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MoCI forms panel to monitor prices, control inflation

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KUWAIT: Minister of Commerce and Industry Khalifa Al-Ajeel on Sunday issued a decision establishing a central committee to study prices in the domestic market and monitor inflation and supply chains in a bid to control the movement of prices. The panel, called the Central Committee to Study Prices and Monitor Inflation and Supply Chains, is headed by the ministry undersecretary and includes senior representatives from 15 ministries and departments including the Kuwaiti Federation of Food Traders and Manufacturers.

Under the decision, the committee is authorized to monitor and determine prices in various domestic markets and then lay out guidelines and mechanisms to ensure price stability. The committee will study inflation rates in Kuwait and propose adequate recommendations to deal with them and limit their impact, the decision said.

The panel will also study and follow up supply chains to the local market and ensure their effectiveness and an organized inflow of commodities into the country. The decision said part of the committee’s duties will be to propose policies to strengthen competition and provide incentives for both manufacturers and importers to ensure that sufficient quantities of commodities are available to consumers. The committee will also fight against dumping in order to protect national products. The decision also said that the committee can establish specialized subcommittees to monitor prices and inflation rates, regulate markets and follow up on strategic storage.

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Kuwait-Japan pacts target energy, business growth: Envoy

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Kuwait-Japan pacts target energy, business growth: Envoy

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Scores killed in two apartments’ fire in Riggae

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KUWAIT: A fire broke out in two apartments in a residential building in Riggae on Sunday, killing five people and wounding several others. Kuwait Fire Force said in a statement that three people were found dead on the scene, while KFF spokesman Brigadier General Mohammed Al-Gharib said later that two more people died from their injuries in hospital. Gharib warned the death toll could rise due to the severity of some of the burns. An investigation was opened to determine the cause of the fire, KFF noted.

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IICO launches food aid project for 240,000 displaced Gazans

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KUWAIT: The International Islamic Charitable Organization (IICO) has launched its “Takeyat It’aam Al-Ta’am” (Charitable Food Kitchen) project, aiming to reach 240,000 beneficiaries over the course of one month by distributing balanced meals in shelter centers. The initiative comes in response to the dire humanitarian conditions facing displaced people and refugees in Gaza due to the ongoing siege and conflict.

In a press statement issued Thursday, the organization said the project, which began on May 6 and will continue through June 5, aims to provide food security to the most vulnerable groups and alleviate their daily suffering under the current circumstances. The organization emphasized its particular focus on relief projects with direct impact, which help improve the lives of affected families and support their resilience.

The statement added that the initiative was launched in response to severe shortages in food supplies, a worsening humanitarian crisis, and rising malnutrition rates, particularly among children, pregnant women, and nursing mothers. It noted that most residents in camps and shelters rely almost entirely on humanitarian aid to meet their basic needs.

The organization explained that the project serves several key objectives, most notably: providing nutritious meals to those in shelters, ensuring they receive minimum daily dietary requirements, improving overall health, reducing nutrition-related illnesses, and offering psychological and emotional support amid the intense pressures and hardships they face. It further noted that “Takeyat It’aam Al-Ta’am” meals are prepared and distributed within the shelters in an organized and hygienic manner that preserves the dignity of recipients — especially vulnerable groups such as children, women, and the elderly, who are prioritized in distribution. This comes amid the rapid collapse of food supply chains within Gaza. — KUNA

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