Arab Today, arab today kuwait iran ready for stronger economic trade ties
Last Updated : GMT 18:01:58
Arab Today, arab today
Arab Today, arab today

Kuwait, Iran ready for stronger economic, trade ties

Arab Today, arab today

Arab Today, arab today Kuwait, Iran ready for stronger economic, trade ties

Kuwait Chamber of Commerce and Industry (KCCI)
Kuwait - KUNA

Kuwait and Iran are eager to enhance their bilateral economic and trade ties that have already been steadily progressing. Exchange of officials' visits between the two friendly countries seek promotion of these relations.
Iran's Minister of Economic Affairs and Finance Ali Tayebnia is due here on Tuesday on an official visit leading a high ranking economic delegation, apparently to explore fresh prospects for bolstering bilateral ties, and to follow up implementation of agreements signed between both states.
The delegation will visit the Kuwait Chamber of Commerce and Industry (KCCI) where they will review investment opportunities available at home.
Several economic cooperation pacts were signed during officials' visits over the past years.
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's visit to Iran last year marked a turning point in these ties, opening up fresh prospects for further future cooperation.
Up to six agreements were signed during the historical visit, covering economy, tourism, air transport, customs and trade exchange. Streamlining the flow of trade was a chief target.
However, officials in the two countries still regard ties as below expectations, regarding the enormous potential in the two neighbors.
The two countries are hard at work to increase trade exchange which is below their expectations, Kuwait's Deputy Prime Minister and Minister of Commerce and Industry Abdulmohsen Al-Madaj said after signing the six pacts.
Then, Al-Madaj revealed that a major Kuwaiti private steel company operating in Tehran had signed an agreement with the Iranian Ministry of Industry to provide Kuwait with steel, a prominent step for bilateral industrial cooperation.
According to data by Central Statistics Bureau, Kuwait's non-petroleum exports to Iran during Q3 hit KD 5.3 million, a rise of 4.1 percent than the same period in 2013. Thus, the Islamic Republic ranked 14th biggest importer from Kuwait.
Kuwait's imports from Iran over the same period reached KD 22.8 million.
In 2007, Kuwait and Iran signed an agreement for encouraging and protecting investments, with the aim of creating favorable climate for fostering economic relations.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait iran ready for stronger economic trade ties Arab Today, arab today kuwait iran ready for stronger economic trade ties

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high

GMT 02:31 2017 Wednesday ,22 February

Arms deals worth over AED6.9 bn sealed on day two of IDEX

GMT 02:21 2017 Wednesday ,22 February

Putin urges Russian nuclear weapons boost

GMT 21:14 2017 Tuesday ,21 February

Tatas will lead, not follow
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday