‘15% direct investments in Kuwait from UAE’

01/09/2024

‘15% direct investments in Kuwait from UAE’

ABU DHABI, Sept 1: Kuwait’s Ambassador to the United Arab Emirates, Jamal Al-Ghunaim, underscored Sunday the importance of the fifth edition of the joint Kuwaiti-Emirati committee meeting in boosting relations and promoting high-level coordination on bilateral, Arab, and international issues. The joint committee will be held on Monday in the capital city of Abu Dhabi and will be chaired by, on the Kuwaiti side Foreign Minister Abdullah Al- Yahya, and the Emirati side Deputy Prime Minister and Foreign Minister Sheikh Abdullah Al- Nahayan.

Ambassador Al-Ghunaim told KUNA that the meeting will examine several agreements, MoUs, and programs. The Kuwaiti Foreign Minister will also be meeting with President of the UAE Sheikh Mohammad bin Zayed Al-Nahayan, and engaging in bilateral talks with Emirati officials, he detailed. The Ambassador commended the coordination and cooperation as well as the strategic partnership between the two fraternal nations, taking note of several agreements over the past month, including an agreement on double taxation and another on exporting crude material.

Highlighting Emirati-Kuwaiti exchanged investments, the Ambassador mentioned that 15 percent of total direct investments in Kuwait come from the Emirates. Minister Al-Yahya’s visit will also include the official opening of the new Kuwaiti diplomatic mission headquarters, where he will be doing so with his Emirati counterpart, he added. (KUNA)