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Sunday , November 18 2018

Tag Archives: KFAED

Loans granted by KFAED does not exceed 5% of its annual revenues

MP appeals to Amir to grant amnesty to National Assembly stormers KUWAIT CITY, Aug 4: The total amount of loans granted by Kuwait Fund for Arab Economic Development (KFAED) annually does not exceed five percent of its annual revenues, says Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah …

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KFAED signs $170 mln loan deal with Egypt

KUWAIT CITY, July 14: Kuwait Fund for Arab Economic Development (KFAED) on Thursday signed a KD 50 million ($170 million) loan for the Egyptian government, which will contribute to the construction of a sewage water treatment facility for several towns in the northeast. The plans will respond to the growing …

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KFAED grants loans amounting to KD 1.26b

KUWAIT CITY, July 1: Kuwait Fund for Arab Economic Development has granted loans amounting to KD 1.26 billion ($4.2 billion) in last five years; including KD 167,000 — 12 percent of the total – in the form of grants and technical assistance, reports Al-Qabas daily. This is in response to …

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KFAED signs KD 23 million loan agreements with Dhaka, Djibouti – Deals to finance development projects

KUWAIT CITY, March 28, (KUNA): Kuwait Fund for Arab Economic Development (KFAED) signed two loan agreements with Bangladesh and Djibouti, totaling KD 23 million (about $78 million), for financing development projects in the two countries. The project in Bangladesh estimated at KD 15 million (about $51 million) aims to contribute …

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KFAED signs $15 million loan deal with Republic of Burundi – Nyanza Lac Road Project to be financed

KUWAIT CITY, March 20: A loan agreement between Kuwait Fund for Arab Economic Development and the Republic of Burundi has been signed in Bujumbura whereby Kuwait Fund extends a loan in an amount of KD 4.411 million equivalent to about $15 million to participate in the financing of the Rumonge …

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‘KFAED spent $20bl in funding projects worldwide since 1961’ – Governor calls to construct pedestrian bridges between Farwaniya & Khaitan

KUWAIT CITY, Dec 30, (KUNA): The Kuwait Fund for Arab Economic Development (KFAED) spent around $20 billion, funding 900 projects since establishment on Dec 31, 1961, said Director General Abdulwahab Al-Bader Friday. Speaking to KUNA on the 55th anniversary of establishment, Al-Bader said that throughout its existence, the fund had …

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KFAED signs $138m deal with Bahrain

The Kuwait Fund for Arab Economic Development (KFAED) signed Tuesday a $138 million agreement with the Bahraini government to fund development projects in the GCC country. Deputy Director General of KFAED Hamad Al-Omar, who signed the agreement with Bahrain Minister of Finance Sheikh Ahmad bin Mohammad Al-Khalifa, told KUNA that …

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