Chairman of KAC’s board issues decision to set up cargo section
Comm real estate sector accomplishes six deals worth KD 62m
KUWAIT CITY, July 2: Board Chairman of Kuwait Airways Corporation (KAC) Sami Al-Rushaid has issued a decision to establish a Cargo Section, reports Al-Rai daily.
The decision, which has been communicated to the executive director and his deputy and directors of different sectors, indicates the section will be in charge of all cargo related activities inside and outside Kuwait with immediate effect. This implies all cargo departments affiliated to the Marketing, Sales and Ground Services sectors will be moved to the new section and directly overseen by the executive director.
The daily quoting a source said the organizational structure of the new section will indicate its supervision directly by the executive director. Manager of Cargo Services will head the section, while combining headship of two sections; cargo services and commercial cargo respectively. He explained each of the two sections will be supervised by an assistant manager.
He stressed assistant Cargo Services manager will handle six responsibilities that include cargo support, foreign stations cargo, parcel, import, export and storage services.
He reiterated the assistant manager for Commercial Cargo will oversee five activities, including quality control, cargo sales, contracts and regulations, cargo marketing and planning services.
Report from the Justice Ministry showed the commercial real estate sector accomplished six commercial real estate deals last May exceeding KD 62 million, noting the deal is considered the major transaction of its kind in three years, reports Al-Rai daily.
Real estate experts indicated commercial real estate has started achieving “hot” deals since the second quarter of the year, adding the majority of the deals exceeded the barrier of KD 10 million — an achievement not seen for a very long time.
Experts added the commercial real estate deals were achieved in three transactions conducted in the Capital Governorate, Hawally Governorate and two more in Al-Ahmadi, affirming the sector will continue to achieve multi-million deals due to high demand of shopping complexes in vital areas characterized by high population density.
They also said the increase in value of commercial deals last May was five-fold compared to the value of the previous month (April) when three deals valued at KD 12 million were accomplished.
Public Authority for Manpower has affirmed that the work regulations of small and medium enterprises were not prepared in vain but were mainly aimed at serving young graduates and to open the doors of self dependence and financial independence for them, reports Aljarida daily.
Acting Director of the authority Ahmad Al-Mousa said those above the age of 45 years who have not been able to register and gain from the benefits included in the resolution can open a file in any department of the authority in the six governorates.
He revealed that those financed by the state’s portfolios and funds such as the National Fund for the Welfare and Development of Small and Medium Enterprises and the Industrial Bank of Kuwait are excluded from the registration requirements.
Meanwhile, the Public Authority for Manpower has issued an administrative decision concerning the regulations for the transfer of registered labors among small business owners. It also issued another decision concerning the regulations and requirements for estimating the labor need of small and medium enterprises and for the issuance of clearance certificate and the work conditions of small business owners, reports Al-Shahed daily.
The decision issued by the authority will allow transfer of labors, provided three years have passed from the date of issuance of the work permit, and that the transfer shall be with the owner of another small or medium project.
Regarding the requirements and conditions for estimating the need for labor, the decision stipulates that the owner of the project shall have ten workers at the time when the file is opened — one worker for every five meters and not less than 10 workers. The total number of workers in each establishment of the employer shall not exceed 100 workers. The parent company and its subsidiaries should not have more than 500 employees and the project owner should deposit a bank guarantee of KD 500 for each worker.