UK is keen on bol­ster­ing Kuwait ties, Parm­ley says

Kuwait Times - - BUSINESS - By Faten Omar

Lord Mayor of Lon­don Dr An­drew Parm­ley is vis­it­ing Kuwait to dis­cuss the ben­e­fits of a strong eco­nomic part­ner­ship be­tween Kuwait and the City of Lon­don with top Kuwaiti of­fi­cials. “The United King­dom is keen on bol­ster­ing ties with Kuwait in all pos­si­ble do­mains,” Parm­ley said. At a press con­fer­ence yes­ter­day at Hamra Tower, Parm­ley noted that he met HH Sheikh Nasser AlMo­ham­mad Al-Ah­mad Al-Sabah, adding the meet­ing was at­tended by head of the mis­sion of honor, Gover­nor of Hawally Lt Gen Sheikh Ah­mad Nawaf Al-Ah­mad Al-Sabah, and Di­rec­tor Gen­eral of Kuwait Di­rect In­vest­ment Pro­mo­tion Au­thor­ity Sheikh Dr Mishal Jaber Al-Ah­mad AlSabah to dis­cuss eco­nomic and com­mer­cial re­la­tion­ships be­tween Kuwait and the UK.

The Lord Mayor of Lon­don af­firmed that the goal of the visit was to re­as­sure Kuwait and the GCC coun­tries that the UK would re­main a strong busi­ness part­ner. “The UK is a nat­u­ral part­ner of choice for any am­bi­tious coun­try that plans to grow its econ­omy. I look for­ward to strength­en­ing the strong eco­nomic ties that bind the UK and Kuwait. Dur­ing my forth­com­ing meet­ings, I will re­it­er­ate one cen­tral mes­sage: The UK is open for busi­ness.” Parm­ley em­pha­sized. He added that UK will al­ways re­main a great trad­ing na­tion and Bri­tain’s econ­omy is one of the strong­est among ma­jor ad­vanced economies in the world, and “we are well placed to face the fu­ture”.

As the rep­re­sen­ta­tive of Lon­don’s pres­ti­gious and an­cient ‘City’, the Lord Mayor will be pri­mar­ily fo­cused on com­mer­cial and in­vest­ment re­la­tion­ships. Kuwait has a long his­tory with the City of Lon­don, par­tic­u­larly through the Kuwait In­vest­ment Of­fice, based in the City, which re­cently cel­e­brated its 50th an­niver­sary. Sim­i­larly Bri­tish bank­ing in­sti­tu­tions such as HSBC have long op­er­ated in Kuwait. Dur­ing his visit the Lord Mayor, will ex­plore how to deepen these ties, and how the UK and UK busi­nesses and in­sti­tu­tions can sup­port Kuwait’s stated aim to be­come a fi­nan­cial hub and the coun­try’s am­bi­tious de­vel­op­ment plan.

Parm­ley’s visit comes on the back­drop of Brexit, an event that sent shock­waves around the globe af­ter the UK ex­pressed clear in­ten­sions to fully sep­a­rate from the EU. Parm­ley re­vealed that more top UK of­fi­cials will visit the re­gion soon, point­ing out that Bri­tish Prime Min­is­ter Theresa May will take part in the GCC sum­mit to be held in Bahrain later next month. Parm­ley is closely in­volved in cul­ture and cre­ative in­dus­tries and pro­motes di­ver­sity, par­tic­u­larly the im­por­tance of at­tract­ing in­ter­na­tional skills to Lon­don, and global Fair Trade.

The Lord Mayor will also be pre­sent­ing a Man­sion House Schol­ar­ship to a Kuwaiti scholar. “We have now two Kuwaiti win­ners, Mishari Fayez Al-Jas­sim and Dari AlZayad,” Parm­ley said. The schol­ar­ship scheme ex­ists to fund schol­ar­ships for the bright­est and best stu­dents and young busi­ness ex­ec­u­tives from over­seas to travel to the United King­dom to study or to un­der­take train­ing or work ex­pe­ri­ence in Lon­don’s world-lead­ing fi­nan­cial ser­vices sec­tor.

The scheme is ad­min­is­tered as a char­i­ta­ble trust, with an in­de­pen­dent chair­man and four ap­pointed trustees. The se­lec­tion of the scholar re­mains as the per­sonal gift of the Lord Mayor of the City of Lon­don and those awarded schol­ar­ships are known as Man­sion House Schol­ars. This year, Jas­sim will be ap­pointed as a Man­sion House Scholar from Kuwait.

Jas­sim is 29 and works for Ahli United Bank in Kuwait City, where he has been em­ployed since 2007. He is now a Se­nior Dealer on one of their Trea­sury Trad­ing Desks. Mishari is the first Man­sion House Scholar ever to have been se­lected from Kuwait and one of thir­teen schol­ars to have been ap­pointed by the Lord Mayor this year.

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