Latest news with #LawNo.32
Arab Times
20 hours ago
- Arab Times
PACI calls on 591 Expats to update their addresses to avoid KD 100 fine
KUWAIT CITY, June 23: The Public Authority for Civil Information (PACI) has called on 591 individuals to update their residential addresses within one month by either visiting PACI headquarters or using the Sahel application. PACI published the names of these individuals in the official gazette Kuwait Al-Youm, confirming that their addresses were removed due to declarations by real estate owners or because their buildings were demolished. It warned that failure to update their information will result in a fine of KD 100 per person, under Article 33 of Law No. 32/1982.
Arab Times
25-05-2025
- Arab Times
643 Residents Must Update Address Records or Face KD 100 Fine
KUWAIT CITY, May 25: The Public Authority for Civil Information (PACI) has urged individuals whose residential addresses have been deleted from its records to visit the authority within 30 days from the date their names are published in the Official Gazette. Failure to comply may result in a fine of up to 100 Kuwaiti dinars per person, in accordance with Article 33 of Law No. 32 of 1982. Kuwaiti authorities released a list of 643 individuals whose addresses were removed, either upon the property owner's request or due to the demolition of the buildings. PACI emphasized the importance of updating residential information and advised those affected to visit the authority with the necessary documents to register their new addresses.
Zawya
25-03-2025
- Business
- Zawya
Kuwait's 2025/2026 budget deficit set at $20.43bln
KUWAIT CITY - Decree- Law No. 14/2025 has been issued to define the budgets of ministries and government departments for the 2025/2026 fiscal year. Revenues have been estimated at KD 18,231,486,000, and expenditures have been projected at KD 24,538,000,000, which results in a deficit of KD 6,306,514,000 for the fiscal year of 2025/2026, reports Al- Seyassah daily. Meanwhile, the Kuwait Al-Youm official gazette published decrees for the budgets of 39 independent and affiliated government entities for the same fiscal year, with expectations of profits recorded in only a limited number of these entities. The budgets for various government entities for the 2025/2026 fiscal year are as follows: National Assembly: KD 33,843,000 Kuwait Municipality: KD 228,964,000 Public Authority for Civil Information: KD 44,478,000 Kuwait Fire Force: KD 220,445,000 Public Investment Authority: KD 57,754,000 Public Authority for Applied Education and Training: KD 329,959,000 Public Authority for Agricultural Affairs and Fish Resources: KD 113,886,000 Palace Authority: KD 23,432,000 National Bureau for Human Rights: KD 2,762,000 Abdullah Al-Salem University: KD 31,280,000 Medical Liability Agency: KD 3,726,000 Kuwait Anti-Corruption Authority: KD 11,264,000 Kuwait University: KD 417,181,000 Public Authority for Housing Welfare: KD 569,802,000 Public Authority for Roads and Transportation: KD 5,317,000 National Fund for Small and Medium Enterprises: KD 8,934,000 Public Authority for Sports: KD 91,478,000 Environment Public Authority: KD 31,702,000 Public Authority for Disability Affairs: KD 216,571,000 Public Authority for Manpower: KD 707,108,000 Public Authority for Food and Nutrition: KD 26,236,000 Kuwait Direct Investment Promotion Authority: KD 10,259,000 Public Partnership Authority: KD 3,836,000 Public Authority for Youth: KD 14,996,000 Central Authority for Public Tenders: KD 14,830,000 Public Authority for Industry: KD 63,015,000 Kuwait Ports Authority: KD 58,311,000 Public Authority for Social Security: KD 5,695,320,000 Meanwhile, the expected revenues are KD 7,871,862,000. The surplus of revenues over expenditures, totaling approximately KD 2,176,000,000, will be added to the reserve funds. The Central Bank of Kuwait holds KD 64,886,000. Therefore, the total expected revenues are KD 141,978,000, with profits reaching KD 77,092,000, to be disposed of under Article 17 of Law No. 32/1968. The Kuwait Petroleum Corporation and its subsidiaries are projected to generate KD 22,854,846,000 in revenues, with expected profits of KD 214,279,000. KUNA has KD 13,584,000, the Communications and Information Technology Authority has KD 32,335,000, and the Credit Bank holds KD 34,548,000. Revenues for the Kuwait Credit Bank are expected to be KD 144,036,000, with profits of KD 109,488,000. The Insurance Regulatory Unit has KD 5,237,000, and the Development Fund has KD 27,967,000. Revenues for the Kuwait Fund for Arab Economic Development are expected to be KD 281,416,000, with profits of KD 253,449,000. The Zakat House has KD 22,088,000, the Kuwait Institute for Scientific Research has KD 46,149,000, and the Capital Markets Authority has KD 37,967,000.
Arab Times
10-03-2025
- Arab Times
PACI removes 443 addresses, fines await delinquents
KUWAIT CITY, March 10: The Public Authority for Civil Information (PACI) has announced the deletion of the residential addresses of 443 individuals from its records, either due to the owner's approval or the demolition of the building. The authority stated that these individuals must visit PACI to register their new address within 30 days, and provide the necessary supporting documents. Failure to do so will result in a penalty, as stipulated in Article 33 of Law No. 32/1982, which imposes a fine of up to KD 100 for each violating individual.
Arab Times
09-03-2025
- Business
- Arab Times
Exchange of Kuwait's Fifth Issue Banknotes Ends April 18
KUWAIT CITY, Mar 9: The Central Bank of Kuwait announced today, Sunday, that the deadline for exchanging the fifth issue of Kuwaiti banknotes is set for April 18th. The exchange process will take place in the banking hall at the bank's headquarters. In a press statement, the Central Bank clarified that the exchange of the fifth issue banknotes requires individuals to visit the banking hall in person. They must bring a valid identification document and complete a designated form for the exchange. The banking hall's official working hours are from 8:00 AM to 2:00 PM, with adjusted hours during Ramadan from 10:00 AM to 1:00 PM. The bank emphasized that the exchange of the fifth issue banknotes is per Article 10 of Law No. 32 of 1968, which pertains to currency, the Central Bank of Kuwait, and the regulation of the banking profession, including its amendments. This process also aligns with Resolution No. 37/405/2015, published in the Official Gazette (Kuwait Alyoum) on April 19, 2015, which mandates the withdrawal of all categories of the fifth issue Kuwaiti banknotes from circulation. Additionally, the Central Bank referenced Article 3 of the resolution, which states that after the specified deadline, all fifth issue banknotes will no longer hold legal tender status, and their use in transactions will be prohibited. However, holders of these banknotes will have the right to exchange them at the Central Bank of Kuwait's cashiers within ten years from the effective date of the resolution. After April 18th, no exchanges will be permitted under any circumstances. The Central Bank reaffirmed its commitment to delivering high-quality banking services and ensuring seamless financial operations. It urged holders of the fifth issue Kuwaiti banknotes to proactively exchange their notes before the deadline expires.
