Al-Rifai discusses the impact of the 'Hormuz crisis' on energy supply chains
Kuwaiti Finance Minister Yaqoub Al-Rifai discussed with UAE and OIC officials ways to enhance economic cooperation and address energy supply chain challenges in the Strait of Hormuz, as well as supporting the role of women and OIC institutions.
Translated by Qiyas from القبس — Original source
Finance Minister Dr. Yaqoub Al-Rafai met with the United Arab Emirates’ Minister of Foreign Trade, Dr. Thani bin Ahmed Al Ziyoudi. During the meeting, they discussed the latest developments of the current 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 challenges related to this issue.
Dr. Al-Rafai also met with Ms. Sarah Ismail Al-Shorai, Executive Director of the Organization for the Development of Women in the Member States of the Organization of Islamic Cooperation (OIC). He congratulated her on assuming the role of Executive Director, wished her success in carrying out her duties, and 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, which would 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.
The minister also met with Zehra Zümrüt Selçuk, Director General of the Statistical, Economic and Social Research and Training Center for Islamic Countries (SESRIC). He reaffirmed Kuwait’s commitment to continuing its 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 the current conditions of the international economy, thereby contributing to the development of joint programs and projects and achieving tangible results that benefit the member states of the OIC.
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.
