Kuwait: Expats Banned From Fish Auctions

fish auction

Expatriates in Kuwait have been banned from participating in fish auctions unless they are permitted by the relevant authorities.

According to the Ministry of Commerce and Industry, the objective of the decision is to prevent ‘manipulation of fish prices’ after receiving numerous complaints that expatriates allegedly raise the price of fish in a bid to make more profits.

The new circular will regulate the market “to guarantee the stability of prices and regulate the auction process,” as well as ensure supervision to ” prevent manipulation’’.

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