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Thursday , April 25 2019

Meet to establish Arab-Medit. banking cooperation: Kuwait

FM receives letter from Brazilian counterpart

PARIS, June 28, (KUNA): The 2018 Arab Banking Summit kicked off Thursday in the French capital with conferees holding talks for two days on relations among financial and banking institutions in Arab, European and Mediterraean countries.

Discussions have already been held among the attending leaders from the banking and financial sectors, addressing prospected initiatives by the public and private sectors to bolster these bonds and open new channels for cooperation, bilateral trade and investments.

Some participants have noted that dramatic events worldwide have hampered cooperation and investments, aggravated jitters in the region, thus the necessity has emerged for close cooperation in the face of the challenges. Moreover, they underlined need for investing human resources, particularly through educating the new generations about mutual economic ties.

Meanwhile, Kuwaiti Ambassador to France Sami Al-Suleiman said in a statement to KUNA that the top-level gathering aims at establishing an Arab-Mediterranean region for financial and banking cooperation.

Al-Suleiman said Kuwait’s participation in the top-level event, themed “Medium Banking Dialogues,” reflects Kuwaiti banks’ keenness on boosting cooperation with foreign banks.


The conferees examined relations among banks and commercial institutions in Arab, European and Mediterranean countries and means for sustainable growth and prosperity in the regional states.

Relations among banks in the Mediterranean countries were addressed in seminars, held within the summit framework.

The gathering involves financial ministers, banks’ governors including Governor of the Central Bank of Kuwait Dr Mohammad Al-Hashel, plus representatives of public and private banks.

Majed Al-Ajeel, Chairman of the Kuwaiti Burgan Bank was among the participants.

The summit, organized by the Union of Arab Banks, is patronized by French President Emmanuel Macron.

In the mentime, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah received Thursday a letter from Brazil’s Minister of Foreign Affairs Aloysio Nunes.

Nunes addressed, in his letter, aspects of the Brazilian-Kuwaiti relationship and ways to boost their bilateral cooperation in all fields and on various levels.

The letter was handed to Sheikh Sabah Al-Khaled by Director of the Office of Deputy Prime Minister and Foreign Minister Ambassador Sheikh Dr Ahmad Nasser Al-Mohammad Al-Sabah.

Sheikh Dr Nasser Al-Mohammad received the letter while meeting with Brazilian Undersecretary General for Africa and the Middle East Ambassador Fernando Jose Marroni de Abreu at the ministry earlier.

During their meeting, the two sides stressed the importance of boosting their bilateral ties in all fields, and exchanged views on latest updates on regional and international issues of mutual interest.

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