PFEA Cmte Approved The Draft Law On Borrowing KD 25 Billion From Domestic And International Markets
Category: Kuwait
Immigrate to Canada or Australia
Study In Abroad

The parliamentary Finance and Economic Affairs Committee approved Sunday the government’s draft law on borrowing KD 25 billion from domestic and international markets, says Committee Chairman MP Salah Khoursheed who affirmed that the committee discussed all justifications before approving the bill.

Khoursheed went on to disclose that the committee agreed to withdraw reports about the proposal to reduce the interest rate on insurance, reduce retirement age and assign a neutral foreign company to study the proposal within one month or one month and a half. He said the committee also rejected the proposal to increase financial privileges for workers in the private sector and those with special needs. He affirmed the committee will present to the Parliament the justifications for withdrawing the report on early retirement in the session slated for Jan 9, 2018. He added a foreign company has been tasked to study the subject within 45 days from the date of signing the contract.

MP Riyad Al-Adasani pointed out the government’s idea to borrow from local and international markets entails decline in the credit rating of the country. He wondered why the government is insisting on borrowing considering that the current reserve in State agencies is estimated at KD 20 billion and this amount should go to the public treasury He said he will soon request for deliberation on the State revenue report in order to prove to the people that the country does not need to borrow. He also asked the government to provide the Financial and Economic Affairs Committee with the accurate figures in terms of the sovereign funds.


Commenting on the early retirement bill, MP Ali Al-Deqbasi confirmed his commitment to push for discussion of reports on this bill and the proposed reduction of interest rates on loans granted to pensioners. He called on all parliamentarians to shoulder their responsibilities and vote against withdrawal of reports from the agenda of the Jan 9 session. He clarified that he is not against public interest as he is rather keen on serving the interests of the country and its citizens, calling for adoption of the draft law on reducing the age of retirement in its first deliberation and then postpone the second deliberation until the neutral company submits its report as per the request of the Financial and Economic Affairs Committee.


08 Jan, 2018 0 447
Posted Comments
Popular News
Moving Out Of Country Without Paying Bank Loan I am requesting an expert opinion on the following matter. I am working in a private company and this is my second company where I had completed almost six years. Currently my residence is on my co... October 19, 2019 0 15122 Category: Legal
Age Restrictions For Visit Visa Of Parents I am working in KNPC Kuwait, my salary is KD 1050 per month, my father’s birth-date is Dec 26, 1953 and mother’s birth-date is May 9, 1961. I want to apply for a visit visa for them. How m... October 20, 2019 0 7838 Category: Visit Visa
No More Dependent Visa ( Visa 22) for Expats Parents The General Department of Residence Affairs has issued a decision according to which the children can no longer sponsor their parents to reside in the country but they can sponsor them for visit, repo... October 21, 2019 0 1509 Category: Kuwait
New Kuwait Airport Passenger Terminal On Track Work on the new passenger terminal at Kuwait International Airport is on track. The T2 terminal project has so far reached 21.3 per cent, said Minister of Public Works Jenan Bushehri. “A tota... October 20, 2019 0 1070 Category: Kuwait
Medical Test Reports Directly Sent To Immigration Department My wife did medical test yesterday in Um Al-Haymen and blood test at Fahaheel. How do I check the medical report after completing blood and x-ray tests? How do I know whether my wife is fit or unfit? ... October 18, 2019 0 1044 Category: Legal
MOH Announced That A Fee Of Two Dinars Will Be Charged For ‘private’ Sick Leaves Ministry of Health announced that a fee of two dinars will be charged before its Medical Licenses Department endorses sick leaves issued by the private medical establishments, reports Al-Jarida daily.... October 18, 2019 0 810 Category: Kuwait
Marginal Profession Applying For Family Visa I am Indian National, bachelor degree holder, working as sales representative for a garment shop and my salary is KD 500 plus I receive KD 100 for monthly incentive. Can I apply for family visa as I h... October 21, 2019 0 689 Category: Legal
MOH Has Warned Of The Dangers Of Misuse Of Antibiotics The Director of Infection Prevention Department at the Ministry of Health, Dr Ahmed Al-Mutawa, has warned of the dangers of misuse of antibiotics, while appreciating the decision of the Minister of He... October 21, 2019 0 647 Category: Health
Four Egyptians Stabbed By An Unknown Person An investigator from the Farwaniya Police Station visited the Farwaniya Hospital to hear the testimony from four Egyptians who were stabbed by an unknown person, reports Al-Anba daily. During inter... October 20, 2019 0 590 Category: Crime News
Demand To Deport A Young Kuwaiti Man From Britain In Attempt To Kill Two People British media reported on Thursday a case in which there was a demand to deport a Kuwaiti young man named HH after he was released from prison as he had run over two young Britons. The 40 year old ... October 18, 2019 0 492 Category: Crime News
View All
Popular Offers
carrefour-part-3-anniversary-offers in kuwait
Carrefour Part 3 Ann...
grand-hyper-amazing-one-day-promotion in kuwait
Grand Hyper Amazing ...
crazy-figures-are-back in kuwait
Crazy Figures Are Ba...
lulu-hypermarket-offers in kuwait
Lulu Hypermarket Off...
costo-supermarket-maga-promotions in kuwait
Costo Supermarket Ma...
Popular Events
30 Oct, 2019
Category : Food & Drink
23 Oct, 2019
Category : Food & Drink
28 Oct, 2019
Category : Food & Drink
02 Nov, 2019
Category : Music
01 Nov, 2019
Category : Food & Drink
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment