Finance’ keen on strengthening commercial & economic growth
(7/18/2018 7:04:00 AM)
Minister of Finance Nayef Al-Hajraf on Tuesday affirmed Kuwait’s keenness on strengthening its commercial and economic ties on a global scale. “Customs are an asset to enhancing the general budget of the country, and play a vital role in developing services and business environments,” said Al-Hajraf in a statement. His remarks came amid a tour in Shuwaikh Port to check on latest updates in the control room of the new structural projects of the Kuwait General Administration of Customs.
“It’s a well-appreciated effort, and they (Administration) have our full support to achieve that vision (His Highness the Amir’s to turn Kuwait into an international financial hub),” Al-Hajraf noted. Th e minister assured the significance of the Kuwaiti human element in the Administration, and for the entity to fulfil its duties in various positions, saying “they are of the most integral and long-term investment,” especially since the quantum leap the Administration have made in enabling companies to pay customary taxes online.
In another development, Kuwait’s Livestock Transport and Trading Company (Al-Mawashi) has managed to transform carcasses into organic crop enhancers as an environmental preservation measure, its chief executive said on Tuesday.
In a shared endeavor with Kuwait Foundation for the Advancement of Sciences, Al- Mawashi set the project, which deals with converting animal remains into fertilizers, in motion at the tail end of 2016, the company’s CEO Osama Boodai said in a statement.
Two years aft er it took up the unorthodox technique, he said that it has already contributed towards a decline in the percentage of cattle deaths by 0.19 percent last year.
On what Boodai described as a “less expensive and time consuming” approach, he revealed that the process to convert animal remains into fertilizer takes only 17 days, making it much less hassle than more conventional methods that typically last for months.
Al-Mawashi is the Gulf region’s oldest livestock trade firm, having been a top importer of sheep for decades. Meanwhile, Kuwait Airways, the national carrier of Kuwait, said Monday it would operate a new route to the Italian city of Milan as of Oct 29.
Th e airline will operate this route three times a week: Monday, Th ursday and Saturday, Kuwait Airways said in a press statement. Th e move aims at boosting the number of the national carrier’s destinations, and to buttress its strategic vision, according to the statement. Established in 1953, Kuwait Airways is one of the oldest airlines in the Arabian Gulf region. It covers more than 40 destinations across the world.