MoCI shuts 4 stores for raising computer prices

Wednesday, September 23, 2020

Kuwait's Ministry of Commerce and Industry (MoCI) said they shut down four establishments by direct administrative order, including two stores containing 154 laptops for a company with the intention to monopolize the sets and raise prices.

In a statement on Wednesday, the ministry said that the warehouse was shut down, following rounds of inspections by the department personnel of stores selling computers, chips and various electronic parts in the district of Hawally.

Having recorded an unjustified and unreasonable hike of sets' prices, the department has referred the case to competent authorities for further legal action, the added.

The ministry warned traders that it would not be slack or complacent with respect of any bids by dealers to make customers sustain heavy prices for electronic devices namely computers.

It also urged citizens and expatriates to report any "illogical" hike of commodities' prices via the hotline 135, stressing that companies and commercial stores must adhere to the set trading rules.

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