Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- His Highness PM's visit to give impetus to ties with China - Amb.  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 02/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah's visit to China, due to start Monday, will give significant impetus to bilateral relations, said Kuwait's Ambassador to China Mohammad Al-Thuwaikh.

"The visit is expected to bolster bilateral relations between the two friendly Asian nations," Al-Thuwaikh told KUNA Sunday.

He described the Kuwaiti-Chinese ties as "strong and steadily developing" in all domains, particularly in the economic, commercial and energy fields.

"Kuwait was the first Gulf state to have full diplomatic relations with the People's Republic of China in 1971, but the bilateral trade ties have started long before that time," the Ambassador said.

He pointed out said His Highness the Prime Minister would have a busy schedule during his four-day visit to China.

"His Highness the Premier will hold talks with several senior Chinese officials at the forefront of them are President Xi Jinping, Prime Minster Li Keqiang and Parliament Speaker Zhang Dejiang," he said.

"Moreover, His Highness the Premier will attend the ceremony of signing several agreements for reciprocal exemption of entry visas for diplomatic and special passports-holders; civil aviation; energy; investment and trade cooperation." The Kuwaiti diplomat noted that His Highness Sheikh Jaber Al-Mubarak will also attend the opening of the Tenth China-Arab States Economic and Trade Forum.

He estimated that the value of trade exchange between the two countries in 2013 at USD 12.3 billion. He pointed out that Kuwait is one of the top ten oil exporters to China.

Kuwait is interested in exploring investment opportunities in China and for his reason, the Kuwait Investment Authority opened a branch in in the Asian nation two years ago, he said.

The Ambassador also stated the Chinese officials and investors have shown interest in investing in Kuwait. They seek to partake in the implementation of state development projects, he added.

He acknowledged the level of educational and cultural cooperation still below the aspirations of the two governments.

With regard to Kuwaiti tourists who visit China, the Ambassador said that Chinese Embassy in Kuwait issued over 10,000 entry visas to China for Kuwaitis in 2013.

His Highness the Premier will be accompanied by a large delegation of ministers, senior officials and economic figures.

Among the delegation members are First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Sabah; Deputy Prime Minister, Minister of Commerce and Industry and Acting Minister of Education and Higher Education, Dr. Abdulmohsen Al-Madaj; and Finance Minister Anas Al-Saleh.

It also includes Kuwait Petroleum Corporation CEO Nizar Al-Adsani; Kuwait Fund for Arab Economic Development Director General Abdulwahab Al-Bader and Kuwait Investment Authority Director General Bader Al-Saad.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Jul 28 2015 - Optibiotix completes study on cholesterol reducing capsuleProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-- ADDS CHIEF EXECUTIVE COMMENT DETAIL AND SHARE PRICE Life sciences group Optibiotix (LON:OPTI) has completed a clinical study for its cholesterol reducing capsules with ...

 Jul 28 2015 - Most followed: GDP GKN Hikma Melrose Resources RSA Insurance supermarketsProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Conspiracy theorists who reckon governments juice up the economy so an economic revival coincides with a General Election may have to have a rethink. Either that or the ...

 Jul 28 2015 - Mosman Oil raises £400000 for deposit on acquisitionProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Mosman Oil and Gas (LON:MSMN) has raised £400000 from a placing to move forward the acquisition of a producing asset along and arrange for it to be ...

 Jul 28 2015 - Risers & Fallers including Edge Virgin Money Informa Dialight Royal Mail and more...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are the main news-driven share price movements at 12.15pm. RISERS Edge Resources (LON:EDG) up 16.8%. The company raised C$500000 through a private placement with ...

 Jul 28 2015 - UAE Etisalat telecom's profit dives 40% in Q2AFP
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit ...

 Jul 28 2015 - UAE hikes petrol prices 24%, cuts diesel 29%AFP
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday. From ...

 Jul 28 2015 - Saudi Sipchem suffers 55% net loss in Q2MENAFN
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported. According to a report, the International Petrochemical net loss is ...

 Jul 28 2015 - Saudi- Low sales, high costs put Tasnee in lossKhaleej Times
(MENAFN - Khaleej Times) Saudi Arabia's National Industrialisation, or Tasnee, on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product ...

 Jul 28 2015 - Flat growth in Abu Dhabi housing rentsKhaleej Times
(MENAFN - Khaleej Times) The housing market in Abu Dhabi saw flat growth in rents during the second quarter of the year, while remaining stable this quarter, according to real estate investment and ...

 Jul 28 2015 - UAE hikes petrol prices by over 22%Khaleej Times
(MENAFN - Khaleej Times) The UAE on Tuesday made foray into the new era of zero-subsidy regime for fuel prices in Gulf Cooperation Council by announcing new prices for August.A high-powered ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help