Kuwaiti<\/a> co-operatives law to \u201cenhance oversight of the board of directors\u2019 practices in co-operative societies and strengthen governance, overseen by the Ministry of Labor Affairs and the Federation of Associations\u201d.<\/span><\/p>\nLast month, the Union signed a memorandum of understanding with the Ministry of Commerce and Industry to oversee the pricing of goods and services within cooperative societies and parallel markets.<\/span><\/p>\nAs part of this deal, the Union will grant the Ministry of Commerce access to its price database. The data will cover details such as the product\u2019s name, brand, size and weight, country of origin, price and barcode.<\/span><\/p>\nRecently, the organisation has launched a price disclosure platform featuring prices for more than 139,000 types of commodities to tackle “artificially inflated prices across co-operative societies, maintaining price balance and facilitating transparency in pricing across co-operatives\u201d.<\/span><\/p>\n\u00a0The Union conducted market inspections to ensure adherence to price guidelines, it said in a statement.<\/span><\/p>\nKuwait has more than 60 consumer co-operatives, which constitute 60 per cent of the grocery landscape.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The\u00a0Kuwait Union of Consumer Cooperative Societies has taken a stance against the government’s suggestion to privatise the country\u2019s cooperative retail societies.<\/p>\n","protected":false},"author":40,"featured_media":20836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1323,1],"tags":[4042],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24170"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=24170"}],"version-history":[{"count":1,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24170\/revisions"}],"predecessor-version":[{"id":24171,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24170\/revisions\/24171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/20836"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=24170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=24170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=24170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}