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  1. #8
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    ALGIERS, May 8 (KUNA) -- A visiting delegation of the Kuwait Chamber of Commerce and Industry (KCCI) will hold on Tuesday several meetings with senior Algerian officials.

    KCCI Chairman Ali Al-Ghanim, who is heading the delegation, told KUNA a meeting will be held with Algerian Parliament Speaker Abdulqader bin Saleh, Minister of Participation and Promotion of Investments Abdulhameed Tammar, and Governor of the Algerian Central Bank Mohammad Leksassi on laws and legislations to organize investments in Algeria.

    Algerian President Abdulaziz Bouteflika and Minister of Housing and Urban Development Mohammad Nadir Humaimeed received the Kuwaiti delegation on Monday.


  2. #9
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    ALGIERS, May 8 (KUNA) -- Speaker of the Algerian People's National Assembly Abdulqader bin Saleh met Tuesday with Chairman of Kuwait Chamber of Commerce and Industry Ali Thunayan Al-Ghanim and Kuwaiti Ambassador in Algiers Shamlan Al-Roumi.

    Speaking to Kuwait News Agency (KUNA) following the meeting, Al-Ghanim said the two sides exchanged views on means to activate cooperation between their countries.

    He said the meeting allowed the visiting Kuwaiti delegation a chance to better understand Algerian legislations related to investment and partnership.

    Moreover, he said talks focused on the importance of the Algerian market and noted its material and human resources.

    For his part, Saleh told KUNA the two sides discussed economic and commercial cooperation and bringing them to the level of political relations.

    The delegation had begun its visit to Algerian on May 6 and is expected to head to Casablanca, Morocco, tomorrow.


  3. #10
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    ALGIERS, May 8 (KUNA) -- Kuwaiti head of Chamber of Commerce and Industry Ali Al-Ghanim met on Tuesday with Algerian Minister of Participation and Promotion of Investments Abdelhamid Temmar.

    Al-Ghanim told KUNA after the meeting that talks were very fruitful as they attempted to grasp Algerian economic laws and Arabian Gulf investment issues in the country.

    Al-Ghanim added he was briefed during his meeting with Temmar on numerous new investment projects, along with the great desire of "our Algerian brothers to help Kuwaiti investments to the country." The head of the Chamber of Commerce and Industry described the talks as direct, noting Kuwait's strong wishes to invest in Algeria.

    However, Al-Ghanim said the problem which stands in front of such investments is that such projects are only ideas and not thoroughly studied ventures.

    For his part, Temmar praised the visit by the Kuwaiti delegation, adding that such discussions has contributed in enlighten "our Kuwaiti brothers in the positive and suitable atmosphere for such investments." Earlier, Al-Ghanim met with the Speaker of the Algerian People's National Assembly Abdulqader bin Saleh.

    The meeting gave the visiting Kuwaiti delegation a chance to better understand Algerian legislations related to investment and partnership, Al-Ghanim said.


  4. #11
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    ALGIERS, May 8 (KUNA) -- Chairman of Kuwait Finance House (KFH) Bader Al-Mukhaizeem hoped Tuesday his bank will venture into the Algerian banking sector, as well as a various investment projects.

    Speaking to Kuwait News Agency (KUNA) before departing from Algeria to Morocco, Al-Mukhaizeem stressed the importance of launching Kuwaiti investments in Algeria, adding that Kuwaiti banks were ready to consider all projects that have economic feasibility.

    All necessary Algerian economic data must be made available to Kuwaiti investors and this lack of information has delayed Kuwaiti investments in Algeria, he noted.

    Al-Mukhaizeem, who is also a board member of Union of Kuwaiti Banks (UKB), said this visit was quite a fruitful opportunity, especially as it included meeting Algerian President Abdelaziz Bouteflika, Bank of Algeria's Governor Mohammed Laksaci, as well as several other officials.

    Algeria is witnessing a great amount of liberalization to attract foreign investments and Kuwaiti businessmen have abundant expertise in investing in many countries, he noted.

    It is hoped to establish some form of economic integration as Kuwait has the capital and expertise, while Algeria has investment opportunities and development potential, he explained.

    Another visit to Algeria is needed to examine investment opportunities that would boost Algerian economy, he added.

    Al-Mukhaizeem was part of a 13-member Kuwaiti economic delegation headed by Chairman of Kuwait Chamber of Commerce and Industry Ali Al-Ghanem.

    Established in 1977 as an Islamic bank, KFH has investments exceeding USD 30 billion.


  5. #12
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    ALGIERS, May 8 (KUNA) -- A Kuwaiti official here Tuesday commended Algerian President Abdulaziz Bouteflika's support for Kuwaiti investment projects in the North African country.

