KFH seeks closer ties with IFAD
Bid to expand humanitarian role
ROME, May 25, (KUNA): A delegation from Kuwait Finance House (KFH) examined on Thursday strategies to prop up the International Fund for Agricultural Development (IFAD) projects in many of the world’s most developing nations, seeking to expand the KFH humanitarian role.
Speaking to KUNA, KFH’s Assistant Director for Research and Fatwa Abdulrahman Al-Maatouq said that the delegation held -two-day crucial discussions with IFAD officials over ways to deepen cooperation between both sides.
He added that the visit was part of KFH’s efforts to reach out to international humanitarian organizations affiliated with the UN.
Al-Maatouq noted that the KFH contingent were acquainted with some of the agency’s projects, all of which aim to rid the world of penury, saying that he was impressed with IFAD’s commitment and dedication. The KFH official also spoke of the Islamic bank’s eagerness to work with the IFAD, which is only apropos given Kuwait’s penchant for philanthropy.
The delegation reviewed opportunities of cooperation in development projects in Palestine, the Sudan, Turkey, Pakistan, Indonesia and the Central African Republic (CAR), he said. Some of these will be studied to see how the KFH could contribute to implementing them.
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KUWAIT CITY: The Kuwait Petroleum Corporation (KPC) on Thursday rejected social media reports that a ship went “out of control at the Shuwaikh Port berth.” A video
circulated on the social media is on an incident that took place at the Port of Santo Domingo in the Dominican Republic, the KPC said in a statement.
Meanwhile, the statement noted that the Shuwaikh Port had suspended traffic due to
bad weather.
The KPC called for verification, checking accuracy and adhering to credibility before publishing news related to the corporation to avoid any negative impact on the country’s trade reputation.
The KPC is a top vital and strategic institution, considered as Kuwait’s “trade and economic artery”, and it contributes up to 80 percent of the state’s trade, the statement stressed.