Kuwait, Egypt Sign 8 Co-op MoUs, Executive Programs
Category: Business
kuwait,-egypt-sign-8-co-op-mous,-executive-programs_kuwait

Capitalizing on their strong and historical political relations, Kuwait and Egypt have signed several memos of understanding (MoUs) and executive programs to boost cooperation in various domains.

The pacts were signed Tuesday in Kuwait at the conclusion of the twelfth session of the Higher Kuwaiti-Egyptian committee which was co-chaired by Kuwait’s Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah and Egyptian Foreign Minister Sameh Shoukry and was attended by representatives of 42 public and private bodies from both countries. Among the inked agreements are a memo of understanding for enhancing security cooperation and another memo for linking their electronic labor systems.

They also included six executive programs for cooperation in the coming two years in the following realms: labor, culture, education, higher education and scientific research, official media, and sports. The new package of agreements takes the number of cooperation agreements, MoUs and programs signed between the two countries since 1963 up to 148, said Sheikh Sabah Al-Khaled in a press statement. He also noted that the Kuwait Fund for Arab Economic Development (KFAED) had financed 48 key projects in various sectors in Egypt.

Sheikh Sabah Al-Khaled pointed out that the Kuwaiti investments in Egypt had blossomed to $15 billion in the past few years. He estimated the number of Kuwaiti companies and firms operating in Egypt at 1,227. Moreover, the volume of trade exchange had also ballooned in past four years to $3 billion, he boasted. The Kuwaiti top diplomat unveiled that there were over 100,000 Kuwaitis visit Egypt every year and nearly 64 regular weekly fights between the two countries. He shed lights on the contributions of the Egyptian labor and professionals in Kuwait

Efforts
He reiterated commitment to exert more efforts to cement cooperation in all economic and development sectors and to push bilateral relations to brighter future that meets the aspirations of the leaders and peoples of the two nations.

Sheikh Sabah Al-Khaled commended the great development and construction contributions of approximately 700,000 Egyptians working in different public and private sectors in Kuwait. In this regard, he recalled with appreciation the historic, enlightenment role of the Egyptian educational missions – which came to Kuwait in coincidence with the start of the modernization and the development process – and their remarkable role in building a scientific base in the country.

Sheikh Sabah Al-Khaled underlined the importance of synergy to counter the growing challenges and rapid changes in the region. For his part, Egyptian Foreign Minister Sameh Shoukry lauded the deeply-rooted relations between the two sisterly countries. He expressed admiration of Kuwait’s wise foreign policy and its distinguished relations with all regional and world countries.

Kuwait had adopted moderation, reasoning and rationalism in handling regional and international crises, he noted, expressing his belief in these noble principles and values. He hoped the higher committee would help take joint cooperation to new height and urged business people and economic actors to work out a mutually-beneficial comprehensive and strategic partnership to ameliorate economic and trade cooperation. He stressed the need to increase trade exchange to live up to the strong political relations. He concluded that Egypt was looking forwards to hosting the coming meeting of the higher committee in Cairo next year.

Leadership
Meanwhile, the Egyptians, at official and popular levels, highly appreciate the Kuwaiti leadership and people for their support, the North African Arab country’s Foreign Minister Sameh Shoukry said Tuesday. “We will not forget the support of Kuwait and its Amir for the Egyptian people during hardtimes,” Shoukry told a news conference in Kuwait. He said he met with His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and exchanged views over Arab and international issues of mutual interest, specially that Kuwait represented the Arab group in the UN Security Council.

Kuwait and Egypt’s points of view over conflicts in the region were identical, he said. Shoukry cited a number of cooperation agreements, like in security, education and manpower during the joint committee meeting, said he conveyed a letter to His Highness the Amir from Egyptian President Abdulfatah El-Sisi over regional developments.

The letter, he said, included an invitation to His Highness the Amir to visit Egypt. Shoukry, meanwhile, said Kuwait was keeping Egypt updated with the issues on the UNSC agenda, specially regarding Arab and African matters.

