Sep 26 2012
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Sadia, Hilal rates shoot up
Co-ops, Yusra in deal to raise goods prices
Sources revealed the union is behind the recent increase in the prices of some commodities produced by the company, such as the 10 percent hike in the price of chicken. Sources said this gives the people an impression that the company owners are more powerful than the authorities.
Sources added the board members of certain cooperative societies have been conspiring with the company to maximize profits without realizing that this will drive consumers from the cooperative societies to the supermarkets. Sources cited as an example the KD 1 to KD 1.5 increase in the prices of per box of Sadia and Hilal chicken, indicating the price of chicken in Brazil is lower than in Kuwait.
Australian Foreign Minister Senator Bob Carr met with his counterparts from the Gulf Cooperation Council (GCC) for the first time on the sidelines of the yearly General Assembly session and offered "food security" to their region.
Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al Hamad Al Sabah represented Kuwait in the meeting.
He is a member of the high-level delegation headed by the representative of HH the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to the work of the General Assembly's 67th session, Kuwaiti Prime Minister HH Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.
In a statement to KUNA following the meeting, Senator Carr said "the Gulf is very, very important to Australia... It is increasingly important to Australia. And what we offer the nations of the Gulf, among other things, is food security... We are a supplier of food to Gulf states and we can take care of their food security needs." He added that Australia has a "very open foreign investment regime," explaining that Australia can either export food to the Gulf countries or they can buy land in Australia and have the food cultivated for them.
He explained that the foreign investment in his country is open to tourism, financial services and property, among others.
He said the Gulf states are increasingly investing in Australia and their response to his proposal today was "very positive." The economic relationship with the Gulf states, he noted, is moving ahead "very well, very strongly."
vowing that such meetings will continue in the future and that the next one will take place in Sidney. He didn't know exactly when.
"We have $11 billion in trade. We cooperate on security matters. We consult deeply with the states' representatives," he said.
He recalled that Australia hosts 13,000 students from the Gulf in its universities.
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