Home About Kuna Advertise Contact Us Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
KSE closes in green      British hostage's wife in freedom plea      Gold prices continue to fall      Kuwait donates USD 268,000 for construction of mosque in Vals      Another arrest in second White House security incident
  Economics
KIA 1st of strategic planning globally -- Gifford
22/10/2013   |   03:13 PM | Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط

By Fawaz Karami

KUWAIT, Oct 22 (KUNA) -- The Lord Mayor of London Alderman Roger Gifford, Head of London's global financial district, said Kuwait Investment Authority (KIA), the country's leading fund, is the first global sovereign wealth fund of strategic planning and success in selection of investment opportunities.
In an exclusive interview with KUNA, Lord Gifford said his two-day visit to the country was his second, during which he met with a number of Kuwaiti officials to follow up on issues of common interests, adding that it preceded end of his term as mayor.
Volume of investments owned and operated by KIA in the UK exceeds USD 100 million, said the Lord Mayor Gifford, adding that the Authority has high credibility in Britain, given that most of its investments are long-term ones.
He stated that this is a routine visit in which he discussed several investment issues and bilateral relations with a number of Kuwaiti officials, including KIA Managing Director, Bader Al-Saad.
Regarding issuance of visas for Kuwaitis seeking to visit the UK, the Lord Mayor said that during his current visit, he tackled this issue as he expected future significant progress, where Kuwaitis would be allowed to travel to Britain without visas.
There has been an improvement in the British economy, he said, expecting it to grow by two percent this year as it is doing much better than the Eurozone's economy, although the latter has recently improved as well.
The Eurozone's economy has benefited from devaluation of the common currency during the past period of time where there have been several positive economic indicators in Italy, Spain and France, in addition to Germany, which has the region's largest economy.
Meanwhile, Lord Mayor Gifford said that during his visit, he met with a number of officials from the British companies operating in Kuwait, who "saw the determination of Kuwait's government to make a reform," especially after the release of several new economic legislations.
He added that a few British healthcare, IT and education companies have signed contracts in Kuwait.
When asked about the impact of the current political events taking place in the Middle East on trade, Lord Mayor Gifford noted that they do affect the flow of investment and economic growth significantly, but the stability state of the GCC countries has contributed to attracting foreign investments. He stated "People in Europe want to see stability and solidarity in the Gulf region in order to invest." Lord Mayor Gifford said that the US will not repeat what happened at the debt-ceiling crisis that took place this month during next January and February due to their negative effects on the US and global economies.
The Lord Mayor of London said that his current visit included presenting the Mansion House Scholarship to a Kuwaiti scholar, which is the first time to happen in Kuwait.
The scholarship exists to fund scholarships for the brightest and best students and young business executives from overseas to travel the UK to study or undertake training or work experience in the Financial Services Sector. (end) fnk.ba KUNA 221513 Oct 13NNNN

 Print
  Email
 Save
Share
Share
Honoring Kuwait 2014


KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

kuna magazine


Most Read Most Emailed  
1.   EasyJet to purchase 27 current generation A320
2.   Kurdish forces say ISIL military leader killed in Ninawa
3.   Kuwait keen on increasing investment in Germany -- Al-Saleh
4.   KUNA's Chief welcomes heads of GCC news agencies to Kuwait
5.   KSE posts gains upon closing Sunday's session
6.   Kuwait's real estate activity in August muted due to seasonal lull - report
    Photo Gallery

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

The State of Kuwait Ambassador to Italy, Sheikh Ali Al-Khaled Al-Jaber Al-Sabah

Kuwaiti engineers Nasser Al-Khaldi and Ahmad Al-Saleh

the National Bank of Kuwait (NBK)

Kuwaiti Permanent Representative to the UN Office in Geneva Ambassador Jamal Al-Ghoneim

Third Secretary at the Kuwaiti Embassy in Austria and Permanent Delegate at International Organizations in Vienna Yaseen Al-Majid

Kuwaiti Minister of Finance and Chairman of the Kuwait Investment Authority (KIA) Anas Al-Saleh

His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, the Amir's Representative and the Prime Minister of the State of Kuwait durante speaking at a celebration

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

Undersecretary of the Ministry of Information Salah Al-Mubarki

Kuwait takes part in 5th World Maker Fair

Kuwait takes part in 5th World Maker Fair

Kuwait takes part in 5th World Maker Fair

Kuwait takes part in 5th World Maker Fair

His Highness the Prime Minister (of Kuwait) Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabahwith Italian President


head of the delegation and General Secretary of Arab and Kuwaiti unions Obaid Al-Osaimi

German Ambassador Eugen Wollfarth to Kuwait

Minister of State for Municipal Affairs and Minister of Communications Essa Ahmad Al-Kandari


Board Chairman and Director General of Kuwait News Agency (KUNA) Sheikh Mubarak Al-Duaij Al-Sabah

Iran's Foreign Minister Mohammad Javad Zarif

Kuwait Olympic Committee Spokesman and Secretary Obaid-Al-Enzi

Director of the Capital Educational Area Naji Al-Zamil
Publications

WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
    Calendar
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA training center
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
Banks in Kuwait
News Paper
Local Companies
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS