KUWAIT — Kuwaiti companies, represented at Kuwaiti pavilion in the 39th Baghdad International Fair, found the event an ample opportunity for their return to the huge market of Iraq. Speaking to KUNA Thursday after the opening ceremony of the 10-day event, Director of the Pavilion Abdullah Al-Mureiri said Iraq undergoes a process of rehabilitation and reconstruction which could absorb all kinds of products. “This process could pave the way for fruitful economic cooperation and building partnerships between the Kuwaiti and Iraqi firms,” he said. “Kuwaiti pavilion provides a platform for the companies from both sides to know more about each other and tap into the potentials of cooperation in supplying neighborly Iraq with Kuwaiti products. The Kuwaiti companies produce world-class products which suit the needs of the Iraqi consumers,” he pointed out. Kuwaiti pavilion has seen a good turnout by the Iraqi public on the first day of the exhibition despite the strict security measures which were put in place due to the presence of top level officials. The second day of such events usually sees the highest turnout, he added. Separately, price of Kuwaiti crude oil went down by $1 to $104.80 per barrel (pb) Friday compared to $105.80 the day before, said Kuwait Petroleum Corporation (KPC) Saturday. The crude price came amid a general decline in the growth of global economy for various factors. The New York Mercantile Exchange, American crude for delivery in December ended week trading losing $1.42 to settle at $84.86 per barrel; in addition, Brent crude oil futures prices for December delivery also declined $3.87 to settle at $105.68 per barrel. — SG/KUNA
