New in­sur­ance fees to be within cit­i­zens’ bud­get

Law­maker wants so­ci­eties’ li­censes re­voked

Kuwait Times - - LOCAL - By A Saleh

KUWAIT: The le­gal com­mit­tee formed to restudy the new in­sur­ance law com­pleted the fi­nal draft of the pro­posed law, and it is ex­pected the Na­tional As­sem­bly will ap­prove it be­fore the end of the year. The new law will be the launch­pad for reg­u­lat­ing Kuwait’s in­sur­ance mar­ket 55 years af­ter the cur­rent law was is­sued in 1961. The new law keeps fees and com­mis­sions within the cit­i­zen’s bud­get, while pre­sent­ing new qual­ity ser­vices that take into ac­count vari­ables in the mar­ket. Gov­ern­ment sta­tis­tics show there are 11 con­ven­tional in­sur­ance com­pa­nies and 14 taka­ful com­pa­nies, be­sides 10 for­eign and Arab com­pa­nies and one re-in­sur­ance firm. There are 94 bro­ker­ing com­pa­nies, and 64 branches.

Res­ig­na­tions

Ed­u­ca­tional sta­tis­tics show the num­ber of em­ploy­ees who re­signed from the ed­u­ca­tion min­istry or were sent to re­tire­ment dur­ing the past seven years reached 14,915 per­sons from all ed­u­ca­tion ar­eas. The stats show that 53 per­cent of those who re­signed dur­ing this pe­riod in­clude 7,824 teach­ers and ad­min­is­tra­tors, and 47 per­cent are nonKuwaitis (7,091).

So­cial re­form

MP Safaa Al-Hashim said re­vok­ing the li­cense of the So­cial Re­form So­ci­ety and the Cul­tural So­ci­ety is a na­tional de­mand. She said on her Twit­ter ac­count: “All our trou­bles came through th­ese so­ci­eties!” She said that as long as th­ese so­ci­eties mix re­li­gion with pol­i­tics, “we will not be safe”. MP Ja­maan Al-Har­bash slammed the in­cite­ment against the So­cial Re­form So­ci­ety and Cul­tural So­ci­ety.

En­ter­tain­ment City

Touris­tic En­ter­prises Com­pany CEO Ab­del­wa­hab Al-Mar­zouq sent a let­ter to Kuwait Mu­nic­i­pal­ity with re­gards to de­vel­op­ing and ex­pand­ing the new En­ter­tain­ment City project. Mar­zouq de­tailed the bud­get of li­cens­ing and con­struc­tion ar­eas of all el­e­ments of the project along with the tech­ni­cal and fi­nan­cial study.

The works will be in three stages; Dec 2021: Re­ceiv­ing the main En­ter­tain­ment City com­plex along with a 3-star ho­tel; Dec 2022: Re­ceiv­ing the wa­ter games park along with 4- and 5-star ho­tel; and in 2023, a 5-star ho­tel, in ad­di­tion to the ma­rine works.

Gas sta­tions

Oil Min­is­ter Es­sam Al-Mar­zouq said Kuwait Na­tional Petroleum Com­pany is work­ing hard to have gas sta­tions all over the coun­try to present their ser­vices to all mo­torists, adding that 12 lo­ca­tions were al­lo­cated lately in Jahra and Far­waniya gov­er­norates.

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