SUBSCRIPTION WEDNESDAY, AUGUST 24, 2016 THULQADA 21, 1437 AH www.kuwaittimes.net Private lives Will Syria Australian Triumphant are exposed gas attacks unearths Brits return as WikiLeaks probe nail ‘beast’ of home in spills secrets7 Assad regime?8 a28 truffle gold-nosed20 jet Iraqi PM hails ‘distinguished’, Min 26º Max 46º ‘exemplary’ ties with Kuwait High Tide 02:21 & 14:42 Low Tide Iraqi FM: Kuwait has gained Gulf, Arab, global clout 09:11 & 21:05 40 PAGES NO: 16972 150 FILS Al-Safat Investment Co returns to profits KUWAIT: Al-Safat Investment Company held its ordinary General Assembly yesterday to approve its balance-sheet for the year ending Dec 31, 2015 and elect a new board of directors for the next three years. Chairman of the Board Abdullah Hamad Al-Terkait presided over the meeting and welcomed shareholders and attendees. The chairman said Al- Safat Investment Co, despite the difficulties and challenges it faced, witnessed several devel- opments in 2015, result- ing in becoming prof- itable after several years BAGHDAD: Iraqi Prime Minister Dr Haidar Al-Abadi meets a delegation of Kuwaiti journalists. —KUNA of losses, apart from the Abdullah Hamad growth of the company BAGHDAD: Iraqi Prime Minister Dr Haidar Al-Abadi region cannot be developed without cooperation and killing and terrorizing citizens that are fed by sectarian Al-Terkait as well as its revenues, praised deep-rooted Iraqi-Kuwaiti relations, describing overcoming the divisions of the past, and “we ought to polarizations, adding that “we are achieving victories and its success in bringing down its general and them as “distinguished and exemplary” and expressing resolve these problems and work on developing our over them and are able to liberate our lands from them”. administrative expenses. his pride in these relations. Abadi said during a meeting relations in other areas of cooperation and to keep Abadi pointed out that the so-called Islamic State (IS) or Profit for the financial year ending Dec 2015 was Monday night with a delegation of Kuwaiti journalists, small differences aside”. ‘Daesh’ is a threat posed against all countries in the world, KD 1,875,021, which is equivalent to 7.31 fils per which is on a visit to the Iraqi capital, that relations “We look at our differences with Kuwait through the so the help of the international community is needed in share. Total company assets as of Dec 31, 2015 between the two countries have moved from the status framework of brotherhood and cooperation,” Abadi order to eliminate such a threat. He said many of those reached KD 58.9 million. Shareholders’ equity of litigation because of the former regime’s policy, to said, adding that resolution of many of the disputes is who are fighting with terrorist groups in Iraq come from reached KD 33.0 million as the book value of a share understanding, harmony and fraternal relations hindered by red tape at state institutions. He said that abroad, “and we are now indulged in fierce fighting with reached 128.2 fils. Total company debt as of Dec 31, between the two neighboring countries, and “our gov- Iraq had gone through a transitional stage after the col- terror and we are closer to achieving the final victory 2015 stood at KD 25.2 million. (See Page 21) ernment looks forward to further cooperation”. lapse of the state in 2003 and now it is exposed to through Mosul and the Syrian border operations.” He said the vision of the Iraqi government is that the abnormal terrorist attacks from gangs boasting of Continued on Page 2 WEDNESDAY, AUGUST 24, 2016 LOCAL KFAED signs $138 million deal with Bahrain MANAMA: The Kuwait Fund for Arab growth of the Bahraini economy. Economic Development (KFAED) A sum of $106 million will be used signed yesterday a $138 million agree- to develop a housing project in ment with the Bahraini government to Bahrain, said the KFAED top official. fund development projects in the GCC The fund previously provided $890 mil- country. Deputy Director General of lion in 2013 to develop projects in KFAED Hamad Al-Omar, who signed Bahrain. The total sum of agreements the agreement with Bahrain Minister signed with Bahrain in the develop- of Finance Sheikh Ahmad bin ment domain had reached $996 mil- Mohammad Al-Khalifa, said that a lion. The estimated amount of Bahrain’s sum of $32 million will be used to ambitious development project is at develop infrastructure at the Salman $4.6 billion with KFAED contributing to industrial city, a key project for the about 21 percent. —KUNA KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Sabah meets with Dr Mohammad Al-Rashidi. —Amiri Diwan photos meets with Dr Mohammad Al-Mukaimi. MANAMA: Deputy Director General of KFAED Hamad Al-Omar (left) and Bahrain’s Minister of Finance Sheikh Ahmad bin Mohammad Al-Khalifa are pictured during the signing