The Financial and Economic Committee of Kuwait’s Parliament has approved the amendments to the Tenders Law. Under the amendments, the National Fund for Small and Medium Enterprise Development’s will join the board of directors of the Central Agency for Public Tenders. Membership terms and grievance periods are also laid out. It will receive its second reading next week.
The Undersecretary of Kuwait’s Health Ministry has asked all assistants, departments, health zone and hospital directors to list the employees authorised to work overtime, the work they do and how much they get paid. The aim is to ensure proper systems are in place for overtime and prevent profiteering. Overtime must also be approved by the Undersecretary and social media guidelines are also being drafted. Anyone who violates the guidelines will be punished.
The rapporteur of the Interior and Defence Committee of Kuwait’s Parliament has announced a draft law, which if approved, will grant citizenship to up to 4,000 people. It has been submitted to Parliament to consider and it is hoped it will be approved before the end of Parliament’s current term. If approved, those looking to benefit from it will have to submit all of the necessary documents and records before they can benefit from the Law.
Kuwait’s National Assembly has approved a new Insurance Law in the country at first reading. The changes would be the first to the legislation since 1981. MPs are still debating whether the sector should be regulated by the Central Bank or the Commerce Ministry but have called for a bespoke regulator not to b established. While Kuwait was the first GCC country to regulate its insurance sector they are the last to amend the legislation to reflect sectorial developments.
According to sources in Kuwait, the draft Expatriate Remittance Tax Law has been withdrawn. It followed strong Government criticism of the proposed legislation. Amid concerns the Government would have rejected it, MPs withdrew the legislation rather than risk rejection which would have meant 44 MPs would have had to of approved the reconsideration of the legislation in the country’s Parliament.
Kuwait Manpower Authority officials have announced the Authority is exempting expatriates from the visa transfer ban. However, the exemption will only apply if the expatriate employee initially transferred to a small company locally and then transferred their residency from a small project to the private sector. It does not apply to other expatriates.
Kuwait’s Capital Market Authority has announced it is launching an awareness campaign for its qualifications examinations project for registered employment positions. The project is being launched with the Chartered Institute for Securities & Investment. The project will result in the Professional Qualifications Programme which the Authority will implement by 30 September 2019.
Senior Kuwaiti Government officials have confirmed there is a Parliamentary consensus on amending Kuwait Law No. 17/2018 which includes amendments to Kuwait Law No. 6/2010 (the Private Sector Labour Law). The proposed amendment states Kuwaiti nationals are entitled to full indemnities at the end of their service without employers deducting sums from their salaries to pay for the Public Authority for Social Security subscription. Indemnities will be paid in full by the current employer at the end of their service retrospectively actively from the date of Kuwait Law No. 6/2010 being implemented.
Kuwait’s Commerce and Industry Minister has issued a Decree establishing a Real Estate Broker’s Book. The Book will be online and is aimed at finalising the regulation of the country’s real estate sector and eliminate market manipulations. Under the Decree, the Commerce and Industry and Justice Ministries, Kuwait Municipality and the Public Authority for Civil Information will establish a database with details of any property which is being traded in terms of disputes and ownership status. Those who have obtained the relevant e-permits from the Public Authority for Civil Information will then be able to register on the e-booking system.
Kuwait’s National Assembly has approved a draft law which will mean tourists visiting the country will have to have a health insurance policy which covers the duration of their stay there. The aim is to ensure tourists do not receive medical treatment in the country. A visit visa cannot be granted until the Interior Ministry has seen the health insurance policy documentation. The amount of coverage has not been specified in the law, but this is likely to be clarified when the Ministry prepares the bylaws to implement the law which is expected within the next two to three months.