Kuwaiti-Qatari trade volume touches $360 million in 2017
‘Significant growth by 100 percent’
KUWAIT CITY, Oct 15, (KUNA): The volume of trade between Kuwait and Qatar has surged to $360 million in 2017, a significant growth by 100 percent, compared to $173 million in 2016, Kuwait Chamber of Commerce and Industry announced Monday.
Meanwhile, KCCI mentioned, in a press statement, its hosting earlier of the Qatari-Kuwaiti Business Forum, which is organized by Qatar Development Bank in partnership with Ernst and Young Global Limited.
The two-day event is part of preparing a study on the Kuwaiti market to evaluate commercial opportunities available in vital industries such as plastic, aluminum, iron, medicine, food, oil, and gas, it said.
KCCI’s board member Wafa Al-Qatami represented the Kuwaiti side at the forum, while the Qatari side was represented by Hassan Al-Mansouri, Executive Director of Qatar Export Development Agency “Tasdeer”, added the statement.
Al-Qatami, also head of KCCI’s financial and investment committee, said the event tends to enhance investment and commercial ties between Kuwait and Qatar, noting the Kuwaiti business sector closely follows, with pride and appreciation, the Qatari economy and its successes in establishing solid and advanced economic foundation through best use of the country’s natural resources, geographic location, and modern infrastructure.
The Qatari business sector is very familiar with the core components of the Kuwaiti economy, especially after the recent amendments in economic legislations and laws, she said, adding such amendments contributed in improving business and making it more attractive to foreign capitals in Kuwait.
For his part, Al-Mansouri noted that the comprehensive study on the Kuwaiti market, conducted by QDB, focused on the private sector’s products by Qatari small and mediumsized enterprises, adding around 38 products have been evaluated and founded to have attractive exporting qualities and ability to compete in the Kuwaiti market.
Public Authority for Disabled Affairs (PADA) has submitted a letter to the Ministry of Social Affairs and Labor regarding its mission to manage the health center affiliated to Social Care Department, indicating it will start cutting down the number of medical crew and nurses working at the center prelude to the decision to discontinue services provided to patients within few months, reports Al-Qabas daily.
The daily quoting sources added PADA, in an attempt to avoid providing inadequate services to patients on account of recent decisions, seeks the permission of the Ministry of Social Affairs and Labor to provide medical training to employees of the center to cater for patients instead of the medical crew.
Sources said senior officials of the Ministry of Social Affairs and Labor, in addition to employees of the medical center have dismissed the intention of PADA to train them to do medical jobs, insisting it is not part of their specializations and could cause harm to patients.