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Kuwait gov't approves in principle diesel subsidy halt
June 10, 2014, 8:26 am
His Highness the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah chairs the cabinet weekly meeting.

The cabinet approved in principle to lift subsidy for diesel because it was not properly consumed in gas stations thus abused.
The cabinet, in its weekly meeting and chaired by His Highness the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah, approved in principle a recommendation by a committee, formed to study state subsidies for goods and services, to stop subsidy for diesel.
The subsidy was lifted because the targetted consumers were not using the diesel properly, which subjects the commodity to abuse for other purposes, a statement by the cabinet, read by Minister of State for Cabinet Affairs and Acting Justice Minister Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah, said.
The cabinet will suspend provision of subsidy pending a study by the higher planning and development council, which would address negative impacts resulted from the lifting of subsidy, it said.

Meanwhile, the cabinet members took note of a letter from Tunisian President Moncef Marzouqi to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, inviting him to visit Tunisia.

They reviewed outcome of His Highness the Amir's recent visit to Tehran and his talks with Iranian President Dr. Hassan Rouhani on ways of boosting bilateral relations, and regional, Islamic and international issues of mutual interest.

Kuwait and Iran also signed cooperation agreements and MoUs, part of the two countries' keenness to achieve more constructive cooperation, said the statement.
His Highness Sheikh Jaber Al-Mubarak briefed the cabinet about outcome of his recent visit toe Beijing and his talks with Chinese President Xi Jinping, which reflected common desire to move the bilateral relations to a new level.

The talks dealt with political, economic, trade and educational domains. Kuwait and China, said the statement, signed cooperation agreements and MoUs in oil, investment, media and publication.

The two countries also voiced desire to cooperation over the Silk City and its economic belt. The cabinet, on the other hand, approved appointment of Ahmad Marshad Al-Sulaiman, Yusuf Hamad Al-Roumi and Abdulaziz Saud Ishaq in the Amiri with the rank of a minister.

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