    Ali Al-Ghanim, chairman of the Kuwait Chamber of Commerce and Industry (KCCI), leading a Kuwaiti economic delegation, thanked the Algerian president in an interview with Kuwait News Agency (KUNA) ahead of departure for Morocco.

    The Kuwaiti economic team's visit showed how much His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah attached attention to the further development of bilateral economic ties.

    "What has spurred us to invest in Algeria is President Bouteflika's support for Kuwaiti projects and investment in Algeria, and his efforts to push forward Kuwaiti economy in Algeria," he added.

    Al-Ghanim added that he was impressed by the Algerian leader's strong will in supporting investment projects, a will which was largely appreciated by the Kuwaiti side.

    He also lauded the visit of the Kuwaiti team as an opportunity to promote economic relations between Algeria and the State of Kuwait.

    He went on to say "We will come back here soon in order to lay the cornerstone of the first Kuwaiti-Algerian project under the supervision of President Bouteflika." This project will pave the way for developing a broader project for investment in other projects, he predicted.

    The Kuwaiti economic delegation had separate meetings with Bouteflika, Parliament Speaker Abdulqader bin Saleh, Minister of Participation and Promotion of Investments Abdulhameed Tammar, Minister of Housing and Urban Development Mohammad Nadir Humaimeed and Governor of the Algerian Central Bank Mohammad Leksassi on laws and legislations to organize investments in Algeria.

    The Kuwaiti team comprised 12 officials from the KCCI, Kuwait Industry Union, Kuwaiti Investment Group, Union of Kuwait Banks and Federation of Investment Companies and others.

    The Kuwaiti economic team has already left here for Morocco on a two-day visit for talks with senior officials there.


  6. #13
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    Après la visite d’une délégation d’hommes d’affaires :


    Le Fond de Financement Koweitien a annoncé sa décision de créer une branche en Algérie, après avoir étudié tous les aspects juridiques concernant l’obtention de l’agrément officiel du Conseil du Crédit et de la Monnaie.

    Le membre du conseil d’administration de l’Union des Banques Koweitiennes, et représentant du Fond de financement koweitien, M. Badr El Mokhaizim a indiqué lors d’une visite en Algérie, à la tête d’une délégation d’hommes d’affaires Koweitiens, que la présence des banques Koweitiennes sur le marché algérien représente actuellement une nécessité économique, pour les avantages et potentialités de développement, et le bénéfice assuré que représente ce marché.

    M. Bard El Mokhaizim a expliqué le retard des Koweitiens à venir investir en Algérie par « l’absence d’échange d’informations entre les deux parties ».

    Après la visite de cette délégation en Algérie, où elle a été reçue par le président Abdelaziz Bouteflika et par le gouverneur de la banque d’Algérie M. Laksaci, ainsi que par le Ministre des Participations et de la Promotion de Investissement, M. Hamid Tammar, il a déclaré « c’est une grande opportunité de venir investir ici, surtout que l’Algérie connaît une ouverture pour attirer les investissements étrangers ».

    Concernant les démarches opérationnelles pour l’ouverture d’une branche bancaire en Algérie, M. Mokhaizim a déclaré qu’une autre visite est programmée en Algérie pour étudier tous les aspects techniques, et pour fixer un calendrier concernant les opérations de réalisation.


  7. #14
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    Kuwait, Algeria business ties

    ALGIERS, June 17 (KUNA) -- The state of Kuwait is among top contributors to Algeria's economic, tourism, and real estate scenes, stated Kuwait's Embassy chargé d'affaires to Algiers, Ahmad Al-Jeeran, on Sunday.

    Talking to Algerian Business weekly economic magazine, the official revealed that Kuwait has offered Algeria four loans, estimated at USD 250 million, to finance oil and housing projects, indicating that the last housing project has cost USD 13 million.

    "Our country also invests in other domains," Al-Jeeran asserted, adding that Kuwait's Wataniya Telecom has invested in several telecommunication projects here in addition to establishing the Kuwaiti-Algerian Investment Fund.

    "Business-friendly laws which offer Arab and foreign investors many economic privileges are also key factors in attracting investments and capital," said Al-Jeeran, as he described the fluency of operating in Algeria.

    On chances of investments in Kuwait, the diplomat called on Arab businessmen, especially Algerians, to invest in Kuwait, citing the Gulf country's progressive economy.

    Regarding Algerians working in his country, Al-Jeeran indicated that the numbers were low due to the geographic distance between both states, affirming that the chances of bilateral investments were still on.

    He praised the role of Kuwaiti businesswomen in building the economy, saying that their Algerian counterparts were welcomed to share their experience with them.


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