Doha Bank for Qatar, Kuwait boost­ing trade re­la­tions

The Pak Banker - - Company & Boss News -

QATAR: Doha Bank, one of the lead­ing banks in the bank­ing in­dus­try in Qatar and one of the Qatari bank­ing in­sti­tu­tions op­er­at­ing in Kuwait, re­cently or­gan­ised a sem­i­nar en­ti­tled 'Strength­en­ing In­ter­na­tional Mu­tual Trade' dur­ing which a num­ber of econ­o­mists along with the bank of­fi­cials have dis­cussed the im­por­tance of en­hanc­ing in­ter­na­tional and re­gional mu­tual trade with the State of Kuwait in the fu­ture in or­der to boost the global econ­omy, Global Arab Net­work re­ports ac­cord­ing to Gulf To­day.

On the side­lines of the sem­i­nar lec­tured by Rashid AlTabtabai, the Un­der­sec­re­tary of the Min­istry of Trade and In­dus­try, R. Seethara­man, the Chief Ex­ec­u­tive Of­fi­cer of Doha Bank Group and Chris Fell­ner, Head of In­ter­na­tional Bank­ing Depart­ment in Doha Bank, the most im­por­tant pos­i­tives of sup­port­ing trade re­la­tions be­tween the world economies and in par­tic­u­lar the GCC re­gion were re­viewed.

In a pre­sen­ta­tion dur­ing the sem­i­nar, Chris Fell­ner, Head of In­ter­na­tional Bank­ing Depart­ment in Doha Bank, has re­vealed the size of the surge wit­nessed by the global trade rates over the past four years, not­ing that since 2005 un­til 2009, the rate was up by about 54%. Fell­ner added that in­ter­na­tional trade in terms of ex­ports and im­ports to and from Kuwait has wit­nessed sig­nif­i­cant mo­men­tum dur­ing the same pe­riod, where ex­ports rose from KWD 6.1 bil­lions to KWD 14.4 bil­lions (about 55%), while im­ports in­creased from KWD 3.2 bil­lions to KWD 5.1 bil­lions.

Dur­ing his pre­sen­ta­tion, Fell­ner spoke about the most im­por­tant fac­tors that must be ad­dressed when talk­ing about pro­mot­ing trade ex­change, point­ing to in­ter­na­tional laws, the na­ture of gov­ern­men­tal de­part­ments, strate­gies, as well as tar­iff, fees, etc. Rashid AlTabtabai, the Un­der­sec­re­tary of the Min­istry of Trade and In­dus­try, has re­vealed the Kuwaiti plan per­tain­ing to re­view­ing the trade pol­icy that is in­tended to be ini­ti­ated in De­cem­ber 2011. -PB News

IS­LAM­ABAD: Fed­eral Min­is­ter for Food & Agri­cul­ture, Nazar M. Gon­dal re­ceiv­ing a cheque of Rs. 2.5 mil­lion from Chair­man Rice Ex­porters As­so­ci­a­tion of Pak­istan, Ir­fan Sheikh for the flood af­fectees. -App

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.