REVENUE FROM RESTAURANTS, CAFES AND CATERING FALLS BY 40%

  • 06/02/2022

Kuwait City: According to Fahd Al-Arbash, Chairperson of the Kuwait Federation of Restaurants, Cafés, and Catering, the revenues of these facilities have recently decreased by 40%, particularly those selling 'dine-in' meals solely. Al-Arbash stated that this occurred following the Cabinet's decision to curtail the number of personnel reporting for work and the number of dine-in customers in compliance with health laws intended at limiting the spread of corona. 


He said that those offering delivery services were unaffected and even profited more because they stole the market share of those just serving 'dine-in' meals. He stated that the prices of raw materials used by these enterprises jumped by 20 to 100 percent since the price of cooking oil increased by 40% compared to the price before the pandemic, while the price of butter increased by 100%, resulting in a 30% loss in profit margin. He stated that if these institutions wish to raise their rates, they must first acquire approval from the Ministry of Commerce and Industry, and then submit arguments for the price rise.

Related News

Discounts Don't Affect Return/Exchange Rights
  • 08/02/2025
Kuwait Arrests Reckless Driver After Viral Wedding Video
  • 08/02/2025
Shifa Al Jazeera Medical Group to Host Shifa Excellence Awar ...
  • 08/02/2025
Kuwait Bans Water Pistols and Balloons
  • 07/02/2025
Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025