INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Kuwait, China keen on institutional framework

The Consul General of Kuwait in Shanghai, Mishal Al-Shamali, met Shanghai Deputy Mayor Zhong Ming.
  • The framework is needed to start implementing the agreements concluded between the two countries
  • This will help develop and strengthen bilateral ties between Kuwait and China in the upcoming years

The Consul General of Kuwait in Shanghai, Mishal Al-Shamali, said on Tuesday, September 28, that Kuwait and China need to set up a systematic institutional framework, according to official sources.

He said this was needed to start implementing the agreements concluded between the two countries.

This is expected to develop and strengthen bilateral ties between Kuwait and China in the upcoming years.

Al-Shamali said, during a meeting with Shanghai Deputy Mayor Zhong Ming, that the development of ties between both sides in all fields was explored.

New Kuwait’s 2035 vision to transform the country into a regional financial hub with the Chinese Belt and Road Initiative would create a strategic development partnership between both countries, he explained.

He presented the Shanghai Municipal Museum a Kuwaiti dhow as a symbol of Kuwait’s history and to strengthen historical ties between both sides, as this gift marking the 50th anniversary of the establishment of diplomatic ties.

Meanwhile, Zhong referred to the advanced stages of bilateral ties, as characterized by actions, not words along with efforts made by both sides.

She also commended Kuwait’s international efforts to limit the spread of Covid-19.