Kuwait's Ministry of Public Works and the Fujairah Natural Resources Corporation signed on Wednesday a Memorandum of Understanding (MoU) to export standard specification gravel from the UAE to Kuwait. Post MoU-signing with Fujairah Corporation Director Ali Qasem, the Kuwaiti ministry's acting undersecretary Eid Al-Rashidi told KUNA that the agreement would help both sides to exchange expertize within the gravel manufacturing and transportation process, adding that it came within Kuwait's plan to improve construction material used to build roads and other infrastructures. He extended gratitude to the Kuwaiti government and the officials at Emirate of Al-Fujairah for their cooperation and the signing of this important document. The signing of the MoU was attended by officials from the Ministry of Public Works, the Fujairah Natural Resources Corporation, and the General Consul of Kuwait in Dubai and the Northern Emirates Ambassador Ali Al-Thaidhi. Source: Kuwait News Agency
Related Articles
China’s Central Bank Pumps Over $94 Billion into Banking System
China’s central bank conducted 676 billion yuan (USD 94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.
The central bank said that the move aims to offset the impacts of tax period and keep liquidity reasonable and …
Nakilat Says it Intends to Increase at Qatar Shipyard Technology Solutions by 20%
Doha: Nakilat announced today that it intends to increase its stake at Qatar Shipyard Technology Solutions by 20 percent.
In a statement released on Qatar Stock Exchange’s website today, the company said that its Joint Venture partner KSI Investments…
Saudi GDP Decreases by 1.7% Y-on-Y in Q1 2024
The Saudi General Authority for Statistics (GASTAT) revealed in its GDP and National Accounts First Quarter of 2024 report released Sunday that real GDP decreased by 1.7% year-on-year. However, seasonally adjusted real GDP grew by 1.4% compared to the…
