KUWAIT, July 28 (KUNA) -- The cabinet was presented Saturday with an outline by Kuwait Investment Authority (KIA) regarding steps relevant to establishing the nation's third telecommunications company.

In their weekly meeting, presided by His Highness the Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah, cabinet members reviewed the two letters to H.H. the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah from the President of Comoros Ahmad Abdullah Sambi and Gambian President Yahya Jammeh regarding bilateral ties and means of boosting them.

The cabinet also reviewed another letter to H.H. the Amir from UN Secretary-General Ban Ki-moon to attend the UN General Assembly on September 24, 2007, to exchange views regarding climate change in preparation for the UN Climate Change Conference in Indonesia's Bali city during next December.

Furthermore, the cabinet was briefed by Finance Minister Bader Al-Humaidhi about the outcome of his visit to Portugal during July 23-24 and talks held with Portuguese counterpart Manuel Pinho regarding boosting overall bilateral investment cooperation.

Al-Humaidhi also briefed the cabinet about the ninth meeting of the Kuwaiti-Syrian ministerial committee for commercial and economic cooperation during July 25-27. The forum discussed accords relevant to transporting goods and civil aviation, as well as cooperation in various investment and commercial sectors.

After approving them, the cabinet referred to H.H. the Amir a number of draft decrees regarding pacts with other nations. The approval was based on the recommendations of the cabinet's legal committee during its meeting number 12/2007 regarding a draft decree to approve a Memorandum of Understanding (MoU) for cooperation in construction sectors with South Korea, a draft decree to approve a cooperation accord in security affairs with Germany, a draft decree to approve a memorandum of cooperation in oil and gas sectors with Morocco, a draft decree to approve an MoU in developing industrial exports with Oman, as well as an MoU with India regarding labor and workforce.

The cabinet also approved an accord with Senegal to avoid double taxation and tax evasion. The matter was referred to H.H. the Amir before submitting it to Parliament.

The ministers also discussed political affairs in light of reports relevant to regional and international developments.