26/10/2024
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26/10/2024
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KUWAIT CITY, Oct 26: The latest monthly report from the Ministry of Commerce and Industry reveals encouraging growth in Kuwait’s non-oil export sector, reports Al-Seyassah daily. In September 2024, non-oil Kuwaiti exports reached KWD 24.44 million, marking a notable increase from KWD 19.14 million in August. This upward trend in exports reflects a robust performance in international trade, with 2,173 certificates of origin issued in September -- a 3 percent rise compared to 2,105 certificates the previous month. The report also highlights increased activity in various departments of the Ministry.
The Trademarks Department processed 5,143 transactions in September, representing an 8 percent increase from the 4,748 transactions recorded in August. These transactions encompassed a wide range of activities, including deposits, renewals, visa applications, objections, publications, agent registrations, grievances and extracts. Furthermore, the Anti-Money Laundering and Terrorist Financing Department reported a significant rise in transactions, totaling about 428 in September, up from 306 in the previous month. In contrast, the Real Estate Department saw a slight increase in transactions, with 114 reported in September, compared to 100 in August. However, the issuance of licenses by the Department of Personal Companies experienced a decrease, with 1,352 licenses issued in September -- a 16 percent decline from the previous month.
Meanwhile, the Commercial Licensing Department issued 1,064 licenses for both natural and legal persons during this period. In terms of regulatory oversight, the Commercial Control Department reported 36 violations last month, reflecting ongoing efforts to ensure compliance within the marketplace. Overall, these figures indicate a dynamic commercial landscape in Kuwait, with various sectors demonstrating resilience and growth amid changing economic conditions.
