Al-Hajraf Underlines Kuwait’s Active Role In AIIB 4th Meeting
Category: Business
alhajraf-underlines-kuwaits-active-role-in-aiib-4th-meeting_kuwait
Immigrate to Canada or Australia
Study In Abroad

The 2019 Asian Infrastructure Investment Bank (AIIB) annual meeting concluded Saturday in Luxembourg, with the participation of Kuwait Finance Minister Dr Nayef Al- Hajraf. Al-Hajraf, on the sideline of the two-day event, held meetings with AIIB President Jin Liqun and Vice-President Sir Danny Alexander, in which they discussed Kuwait’s contribution to the bank’s work, in addition to discussing ways to enhance cooperation between Kuwait and AIIB.

They also tackled the benefit from the expertise of Kuwaiti institutions in the field of international development. “China is the second largest economy in the world and is expected to become the first, and the bank is based in Beijing, China, and with 100 member states which refl ects the great interest and the hoped-for role of this development bank,” Al- Hajraf told KUNA following the meeting.

“Kuwait has made sure to be one of the first countries to join the AIIB, and one of the countries that have an active role and presence in the organization through its participation in the meetings, not only as a founding member, but also it brings great experience in the field of financing development projects to AIIB,” he added.

On the Kuwaiti Chinese relations, Al-Hajraf said that the brotherly countries enjoyed distinguished relations, as he praised His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah historic visit to China in June 2018, and the opening of the General Investment Authority office in Shanghai, which is the first office to be opened after the authority’s office in London in 1953. “This reflects the importance of Kuwait’s trade and investment relations with China,” Al-Hajraf said.

The AIIB fourth meeting included sessions of the Bank’s Board of Governors, which witnessed the discussion of the annual report and the joining of Benin, Djibouti and Rwanda as new bank members, as it discussed ways to invest in sustainable infrastructure projects and achieve economic integration among member states.

The theme of the two-day meeting is “Cooperation and Connectivity” in recognition of the economic and social benefits to be realized through better connectivity within and between countries and regions, including Europe and Asia. The 2019 annual meeting brings together AIIB’s governors and directors to engage with delegations from members, prospective members, partner institutions, business leaders, civil society and experts from a range of fields.

The bank was established in 2014 with 97 members from around the world and with capital of $100 billion, by investing in sustainable infrastructure and other sectors such as energy, transportation and telecommunications, urban development and logistics for countries. Kuwait’s share of the bank is 0.536 percent, of about $536 million.

15 Jul, 2019 0 80
Posted Comments
Popular News
asian-expat-leaves-kuwait-without-returning-car_kuwait
Asian Expat Leaves Kuwait Without Returning Car An Asian expatriate managed to leave the country without returning a car that he rented from a car-rental office in Ardiya more than one month ago. According to security sources, the car was found in ... August 23, 2019 0 9756 Category: Crime News
family-visa-salary-cap-increased-to-500-kd_kuwait
Family Visa Salary Cap Increased To 500 KD Interior Ministry issued a new decision which stipulates the minimum salary to obtain a Family Visa to 500 KD. Earlier the salary limit for Family visa was 450 KD. Those who are already in the fami... August 24, 2019 0 6079 Category: Kuwait
transfer-from-project-visa-18-to-private-visa-18_kuwait
Transfer From Project Visa 18 To Private Visa 18 I came to Kuwait on direct company visa (project visa No. 18). My profession is foreman and my salary is more that KD 600 per month. Having worked in this company for more than four years, is it possi... August 23, 2019 2 2389 Category: Legal
dont-chase-just-take-number-plates-of-car_kuwait
Don’t Chase, Just Take Number Plates Of Car Assistant Undersecretary for Public Security Affairs in the Ministry of Interior Major General Sheikh Faisal Al Nawaf issued a circular directing all security directorates in the six governorates to d... August 22, 2019 0 1675 Category: Crime News
liquor-factory-busted-in-abdullah-almubarak_kuwait
Liquor Factory Busted In Abdullah Al-Mubarak Kuwait Farwaniya security men uncovered local liquor factory in Abdullah Al-Mubarak area run by a Chinese man containing liquor bottles ready for sale and distillation equipment.   SOURCE :... August 21, 2019 0 1463 Category: Automotive
temperature-started-decreasing_kuwait
Temperature Started Decreasing Astronomer Dr Saleh Al-Ojairi affirmed that temperatures started decreasing day after day. According to Al-Qabas daily report, Dr Ojairi said the Suhail star will appear in the Arab Peninsula on A... August 22, 2019 0 1112 Category: Weather in Kuwait
how-many-times-an-expat-can-take-visit-visa-for-wife-and-child-in-a-year_kuwait
How Many Times An Expat Can Take Visit Visa For Wife And Child In A Year? I earn a salary of KD 430 per month. I need to know how many times I can take visit visa for my wife and child in a year? Name withheld Answer: Under current rules and regulations, when a visit ... August 24, 2019 0 798 Category: Visit Visa
qatar-has-built-asphalt-roads-kuwait-still-pondering-over-how-to-repair-the-potholes_kuwait
Qatar Has Built Asphalt Roads Kuwait Still Pondering Over How To Repair The Potholes When we say we are moving backwards while the world has reached the moon we are still the same,” this example applies to the reality of the comparison between Kuwait and Qatar in the issue of as... August 23, 2019 0 762 Category: Kuwait
saudi-woman-delivers-quintuplets-in-alahsa_kuwait
Saudi Woman Delivers Quintuplets In Al-Ahsa A Saudi woman has delivered quintuplets at the Maternity and Children Hospital in Al-Ahsa. She gave birth to three boys and two girls weighing between 2.2 and 2.6 pounds. A team of 13 maternity ... August 25, 2019 0 720 Category: International
18-year-old-shot-in-head_kuwait
18 Year Old Shot In Head A 18-year-old Citizen has been admitted to the intensive care Unit of AL-Adan Hospital with a gunshot wound in the head in Ali Sabah AL- Salem area, the suspect, 17-year-old Citizen turn has himself t... August 22, 2019 0 710 Category: Crime News
View All
Popular Offers
xcite-alghanim-electronics-weekly-offers in kuwait
X-cite Alghanim Elec...
city-centre-weekly-offers in kuwait
City Centre Weekly O...
back-to-school in kuwait
Back To School
ready-steady-and-back-to-school in kuwait
Ready, Steady And Ba...
olive-supermarket-weekly-offers in kuwait
Olive Supermarket We...
Popular Events
23 Aug, 2019
0
131
Category : Entertainment
23 Aug, 2019
0
117
Category : Education
22 Aug, 2019
0
96
Category : Entertainment
01 Sep, 2019
0
80
Category : Food & Drink
31 Aug, 2019
0
78
Category : Food & Drink
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment
Entertainment