Al-Rifai Discusses the 'Hormuz' Crisis and Its Impact on Supply Chains
Kuwait's Finance Minister enhances economic cooperation with the UAE and supports the role of women in the Organization of Islamic Cooperation.
Translated by Qiyas from النهار — Original source
Minister of Finance, Dr. Yaqoob Al-Sayed Yousef Al-Rafai, met with the UAE Minister of Foreign Trade, Dr. Thani bin Ahmed Al Ziyoudi, to discuss the latest developments in the ongoing crisis in the Strait of Hormuz and its impact on energy supply chains. The two sides explored ways to enhance cooperation and coordination between the two countries to ensure the continuity of supplies, and reviewed possible alternatives and solutions to address related challenges.
He also met with Ms. Sara Ismail Al-Shoura, Executive Director of the Organization of Islamic Cooperation (OIC) Women Development Organization, congratulating her on her appointment and wishing her success in fulfilling her duties. He reaffirmed Kuwait’s commitment to continuing its support for OIC institutions and strengthening 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 enhancing its contributions to effectively support women’s issues and achieve tangible positive 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.
He also met with Ms. Zehra Zümrüt Selçuk, Director General of the Statistical, Economic and Social Research and Training Center for Islamic Countries (SESRIC), reaffirming Kuwait’s commitment to continuing its support for international and Islamic institutions and organizations 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 expectation to continue 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.
Notably, 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.
