Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- 'Consider employee rights before any steps taken for privatization'  Join our daily free Newsletter

MENAFN - Arab Times - 19/03/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab Times)

KUWAIT CITY, March 18: Former minister and MP Yaqoub Al-Sane'a stated the economic reform document entails privatization of some sectors, which he sees as a grave error. He made the disclosure at a symposium held in his diwaniya discussing a number of issues and noted Kuwaiti laws guarantee the protection of employees in private sector, indicating employee rights must be considered before any step is taken toward privatization.

Al-Sane'a rejected the privatization of #Kuwait Airways based on the fact that it's the national carrier and could be used in enhancing tourism just like #Qatar Airways and Emirates have done. He disclosed report on an integrated study he's conducting in support of minor and medium projects will be presented to the MPs, and he hopes it'll reach the Cabinet.

Also, he suggested that Parliament should focus on the issue of lifting subsidy rather than adopting other topics, because subsidy affects all Kuwaiti citizens. He stressed the concerned minister was supposed to mount grilling podium alongside the minister of information and state minister for youth affairs.

Regarding the demography, Al-Sane'a said the solution lies in the motivation of private sector to employ citizens, given that many companies do not follow the regulations on hiring Kuwaiti citizens. He noted the companies in question generally present fake reports that do not represent the true numbers, and they should be held accountable for their actions.

He indicated a proposal is in the pipeline to recommend Cabinet to issue a decision replacing expatriates in private sector with the national personnel, adding he's compiling a list of categories of citizens that can take-up specific jobs in private sector. He reiterated the need to restructure salaries in private sector en par to those of public sector to attract citizens.

About 25 companies have thought about selling their unused assets such as landed and real estate property. The proceeds will be used in paying accumulated debts of KD 700 million, reports Al-Shahed daily quoting a source. The same source added the companies in question intend to sell the assets to compensate for losses incurred to be able to come out of the current recession, noting 'this is the only available option to enable the companies bounce back into competitive levels.' He added the step is necessary after terminating almost 1,000 employees, and 'in spite of the efforts, some weak companies cannot navigate through the difficult trend and will face more problems, because they don't have enough assets to fl ing, while others have nothing at all to sell.'

By Belal Bader Al-Seyassah Staff

MENAFN1903201700960000ID1095328218


 


Arab Times




  MENA News Headlines
 Apr 27 2017 - Afghan, Iraq Troops a 'Long-Term' Pledge: TurnbullDaily Outlook Afghanistan
(MENAFN - Daily Outlook Afghanistan) KABUL - Australian soldiers will remain in Iraq and Afghanistan for a long time, Prime Minister Malcolm Turnbull has said during a secret visit to the Middle ...

 Apr 27 2017 - Jordan- Interior minister discusses with British official security cooperationJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)--Interior Minister Ghalib Al Zu'bi on Thursday, discussed with London Metropolitan Police's acting deputy commissioner Police Mark Rowley, scopes ...

 Apr 27 2017 - Jordan- King congratulates Sierra Leone, Togo on national daysJordan News Agency
(MENAFN - Jordan News Agency) For newspapers........ Amman, April 27 (Petra)--His Majesty King Abdullah II, on Thursday, sent cables of congratulations to President of Sierra Leone Ernest Bai Koroma ...

 Apr 27 2017 - Jordan- State minister for media affairs meets IINA directorJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)--State Minister for Media Affairs and Government Spokesperson Mohammad Momani received on Thursday, Director General of the International Islamic ...

 Apr 27 2017 - Jordan- Spring, warm weather forecast over weekendJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)-- Warm and spring conditions are forecast to prevail Thursday in most parts of the Kingdom, while it will be relatively hot in the Dead Sea and ...

 Apr 27 2017 - Jordan- Huge blasts rocks Damascus airport, thought to be Israeli strikesJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra) --Several large explosions early Thursday have reportedly hit the vicinity of Damascus airport. According to Sputniknews, Israeli war planes ...

 Apr 27 2017 - Kuwait's Interior, Foreign and Defense Ministers depart to RiyadhKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, April 27 (KUNA) -- First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Deputy Prime Minister and Defense Minister ...

 Apr 27 2017 - Kuwait- Two police shot while arresting suspected extremist on Reunion IslandKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, April 27 (KUNA) -- Two French police officers were shot and wounded Thursday during an operation to arrest a radical extremist suspected of terrorist ...

 Apr 27 2017 - Kuwait divers take part in Int'l conf. on marine lifeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, April 27 (KUNA) -- Kuwait Dive Team (KDT), affiliated with the Environmental Voluntary Foundation (EVF), has taken part in an educational conference on ...

 Apr 27 2017 - OPEC, non-OPEC most likely to extend output cut for 6 months moreKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) VIENNA, April 27 (KUNA) -- The OPEC and non-OPEC producers of the 'Declaration of Cooperation' to cut oil production will meet in Vienna on May 25 and are most ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help