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World Islamic Economic Forum Applauded by Kuwaiti Economists

Two Kuwaiti economists noted Wednesday the importance of the Fourth World Islamic Economic Forum (WIEF) and the high-level participation.

Director of Kuwait Chamber for Commerce and Industry Ahmad Al-Haroun told KUNA that Kuwait had the capabilities to organize such an event, adding that there were many projects that the country hoped to implement using oil revenues.

He added that economic laws that were recently passed would offer greater opportunities for foreign investors, hoping that foreign taxation would be reduced from the current 15 percent in order to attract more foreign capital.
On his part, Secretary General of Kuwait Banks Union Yousef Al-Jassem told KUNA that the hosting of this forum by Kuwait was a step toward achieving His Highness the Amir's vision for transforming the country into a regional financial and commercial center.

He added that Kuwait hoped to bring Islamic economic institutions closer together and to push for cooperation by raising investment and commercial trade. end post

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