Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
No Increase In Prices After Fuel Hike
Chairman of the Union of Consumer Cooperative Societies (UCCS) Dr Saad Al-Shabou affirmed that his meetings with the Minister of Commerce and Industry Yousef Al-Ali are part of the consistent coordination between the union and the ministry to monitor price increase in cooperative societies.
Dr Al-Shabou declared this following a recent meeting with the minister to deliberate on the latest developments concerning price monitoring and allotment of a clear plan to follow up prices such that nobody can increase it at will. He assured that no company has increased the prices of any good recently, indicating that the last price increase happened in May.
Dr Al-Shabou said he has clarified this aspect to the minister, who appreciates the role of the union in steady monitoring of prices and strongly working against its increase. He emphasized that increasing the prices can only be allowed after thorough examination and study of requests by the concerned committees.
Dr Al-Shabou reiterated that increases already approved were not beyond 5 percent of the original value of the goods, adding that some requests were declined because they were more than 10 percent of the value.
Â
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment