Search Site

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

Kuwait stresses commitment to UN financial contributions

Member of Kuwait's Permanent Delegation at the UN, Abudlaziz Al-Ajmi.
  • The remark was made by Member of Kuwait's Permanent Delegation at the UN, Abudlaziz Al-Ajmi.
  • He was speaking on Thursday, October 28, during a General Assembly debate on the UN’s financial position.

Kuwait has said it is committed to the payment of its financial contributions to the United Nations without any delay, according to a report in the country’s official news agency.

The country has also urged other members to follow suit so that the UN can do its tasks properly, said the report.

The remark was made by Member of Kuwait’s Permanent Delegation at the UN Counsellor Abudlaziz Al-Ajmi.

He was said to be speaking on Thursday, October 28, during a UN General Assembly debate on the international organization’s financial position.

“Undoubtedly, the unprecedented damage triggered by the Covid-19 pandemic to financial and health sectors, together with the world’s biggest economic shrinkage in more than 90 years, has proved that the effective performance of the multilateral system, represented by the UN, has become so indispensable,” he said.

He also underlined that the UN needs to work effectively in order to address growing challenges so that member states could recover in a sustainable manner.

The Kuwaiti diplomat regretted that the UN’s annual shortage of cash blocks it from doing its tasks.

Therefore, he maintained, the UN should be financed in an adequate and predictable way so as to fend off exceptional measures such as slow employment and austerity.

His statement comes almost concurrently as the World Health Organization urged the G20 countries to foot the $23.4-billion bill that it needs to fight the Covid-19 pandemic this year.