The Public Authority for Manpower has cancelled the decision that required employers to pay KD 250 guarantee per expatriate worker, except for those recruited on government contracts, regional activities, in addition to security guard and offloading.
Director General of the authority Ahmad Al-Mousa disclosed that the authority had specified in an administrative decision the types of activities that should attract payment of guarantee.
He also said other activities are exempted from the payment as per directives of the Minister of Social Affairs and Labor Hind Al-Sabeeh. He urged employers whose activities are not included in the list covering the payment of guarantee to visit concerned labor offices to request for refund of the sum previously paid.
Meanwhile, Deputy Prime Minister, Minister of Finance and Acting Minister of Oil Anas Al-Saleh has canceled the decision concerning the circular issued by Kuwait Petroleum Company for the dismissal of 15 Kuwaiti employees after the minister faced a strong parliamentary demand for the cancelation of the decision, reports Al-Nahar daily quoting informed sources.
They indicated that the Parliament reacted vehemently after Al-Nahar newspaper had published the news earlier about the inclusion of 60 Kuwaitis in the decision, because such a decision will negatively affect the concerned employees and their families.
The sources affirmed that the execution of the decision was suspended by the former minister of Oil and current Minister of Public Works Ali Al-Omair after he realized its negative impact on the oil. In another development, the signing of a memorandum of understanding between Kuwait Petrochemical Company and the leading Korean Company ‘S.K. Gas’ has been approved to ensure the participation of a company that uses the most sophisticated technologies for the production of propylene in South Korea, reports Aljarida daily quoting informed sources.
They indicated that the memorandum of understanding will possibly be signed at the end of this month. The sources revealed that the project is estimated to be worth about $900 million, and the Kuwaiti company will own 25 percent of the shares, adding that the industry is expected to start operation next March with a production capacity of 750,000MT of propylene annually.
They affirmed that the agreement also includes other projects which will be implemented six months after the operation of the industry is launched, such as for the production of specialized substances from polypropylene and PP oxide.
Source: Arab Times