Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI

Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer.
  • Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals
  • On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow

Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer stated Wednesday that Kuwait and Saudi Arabia have great potential to develop trade and investment cooperation.

During a meeting with Saudi Ambassador to Kuwait Prince Sultan bin Saad Al-Saud, Al-Saqer praised the “brotherly relations” between the two countries, adding that more efforts should be made to achieve the desired economic goals.

Al-Saqer referred to the Kuwaiti-Saudi Economic Forum, which was held on the sidelines of the Crown Prince, Deputy Prime Minister and Minister of Defense Mohammad bin Salmanآ’s vist to Kuwait last December, stressing that the forum achieved great success as several partnership agreements were signed between Kuwaiti and Saudi companies.

On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow. 

Prince Sultan expressed gratitude to the Chamber for its important role in developing the bilateral trade relations between the two countries. He referred to the efforts made by the Kingdom to facilitate entry into the Saudi market to attract Gulf and foreign investors. .