Finance Minister meets officials to discuss enhancing economic and developmental cooperation

Finance Minister Dr. Yaqoub Al-Rafai met yesterday with the Minister of Foreign Trade of the United Arab Emirates, Dr. Thani Al-Ziyoudi. During the meeting, the latest developments of the ongoing crisis in the Strait of Hormuz and its implications for energy supply chains were discussed. Both sides explored ways to enhance cooperation and coordination between the two countries to ensure the continuity of supplies, and possible alternatives and solutions to address related challenges were reviewed.

Dr. Al-Rafai also met with the Executive Director of the Organization of Islamic Cooperation’s Standing Committee for Women’s Development in Member States, Chancellor Sara Al-Shoura. He congratulated her on assuming the role of Executive Director, wishing her success and effectiveness in carrying out her duties. He reaffirmed Kuwait’s commitment to continuing its support for OIC institutions and enhancing the Organization’s role in empowering women and supporting their participation in achieving sustainable development in member states. He called for activating the Organization’s role and strengthening its contributions to effectively support women’s issues and achieve positive, tangible impact in this field. Both sides emphasized the importance of continuing coordination and consultation and strengthening joint cooperation frameworks to serve the Organization’s objectives and support women’s empowerment efforts in member states.

Dr. Al-Rafai also met with Zehra Celik, Director General of the Statistical, Economic and Social Research and Training Center for Islamic Countries (SESRIC). He reaffirmed Kuwait’s commitment to continuing support for international and Islamic institutions to achieve tangible results and deliver projects with added value. The two sides discussed future cooperation prospects between Kuwait and the Center in the fields of research, training, and statistics.

At the conclusion of the meeting, both sides expressed their appreciation for the existing relations between Kuwait and the Center, and their anticipation of continuing cooperation in line with global economic developments and current conditions of the international economy, contributing to the development of joint programs and projects and achieving tangible results that benefit OIC member states.

It is worth noting that these meetings took place on the sidelines of Kuwait’s participation in the 42nd Ministerial Meeting of the Standing Committee for Economic and Commercial Cooperation (COMCEC), held in Istanbul, Turkey.