KUWAIT: An informed source at the Commerce and Industry Ministry accounted for 60 non-operating companies, or what is known as ‘bogus companies’ during the first half of 2013.The source said the ministry accounted for over 1,900 operating companies during the same period in the fields of services, brokerage, industry, investment, holding, real estate, contracting, food, commercial sector, power, petroleum, banks and insurance. He said there are 471 operating companies that did not present financial data for 2012, including 132 companies in the services sector and 145 companies in the holding companies sector.The source said the number of companies that did not present financial data since their establishment until now is 116, including 50 in the services sector, 28 in the holding sector, 11 in industry and 11 in real estate.


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