{"id":118534,"date":"2023-01-23T11:57:41","date_gmt":"2023-01-23T08:57:41","guid":{"rendered":"https:\/\/timeskuwait.com\/news\/?p=118534"},"modified":"2023-01-23T11:57:41","modified_gmt":"2023-01-23T08:57:41","slug":"reducing-profit-margin-of-selling-medicines-by-5","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/reducing-profit-margin-of-selling-medicines-by-5\/","title":{"rendered":"Reducing profit margin of selling medicines by 5%"},"content":{"rendered":"<p style=\"font-weight: 400;\">The Minister of Health, Dr. Ahmed Al-Awadi issued a ministerial decision to reduce the permissible profit margin in the price of selling medicines, pharmaceutical preparations and nutritional supplements traded in the private health sector by 5 percent.<\/p>\n<p style=\"font-weight: 400;\">The decision included canceling Ministerial Resolution No. 42 of 2013 regarding determining the permissible profit in the sale price of medicines, pharmaceuticals and nutritional supplements traded in Kuwait, and reducing the permissible profit margin in the selling price by 5 percent compared to the previous profit margin, reports Al-Rai daily.<\/p>\n<p style=\"font-weight: 400;\">The decision also indicated that the profit margin for the local agent and the pharmacy includes all administrative expenses, and all that is spent on medicines and imported pharmaceuticals, in exchange for their receipt, clearance, preservation and safety from their arrival at the port until their delivery to the consumer, such as customs fees, release, transportation, storage and insurance expenses, employee wages and so on.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Health, Dr. Ahmed Al-Awadi issued a ministerial decision to reduce the permissible profit margin in the price of selling medicines, pharmaceutical preparations and nutritional supplements traded in the private health sector by 5 percent. The decision included canceling Ministerial Resolution No. 42 of 2013 regarding determining the permissible profit in the sale [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":118535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8],"tags":[],"class_list":["post-118534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-health"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reducing profit margin of selling medicines by 5% - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/reducing-profit-margin-of-selling-medicines-by-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reducing profit margin of selling medicines by 5% - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"The Minister of Health, Dr. Ahmed Al-Awadi issued a ministerial decision to reduce the permissible profit margin in the price of selling medicines, pharmaceutical preparations and nutritional supplements traded in the private health sector by 5 percent. The decision included canceling Ministerial Resolution No. 42 of 2013 regarding determining the permissible profit in the sale [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timeskuwait.com\/news\/reducing-profit-margin-of-selling-medicines-by-5\/\" \/>\n<meta property=\"og:site_name\" content=\"TimesKuwait\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/timeskuwait\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-23T08:57:41+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2023\/01\/1372144.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TimesAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:site\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TimesAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/reducing-profit-margin-of-selling-medicines-by-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/reducing-profit-margin-of-selling-medicines-by-5\\\/\"},\"author\":{\"name\":\"TimesAdmin\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/person\\\/1f7ebf5aeb4e2934be640ecead337f70\"},\"headline\":\"Reducing profit margin of selling medicines by 5%\",\"datePublished\":\"2023-01-23T08:57:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/reducing-profit-margin-of-selling-medicines-by-5\\\/\"},\"wordCount\":155,\"publisher\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/reducing-profit-margin-of-selling-medicines-by-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/1372144.jpg\",\"articleSection\":[\"Featured\",\"Health\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/reducing-profit-margin-of-selling-medicines-by-5\\\/\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/reducing-profit-margin-of-selling-medicines-by-5\\\/\",\"name\":\"Reducing profit margin of selling medicines by 5% - 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