Kuwait, UK eye closer ties
UK to organize investment expo on Kuwait
Means of boosting cooperation, mainly the economic and consultative areas between Kuwait and Britain were the focus of discussions between Chairman of Capital Markets Authority (CMA) Board of Commissioners Nayef Al-Hajraf and Lord Mayor of the City of London Andrew Parmley.
The two sides discussed developing cooperation in the training and rehabilitation fields which are in line with the agreement that was signed for this purpose last August, the authority said in a press statement yesterday. The agreement aims to serve dealers of securities activities through implementing the international qualifications tests on limited jobs to raise sufficiency of dealers at market, it added.
The deal stressed the need to share expertise with international institutions so as to upgrade Kuwait’s market, it noted. The authority stressed that it seeks to establish, or contribute to establishing, an educational or a training institution in the area of securities markets, the statement concluded.
Meanwhile, Parmley announced on Tuesday that the UK plans to organize an exhibition on investment opportunities in Kuwait, adding that it is slated for 2017 in London in coordination and cooperation of Kuwait Direct Investment Promotion Authority (KDIPA).
Parmley made his remarks on the sidelines of his official visit to Kuwait, during which he met with several Kuwaiti officials and businessmen to discuss boosting commercial ties between the two countries.
The two-day visit was very fruitful and included a number of significant meetings with Deputy Prime Minister, Finance Minister and Acting Oil Minister Anas Al-Saleh, Sheikh Dr Meshaal Jaber Al-Ahmad Al-Sabah, KDIPA’s Director-General, Bader Al-Saad, CEO of Kuwait Investment Authority (KIA), and representatives of a number of economic institutions in London, he said.
These meetings also highlighted details on Kuwait’s plan to diversify its income sources and minimize dependence on oil as a main source for the country’s income, Parmley said. The Kuwaiti-British talks also tackled other vital subjects such as Kuwait’s development plan, efforts to transform the country into commercial and financial hub, and the inauguration of HSBC’s new headquarters, said the British official.
On the volume of trade-exchange, he said that British exports to Kuwait has amounted to around GBP 1.5 billion in 2015. On entry visas, Parmley said that his government issues nearly 100,000 visas annually for Kuwaiti citizens, adding that the UK has also recently adopted the use of e-Visa system to facilitate the issuance and approval procedures for the applicants. — KUNA
KUWAIT: Chairman of Capital Markets Authority (CMA) Board of Commissioners Nayef AlHajraf meets with Lord Mayor of the City of London Andrew Parmley. — KUNA