Kuwaiti MPs have proposed raising the minimum wage for nationals to KWD1,500 (US$5,300) per month as part of a raft of changes that would boost the income of residents to among the best in the world.
The proposed minimum wage would be by far the highest in the world – three times the present best in Luxembourg, according to a world ranking by international accounting firm PKF International, based on International Labour Organisation data.
The wage also would increase annually in line with inflation, Kuwait Times reported.
The MPs also want to increase the housing loan eligibility to KWD100,00 (US$353,540) a year, while also lifting the cap on how much women can borrow from KWD45,000 to KWD100,000.
Kuwaiti employees also would receive a higher allowance per child, while retirees could claim KWD100 per child per month.
And unemployed Kuwaiti women older than 55 years should receive a minimum KWD500 monthly allowance, the proposal, put forward by MPs Faisal Al-Kandari, Hamad Al-Harshani, Nasser Al-Meri, and Bader Al-Bethali, says.
The MPs also called for Non-Government Organisations (NGOs) and the public sector to be banned from employing foreigners, except for cleaning and loading jobs.
Such a move would help eradicate unemployment and increase Kuwaiti families’ income, the MPs said.
Parliament is yet to vote on the proposal.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.