ceremony. —KUNA legislation catalyst for anti-corruption efforts VIENNA: Kuwait yesterday underscored that progress in Kuwait’s efforts to fight corruption anti-corruption efforts will only come to fruition and money laundering, adding that the country when propped up by legislative action and has formed independent and national authori- measures that ensure integrity and transparen- ties tasked with stifling the spread of corruption. cy when dealing with public funds. Member of Speaking on measures taken by Kuwait to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Kuwait’s Public Anti-Corruption Authority prevent corruption, Rashid said that the country meets with Dr Fahad Sulaiman Al-Sanafi. meets with Dr Khalid Al-Ajmi. (PACA) Salah Al-Rashid made those remarks at has introduced a slew of laws aimed at protect- the Seventh Intersessional Meeting of the ing national institutions from the ill effects of Open-ended Intergovernmental Working corruption, as he espoused the merits of such Group on Prevention of Corruption, part of the virtues as transparency and integrity. He also Amir receives academicians Conference of States Parties to the United spoke of Kuwait’s cognizance of the importance KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah was presented yesterday with a PhD thesis on public health by Nations (UN) Convention against Corruption, of implementing the “Marrakech Declaration on Dr Mohammad Al-Rashidi. His Highness was also presented with a PhD thesis on marine geochemistry by Dr Mohammad Al-Mukaimi, held in the Austrian capital, Vienna. the Prevention of Corruption,” saying that the Moreover, Rashid noted that legislative country has spared no effort to rid society of any another on marine physics by Dr Fahad Sulaiman Al-Sanafi and one on statistics by Dr Khalid Al-Ajmi. —KUNA development was instrumental to palpable modicum of corruption. —KUNA Iraqi Foreign Minister Ibrahim Al-Jaafari meets with a delegation representing the Kuwait Journalists Association. Iraqi PM hails ‘distinguished’, ‘exemplary’ ties with Kuwait Continued from Page 1 ture”. On the issue of foreign control of Iraqi are always the focus of pride for all Iraqis. He political, economic, cultural and other aspects. noticed by everyone as security has decisions from outside, the premier said that pointed to the great support provided by HH improved a bit. The premier said that “with Syria, we want there is no state that is immune from outside the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- Corruption He added that the real infrastructure of to deal with state institutions rather than influence, noting that each country has inter- Sabah for Iraq and his announcement during Jaafari said Iraq is suffering from adminis- national security and economy is the culture, armed groups to control the borders”, pointing ests beyond its borders and “we try to main- the 27th Arab summit hosted in the trative corruption, bureaucracy and adminis- saying that everything in the community, out that any partition of Syria is a serious mat- tain these interests to our advantage.” Mauritanian capital Nouakchott about trative monotony, which drive investors away whether good or bad, reflects on the culture ter and “it will be a tragedy and another chal- Kuwait’s intention to hold a donors conference despite the presence of very large investment of the country, stressing that Iraqis do not lenge for us.” New page for Mosul. opportunities in Iraq following a series of wars, have the culture of division or separation, He said the real problem in the liberation of Meanwhile, Iraqi Foreign Minister Ibrahim He said Iraq will not forget those who stood stressing that Iraq possesses abundant oil, adding that all partition attempts would be Mosul is the humanitarian aspect due to the Al-Jaafari said Kuwait has gained Gulf, Arab with it and helped it in these special circum- agricultural, water and tourism wealth. He faced by Iraqis’ unity, pointing out that this population density, a matter that makes it a and worldwide weight and with its coopera- stances, indicating that Iraq is actually in need pointed out that neighboring countries are concern does not exist as before. difficult task for the Iraqi army to carry out its tion with Iraq and the rest of Arab and non- for such support for the construction of hospi- welcome to invest in Iraq, a matter that would The Kuwaiti delegation included President humanitarian mission. He said he was opti- Arab countries, and a new page of diplomatic tals, schools and others. He added that the strengthen ties between these countries and of Kuwait Journalists Association Adnan Al- mistic for the next stage, and such optimism relations for the good of the region and the Iraqi and Kuwaiti media have a great responsi- Iraq that were affected by the previous regime.