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KUWAIT CITY, March 16 : The Kuwaiti Cabinet has approved a draft law on supporting and guaranteeing local banks’ loans to clients who were affected by the coronavirus measures. The Cabinet endorsed the bill, which was proposed by its economic committee, and referred it to His Highness the Deputy Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, said Foreign Minister and Minister of State for Cabinet Affairs Dr. Sheikh Ahmad Nasser Al-Mohamad Al- Sabah in a statement following the Cabinet virtual meeting.
The Cabinet has also tasked minister of commerce and industry to coordinate with the ministry of finance, the Kuwait Investment Authority, the Central Bank of Kuwait, the National Fund for the Supporting Small and Medium Enterprises, the Kuwait Economic Society and other relevant bodies to propose a slew of bills and executive measures to back small and medium-sized enterprises and mitigate the impact of the pandemic on them.
KUNA : Cabinet approves SMEs loan guarantees bill - Government
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كونا : Cabinet approves SMEs loan guarantees bill - حكومة
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Cabinet okays formation of committee for Qatar s participation in Osaka Expo 2025
11 Mar 2021 - 6:01
QNA
Doha: The Cabinet which met yesterday with Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani in the chair took necessary measures to issue a draft law regarding endowment, after the Cabinet reviewed the recommendation of the Shura Council in this regard.
The draft law is being prepared to replace Law No. 8 of 1996 on endowment, and comes in the framework of updating legislation to keep pace with developments in this regard. The draft law includes provisions relating to the establishment of the endowment, its distributions and conditions, the civil endowment, and the supervision of the endowment, its maintenance, architecture and investment.