http://www.arabtimesonline.com/arabtimes/kuwait/Viewdet.asp?ID=9649&cat=a
Finance panel okays Islamic bank; Vote on pay hike put off to mid-Feb KUWAIT (KUNA): The parliamentary committee for financial and economic affairs approved on Monday establishing Jaber Islamic Bank at a capital of 100 million Kuwaiti dinars and delayed voting on hiking payments of civil servants till middle of February. The chairman of the commission, MP Ahmad Baqer, said in a statement following a meeting of the committee that its members examined a bill stipulating establishment of the Islamic bank, adding that representatives of the Central Bank of Kuwait (CBK) pointed out that the bank’s capital should stand at KD 100 million, with 24 percent for the government while the remaining shares should be floated at a public subscription. The government has supplied the committee with statistical data with regard of the forecast financial costs, and pay raise for all segments of the civil servants, namely engineers, teachers and auditors. The Social Security Institution explained that the cost of lifting the ceiling of the retirement pension from KD 1,250 to KD 1,500 would amount to KD 2.8 billion. Baqer said the committee decided taking a decision on the pay raise at its scheduled meeting in the middle of February. On the stance of the government, he said that it rejected the proposed pay raise and expressed its view that improving living standards for the citizens could be accomplished through establishment of new government-run companies. Agencies add: Meanwhile, the Cabinet expressed its approval to the recommendation of MP Jamal Al-Omar, who suggested the government own 60 percent shares of the third telecommunication company and offer them to citizens through public subscription, reports Al-Anba. Meanwhile, Minister of Communications Maasouma Al-Mubarak announced that she will introduce a proposal to increase the number of digits in landline and mobile telephone numbers from seven to eight digits to the Cabinet. Sources say the Cabinet in its recent meeting approved a draft law related to public gatherings and parades. During the same meeting, it also approved a plan to allocate KD 100 million to establish an Islamic institution to finance and support small handicraft industries. The Cabinet expressed its displeasure over the poor performance of the Kuwaiti football team and asked the Minister of Social Affairs and Labor Sheikh Sabah Al-Khaled Al-Sabah to prepare a report over the matter. +++ -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
