Emsak: 03:13 Fajer: 03:23 Dohr: 11:53 Asr: 15:28 Maghreb: 18:50 Eshaa: 20:21 Max 49º Min 34º FREE www.kuwaittimes.net NO: 15867- Friday, JuLy 12, 2013 Glimpses of Ramadan PAGE 5 MAKKAH: Worshippers eat during Iftar, or breaking of the fast, at the Grand Mosque in the holy Muslim city of Makkah, Saudi Arabia, Wednesday.—AP Local FRIDAY, JULY 12, 2013 Kuwait’s my business Your new business will help Kuwait create 1.7 million jobs By John P Hayes
[email protected] n the news this week we learned from Mohammad Al-Roumi, creation will follow. said Al-Othman, but to date, only about 10 percent of IBK’s loans an undersecretary in the Civil Service Commission, that Since my column appeared last week, numerous Kuwaitis have been awarded to franchise owners. There’s a huge oppor- IKuwait must create 1.7 million jobs to meet the demands of have contacted me to say that getting a government-sponsored tunity waiting to be tapped. citizens who will expect the government to hire them by 2030. loan is too bureaucratic, but I’m not buying that story. According The undersecretary also said that Kuwait’s labor market is out of to Saad Al-Othman, assistant manager of the IBK fund, if a quali- Comfort for lenders balance “when most Kuwaitis opt to work in the public sector fied applicant provides the necessary documentation, a loan can Once you find a franchise to acquire, the franchisor not only and shun away from the private sector.” be approved in about 45 days, an extremely reasonable time- share its operating systems with you, saving you the time and No doubt the government wants to see more citizens moving frame.