Arab Today, arab today us cybersecurity trade delegation to kuwait undeterred by surveillance leaks
Last Updated : GMT 06:52:27
Arab Today, arab today
Arab Today, arab today

US cyber-security trade delegation to Kuwait undeterred by surveillance leaks

Arab Today, arab today

Arab Today, arab today US cyber-security trade delegation to Kuwait undeterred by surveillance leaks

Kuwait - KUNA

A leading US official, tasked with international trade, said he was confident that efforts to help US cyber security firms market their technology in Kuwait would not be undermined by recent internet surveillance revelations. US Undersecretary of Commerce for International Trade Francisco Sanchez was leading a delegation of 12 US companies on a cyber-security and critical infrastructure protection trade mission, for the second time in two years, to Kuwait after an earlier stop in Saudi Arabia. He described the delegation\'s meetings in Kuwait as \"great\", adding that the gatherings included \"various ministries, the oil company, (and) a utility company (Ministry of Electricity and Water).\" \"The services at hand are \"very important to the protection of sabotaging important facilities,\" like the ones he mentioned. These wide range of services are very \"valuable,\" he said, \"The demand is there and we have world-class products and services ... I haven\'t seen any lack of interest.\" The 12 companies also met with Kuwaiti businesspeople, he added. The US firms, some described as providing \"state-of-the-art technology or services in cyber security\" and one or two providing other types of security services \"not cyber-related\" - include big names like Lockheed Martin, Raytheon, DataLocker and FireEye. The US firms are seeking Kuwaiti \"agents or representatives,\" he said, \"that have expertise in cyber security,\" as they \"understand that in order to be successful in the Kuwaiti market they need to have a presence here.\" Some 42 percent of respondents from Kuwait businesses admitted they had experienced a security incident in the last 12 months, with 27 percent of incidents staff-related. Cyber-security risks within businesses have escalated with the increased use of social media by staff, said the research. Sanchez, who was handpicked by the Obama administration about a year after the President was voted into office in 2009, added that he was also in Kuwait \"to promote two-way investment - investment in Kuwait but also investment in the United States - and later this month, we will be holding the first-ever SelectUSA Investment Summit.\" The summit, which seeks to highlight the advantages the US offers as a business and investment location, will be held on October 31 and November first in Washington DC. Companies from around 60 countries will be introduced to attractive promotion and incentive packages from representatives from around 45 of the 50 United States. \"I want to see a very strong delegation from Kuwait attend the investment summit,\" he said. Currently, foreign direct investment from Kuwait into the US ranks 13th on a list of fast growing sources of investment in the US. \"We welcome investment from Kuwait,\" he said. Two-way trade with Kuwait last year was around USD 15 billion, he said, with \"Kuwait selling a lot more to the US than we sold to Kuwait.\" On the other hand, the US has had back-to-back years of record exports of USD 2.1 trillion in 2011 and USD 2.2 trillion in 2012. \"In 2010 figures suggested that about 258,000 American companies exported abroad. Three years later, that figure has risen to 300,000\" - meaning that the number of exporters has increased and that their exports have increased as well. Sanchez attributed this rise to improving productivity, \"so we\'re able to put together high-quality products at a production cost that remains competitive,\" decreasing energy costs and a recognition that \"you should compete in a global market not just within the borders of the US.\"

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 us cybersecurity trade delegation to kuwait undeterred by surveillance leaks Arab Today, arab today us cybersecurity trade delegation to kuwait undeterred by surveillance leaks

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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