Download Australian ambassador praises KRCS charities

8
Local
FRIDAY, AUGUST 14, 2015
NEW DELHI: Delegates pose for a photo during the farewell party for Kuwait’s Ambassador to India Sami Mohammad Al Suleiman. — KUNA
India gives grand farewell party to Kuwaiti ambassador
Suleiman grew relations between the countries
NEW DELHI: Indian External Affairs Ministry
appreciated the decisive role Kuwait’s
Ambassador to India Sami Mohammad Al
Suleiman played to strengthen bilateral relations between the two countries. In his honor,
the Indian External Affairs Ministry organized a
farewell program in New Delhi with the participation of officials from the Indian government
and the ambassadors from the Gulf and the
Arab League countries.
Speaking on the occasion, Secretary (east) in
the Ministry of External Affairs Anil Wadhwa
expressed gratitude on behalf of the Indian
government and the Ministry of External Affairs.
He appreciated Ambassador Sami Al Suleiman
for his relentless efforts to deepen India-Kuwait
bilateral relations.
Wadhwa pointed out to the strong ties
between the two countries and the contribution of the ambassador in realizing the high level state visit of Prime Minister Sheikh Jaber AlMubarak Al-Hamad Al-Sabah in 2013 and a
number of high level bilateral agreements
signed between the two sides.
On his part, Al Suleiman expressed his heartfelt gratitude for organizing the grand farewell
party and thanked the high level participants
from the Indian Ministry of External Affairs and
the Arab Ambassadors. Ambassador Al
Suleiman expressed his pleasure in serving his
beloved country Kuwait for the past six years
which saw the bilateral ties grow and deepen.
The Ambassador added that the historical,
long and multi-dimensional relations between
the two countries have turned it into a strategic
partnership. Al Suleiman appreciated the
achievements during the last few years including the high-level state visit of Prime Minister in
2013 and a number of other visits that followed
reciprocated by a number of visits by Indian
officials. He also pointed out to a number of
agreements signed between the two sides to
deepen bilateral ties.
The Ambassador further said that India has
occupied the position of strategic partner in the
economic and trade relations as the bilateral
trade increased from USD 12 billion in 2009 to
USD 17.250 billion in the current year. India has
become the second largest importer of Kuwaiti
oil products while Kuwait is considered fourth
largest crude supplier to India. There is constant
cooperation between the two friendly countries through the hydrocarbon cooperation
committee.
The Ambassador also appreciated the role
played by Indian expatriates working in Kuwait.
He concluded by expressing his heart felt gratitude for the care, acceptance and the reception
that Indians have always shown both at the
individual and official levels. — KUNA
Financial statements by
firms liven up trading
KUWAIT: Trading at Kuwait Stock
Exchange throughout the week exhibited a tangible robustness as a cascade
of firms started pouring out their
midyear financial statements, said two
stock market watchers yesterday, the
last day of trading for this week.
What really dominated the market
momentum this week was speculative
trading and profit-taking in addition to
a limited but lively buying of some
blue chip stocks, namely those from
the banking, services, and real estate
sectors, said the two market pundits.
A large number of companies succeeded in mitigating their previous
losses especially those whose shares
were valued below 100 Fils, said market watcher and director of Mena consulting co Adnan Al-Dulaimi. He said
the rush among traders to buy cheaply-priced stocks had been the feature
of last week’s trading activity and
apparently it spilled over into this
week’s as well. As companies tumble
out their midyear financial standings, a
noticeable feature this week has been
the tendency among investors to buy
selective blue chip stocks, he said.
Virtually dormant stocks with rockbottom prices got a second wind this
week as many traders deemed them a
good buy for now, said market watcher Mohammad Al-Tarrah, head of a
trading group, in similar remarks to
KUNA. He however bemoaned the
continuing reduction of liquidity in the
market, which started from the beginning of the third quarter. Trading
today ended on a mixed board as the
weighted index lost 2.27 points reaching 418.07 points, the price index
gained 15.52 points reaching 6,301.12
points and the KSX 15 lost 10.82 points
reaching 1,002.21. The number of
trades was 3,934 with a value of KD
15,605,501.292 and a volume of
201,441,787 shares. — KUNA
KUWAIT: KRCS’s Chairman Dr Hilal Al-Sayer during the meeting with Australian
Ambassador to Kuwait Warren Hauck. — KUNA
Australian ambassador
praises KRCS charities
KUWAIT: Australian Ambassador to Kuwait
Warren Hauck has praised the humanitarian
efforts of Kuwait Red Crescent Society (KRCS)
all over the world. Hauck in a press statement
expressed his appreciation for the society’s
role in aiding those affected by natural disasters, after his meeting with KRCS’s Chairman
Dr Hilal Al-Sayer yesterday. The Ambassador
also noted that he had learned of the society’s
humanitarian programs currently executed in
Iraq, Yemen, Somalia, Indonesia and the
Philippines, as well as aiding Syrian refugees
in Jordan and Lebanon. Hauck added he discussed with Dr Al-Sayer means of developing
humanitarian cooperation between Australia
and Kuwait. — KUNA