Kuwait vows continuing support for Egypt

KUWAIT, Oct 24 (KUNA) -- The State of Kuwait on Monday affirmed that bonds between the GCC countries and the Arab Republic of Egypt have been solid, noting that support for the nation particularly at the economic level would continue.
The GCC states' relations with Egypt have been strong and solid, said Deputy Minister of Foreign Affairs Khaled Al-Jarallah as he emerged from opening session of a meeting held by a panel on preventing the funding of the so-called Islamic State (IS) -- under umbrella of the Global Coalition Against the IS.
On record fall of the Egyptian pound value, Al-Jarallah said the Egyptian currency rating "is determined by the market and Egypt's economic conditions." He affirmed that Kuwait, along with the other GCC member states, would continue backing Egypt's economy, its security and stability.
He denied reports about a "crisis" in Egypt's ties with the GCC countries indicating that such allegations are merely ink on paper.
In further statements to journalists after the inauguration session, Al-Jarallah affirmed that Kuwait is fully prepared to cope with any eventualities emanating from the battle for control of the northern Iraqi city of Mosul.
Asked whether there are any concerns that the IS militants might move to southern Iraq and to locations close to the borders with Kuwait, Al-Jarallah said: "we ought to expect anything from this terrorist organization." He reiterated full support for the Iraqi Government in its battle to retake Mosul and congratulated the Iraqis on their victories on the field.
Al-Jarallah indicated that Kuwait was maintaining its armament policy, securing weapons from strategic allies, namely the United States of America.
First Deputy Prime and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah has said that Kuwait's military procurements from the US exceeded USD 25 billion and has affirmed that the sides have been negotiating on further deals, worth USD 11 billion.
Al-Jarallah noted that Kuwait had enacted laws intended to dry up financial resources of the terrorist organizations and has made headways in monitoring charitable donations. (pickup previous) hrz.nma.rk