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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Interview-clouds looming on the Kuwaiti sky industry imploded oil

    Rocky
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    • Post n°1

    Interview-clouds looming on the Kuwaiti sky industry imploded oil Empty Interview-clouds looming on the Kuwaiti sky industry imploded oil

    Post by Rocky Sun 21 Feb 2016, 4:01 pm

    Interview-clouds looming on the Kuwaiti sky industry imploded oil 130130155226JIEZ

    [size=39]Interview-clouds looming on the Kuwaiti sky industry imploded oil[/size]
    Ahmad Hajjaji
    Kuwait, Feb. 21 (Reuters) - A looming dark clouds in the skies of the industrial sector in Kuwait already overstretched trouble as the government prepares to implement the austerity measures in the face of the sharp drop in oil prices.
    Sees Hussein Al-Kharafi Chairman of the Kuwaiti Industries Union that upcoming austerity and the imposition of taxes on companies and factories of the private sector measures will double the sector's troubles, while blessed with industries in other countries, the fruits of lower energy cost.


    In an interview with Reuters, Al-Kharafi said that the private sector factories will bear bear the burdens of reducing the subsidies on electricity and water and pay a new tax to the government at a time when it will be required to employ a greater proportion of high-cost national employment.

    And damaged OPEC member Kuwait, which depends on oil revenues to finance about 90 percent of the general budget hard by falling oil prices about 70 percent since mid-2014.
    Kuwait plans to impose a number of austerity measures to cope with the new situation of oil prices is expected that these measures include the reduction of subsidies on electricity, water and gasoline.
    Al-Kharafi called on the government to exclude the industrial sector to reduce support measures.
    He said that competition factories in China and other countries benefit from lower oil prices because they pay "a quarter of what it paid previously," the cost of energy means they will be more able to compete with the Kuwaiti factories in the narrow market.
    Industrial non-governmental sector and does not constitute a significant proportion of the national economy. According to the latest report of the Industrial Bank of Kuwait, the manufacturing excluding oil refining industry make up only four percent of the GDP of the country in 2013.
    The manufacturing sector grew excl Activity oil refining by 33.5 percent in 2014 compared to 26.8 percent in 2012, according to the same report.

    http://www.zawya.com/ar/story/%D9%85%D9%82%D8%A7%D8%A8%D9%84%D8%A9%D8%BA%D9%8A%D9%88%D9%85_%D8%AA%D9%84%D9%88%D8%AD_%D9%81%D9%8A_%D8%B3%D9%85%D8%A7%D8%A1_%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9_%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A%D8%A9_%D9%85%D8%B9_%D8%AA%D9%87%D8%A7%D9%88%D9%8A_%D8%A7%D9%84%D9%86%D9%81%D8%B7-TR20160221nL8N15W0EEX2?utm_source=zawya&utm_medium=web&utm_term=term&utm_content=ar-editors-pick&utm_campaign=story/
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