Guide to  Kuwait

Hotels in Kuwait

Hotels in Kuwait
The Kuwait Hotels and Accommodation Directory provides a variety of accommodation choices to suit most people's budgets and needs from small, budget hotels in Kuwait short holiday stay and long-stay accommodation

Jobs in Kuwait

Jobs in Kuwait
Job seekers - find your dream job here

Property in Kuwait

Properties in Kuwait
There are tremendous opportunities to be found in Kuwait - not least because it is one of the quieter holiday home investment destinations and hence, remains, even today, partly undiscovered.

Restaurants in Kuwait

News Channels

Kuwait Travel News
Kuwait Real Estate News
Kuwait Employment News

Latest Kuwait News 

New Companies Law underway in Kuwait


Kuwait is considering plans to develop a new Companies Law to update its current legislation, issued about 50 years ago.

The Minister of Commerce and Industry in the Gulf State, Ahmad Al-Haroun, said a ministerial team has been working towards framing the new law, which is urgently required.

The Companies Law which is currently in practice was issued in 1960 and new legislation was required to cope with the ongoing development of companies’ systems to achieve economic growth.

The new law will help in organizing better relations between companies, supervising authorities and auditors. The Finance Market Authority may also “see light very soon,” said Al-Haroun.

The draft law by the authority received approval by the finance committee at the Parliament and will be tabled for voting, he said.

The Emir Sheikh Sabah Al-Ahmad Al-Sabah is awaiting the establishment of the authority at the earliest, to “ultimately transform Kuwait into a regional financial and commercial hub,” Al-Haroun said.

Social Bookmarking
 Add to Del.icio.us Digg this article Add to Myweb.Yahoo! Stumble it Add to Newsvine Add to Google bookmarks Add to Propeller

Read more news

> Huge transportation projects in Kuwait likely to reduce traffic issues
> New e-system launched by Works Ministry to follow-up projects
> New working regulations in the private sector
> Boubyan Port project enters third phase
> No job contract renewals for expatriates over 60 yrs of age
> Kuwait needs to focus on local tourism development
> New e-payment option of fines launched by Kuwait Ministry
> Ring Road project to be fully complete by July 2011
> Kuwait signs KD2bn worth development contracts
> Major privatization for boosting economy