 

SOURCE : ARABTIMES

06 Dec, 2018 0 114
Posted Comments
Popular News
crime-news-filipina-domestic-losses-life-in-kuwait-following-alleged-bad-treatment-of-employer-cucumber-was-also-found-inside-her-private-part_kuwait
Filipina Domestic Losses Life In Kuwait Following Alleged Bad Treatment Of Employer, Cucumber Was Also Found Inside Her Private Part KUWAIT CITY, May 16: Officials in the Philippines have called on the Kuwaiti government to investigate the apparent murder of a Filipino domestic worker, who was allegedly beaten to death and sexually... May 17, 2019 0 36926 Category: Crime News
international-saudi-shoots-down-2-missiles-heading-towards--jeddah--makkah-_kuwait
SAUDI SHOOTS DOWN 2 MISSILES HEADING TOWARDS JEDDAH & MAKKAH Saudi Arabia's air defense forces shoots down two missiles heading towards Makkah and Jeddah fired by Iran backed Houthis in Yemen as per the report of Al Arabiya news. The report said the ball... May 21, 2019 0 16069 Category: International
kuwait-possibilities-of-war-in-the-region-are-high--precautionary-measures-in-kuwait_kuwait
Possibilities Of War In The Region Are High - Precautionary Measures In Kuwait KUWAIT CITY, May 16: Recent developments have been alarming and the government thinks the possibility of war in the region is high, taking into consideration the Amiri instructions for the leadership ... May 17, 2019 0 6212 Category: Kuwait
kuwait-49-evacuation-shelters-have-been-allocated-in-various-schools-in-the-six-educational-districts_kuwait
49 Evacuation Shelters Have Been Allocated In Various Schools In The Six Educational Districts A total of 49 evacuation shelters have been allocated in various schools in the six educational districts, reports Al-Rai daily quoting sources. Sources confirmed these shelters have been provided ... May 20, 2019 0 3514 Category: Kuwait
international-soheil-was-sentenced-to-death-for-his-facebook-post-against-prophet-muhammad_kuwait
Soheil Was Sentenced To Death For His Facebook Post Against Prophet Muhammad Soheil Arabi, a thirty-year-old man was sentenced to death by Iran's Supreme Court in crime for his Facebook posts that were linked to his profile. These posts were deemed to insult The Holy Proph... May 18, 2019 0 3469 Category: International
filipinos-total-deployment-ban-sa-kuwait-hirit-ng-ilang-ofws-sa_kuwait
Total Deployment Ban Sa Kuwait, Hirit Ng Ilang OFWs Sa Hinihiling ng ilang overseas Filipino workers (OFW) sa pamahalaan na magpatupad ng total deployment ban sa bansang Kuwait dahil patuloy pa rin daw ang pagpatay at pagmamaltrato ng mga among Kuwaiti sa... May 18, 2019 0 3248 Category: Filipinos
crime-news-young-vip-kuwaiti-attacked-by-an-indian_kuwait
Young VIP Kuwaiti Attacked By An Indian A 20-yearold Kuwaiti (VIP) living in Messilah and working for the Ministry of Defense has filed a complaint with the police accusing an Indian accompanied by a compatriot believed to be in his 60s of ... May 16, 2019 0 3224 Category: Crime News
kuwait-state-security-vigilant-to-face-repercussions-of-the-current-regional-situation--expats-can-leave-the-country-any-time_kuwait
Expats Can Leave The Country Any Time National security is stable and the Interior Ministry units, especially the State security system, are vigilant and ready to face repercussions of the current regional situation, reports Al-Anba daily... May 20, 2019 0 3076 Category: Kuwait
kuwait-kuwait-emir-sheikh-sabah-al-ahmad-al-jaber-al-sabah-calls-army-to-prepare-for-regional-developments_kuwait
Kuwait Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah Calls Army To Prepare For Regional Developments Kuwait’s Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah on Monday evening called on the country’s armed forces to take the highest level of caution amid the “dangerous developments&rdq... May 18, 2019 0 2912 Category: Kuwait
kuwait-huge-crowd-at-paci-office--expats-paying-for-mistakes-of-employees_kuwait
Huge Crowd At PACI Office – Expats Paying For Mistakes Of Employees In contrast to the desired objective of the decision to cancel the residence sticker on the passport which was implemented March 10, 2019, it appears the decision has failed to eliminate bureaucracy a... May 16, 2019 0 1284 Category: Kuwait
View All
Popular Offers
850-fils-and-1-kd-offers in kuwait
850 Fils And 1 Kd Of...
ramadan-kareem-4 in kuwait
Ramadan Kareem 4
ramadan-kareem-offers in kuwait
Ramadan Kareem Offer...
the-sultan-center-offers-13 in kuwait
The Sultan Center Of...
ramadan-special-offers- in kuwait
Ramadan Special Offe...
Popular Events
04 Jun, 2019
0
119
Category : Other
04 Jun, 2019
0
104
Category : Other
04 Jun, 2019
0
98
Category : Other
17 May, 2019
0
96
Category : Music
20 May, 2019
0
75
Category : Food & Drink
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment
Entertainment