Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Delegation's visit to Riyadh boosts Kazakh ties  Join our daily free Newsletter

MENAFN - Arab News - 09/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093501625 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093501625 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Arab News) Minister of Foreign Affairs Prince Saud Al-Faisal held wide-ranging talks with Kazakh counterpart Yerzhan Kazykhanov in Riyadh yesterday that focused on a range of bilateral and regional issues.

On the sidelines of the talks, the two countries also signed a bilateral protocol agreement to facilitate the Kingdom's access of goods and services to Kazakh markets within the framework of the provisions of the Word Trade Organization (WTO).

Osama Nugali, a spokesman of the Ministry of Foreign Affairs, said: "The talks between Prince Saud and his Kazakh counterpart covered a number of topics including new developments in the region." The visit of Kazykhanov to Riyadh is significant keeping in view Astana's announcement in which it expressed its willingness to host the fresh rounds of talks between Iran and the P5 plus 1-the US, the UK, France, Russia and China plus Germany.

Kazakhstan expressed its desire to host the talks after Iran indicated its willingness to choose another country instead of Turkey as the venue for the multifaceted talks. Neither Nugali nor Rauan Jumabek, a spokesman of the Kazakhstan Embassy, could provide further details. The Kazakh foreign minister, who arrived here Friday, is accompanied by a 10-member delegation including Zhanar Aitzhanova, Kazakh minister of economic development and trade.

The agreement to provide the Kingdom access to Kazakh markets was signed by Aitzhanova. On behalf of Saudi Arabia, the bilateral accord was inked by Minister of Commerce and Industry Dr Tawfiq Al-Rabiah. "The visit of Kazakh ministers to the Kingdom will boost bilateral ties in all sectors including trade and economy," said Al-Rabiah, briefly speaking after signing the agreement. On a trade front, the two countries have forged closer ties with two-way trade exceeding SR403 million annually.

Asked about the specifics of the talks with Prince Saud, another diplomat said the discussions covered a number of topics of mutual concerns.

"Saudi Arabia is an important country for Kazakhstan, a new nation which is a member of the United Nations, Organization for Security and Cooperation in Europe, Euro-Atlantic Partnership Council and above all the Organization of Islamic Cooperation (OIC). It is also an active participant in the North Atlantic Treaty Organization Partnership for Peace program", he added.

Overall, Kazakhstan, whose image and bilateral relations are growing rapidly on a trans-regional level, will further capture the attention of GCC states in the coming months and years, further integrating the Gulf littoral with Central Asian security concerns, he explained, while referring to the leading role of the Kingdom.

Saudi Arabia, he said, has emerged as an important partner of Kazakhstan from different perspectives, including foreign policy, security or commercial. Riyadh signed an agreement with the Kazakh National Space Agency on cooperation in exploration and use of outer space for peaceful purposes. The agreement was signed late last year and includes a joint program that includes projects in the field of space activities, joint research project, and exchange of information and data, besides organizing conferences, seminars and exhibitions.

Kazakhstan places special importance on developing its relations with Saudi Arabia, he added. Several areas including energy, retail trade and infrastructural development have been identified by two sides that could boost ties further. A number of Saudi businesses have evinced keen interest to invest in Kazakhstan. Moreover, Saudi Arabia is also interested in importing grain and other agriculture products from Kazakhstan.

The central Asian republic, which declared its independence in 1991, is the ninth largest country in the world by land area. Kazakhstan also holds about 4 billion tons of proven recoverable oil reserves and 2,000 cubic kilometers of gas. According to industry analysts, expansion of oil production and the development of new fields will enable the country to produce as much as 3 million barrels per day by 2015, making the country among the top 10 oil-producing nations in the world.

 






  MENA News Headlines
May 26 2013Arabtec Terna secures USD107.7m Saudi contract ,MENAFN
(MENAFN) Arabtec Holding announced that its subsidiary, Arabtec Terna, has secured a USD107.7 million Saudi contract from Aldara Medical Corporation, reported Reuters. Arabtec Terna will be in ...

May 26 2013UAE- MAF expects investments of USD1b in 2013 ,MENAFN
(MENAFN) Majid Al Futtaim Holding (MAF) announced that it predicts its current year's investments to hit USD1 billion, reported Arabian Business. According to the CEO, Iyad Malas, the USD680 ...

May 26 2013Jordan's 2013 growth outlook at 3.5%: CB ,MENAFN
(MENAFN) According to the Central Bank governor Ziad Fariz, Jordan is expecting a 3.5-percent economic growth for the current year, reported Arabian Business. He also said that this expectation is ...

May 26 2013Sharjah eyes more Korean, Asian tourists and investments ahead of Seoul summit ,Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Third UAE-Korea Economic Partnership Forum that opens tomorrow will help provide a direct impetus to the travel and tourism industry in Sharjah and the UAE ...

May 26 2013Central Bank of the UAE, TRA sign MoU ,Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Central Bank of the UAE represented by the Department of Information Technology and the Telecommunications Regulatory Authority (TRA) represented by Computer ...

May 26 2013UAE- NBAD Issues $465 Million Convertible Bonds ,Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The National Bank of Abu Dhabi (NBAD) has issued US$465 million senior unsecured convertible bonds, convertible into ordinary shares of NBAD. The offering, ...

May 26 2013Arabtec awarded SAR404 million Saudi hospital contract by Aldara Medical Corp. ,Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Arabtec Holding PJSC announced today that its joint venture between Arabtec Saudi Arabia LLC and Greece's Terna S.A. has been awarded a SAR 404 million contract ...

May 26 2013Saudi Arabia Attends World Economic Forum In Jordan ,Saudi Press Agency
(MENAFN - Saudi Press Agency) Jordan's King Abdullah II opened the World Economic Forum entitled 'Preparation of Conditions for Economic Growth and Stability'' at the Dead Sea resort, South of ...

May 26 2013Saudi- Finance Minister Meets U.S. Undersecretary of Treasury Department ,Saudi Press Agency
(MENAFN - Saudi Press Agency) The Minister of Finance, Dr. Ibrahim bin Abdulaziz Al-Assaf met here today with U.S. Undersecretary of Treasury Department David Cohen, currently visiting the Kingdom of ...

May 26 2013 Bahrain Hosts Annual Gulf Construction Conference in June ,Qatar News Agency
(MENAFN - Qatar News Agency) Bahrain will host the Annual Gulf Construction Conference under the theme of "Challenges and Future Opportunities in the Construction Sector". The event will be ...

more...


 
Click to Apply






Google

 
 

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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help