Tag Archives: loan

Kuwait fund initials KD 7.5 million loan agreement with Republic of Mauritius

Flacq Teaching Hospital Project ‘Phase 1’ to be financed KUWAIT CITY, June 21: A loan agreement was signed today in Port Louis between the Republic of Mauritius and Kuwait Fund for Arab Economic Development, whereby the fund will provide a loan of Kuwaiti Dinars 7,500,000 million (equivalent to about 25.5 …

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Kuwait pledges $680 mln in loans to Lebanon – Paris conference raises over $11bn to help economy

BEIRUT, April 7, (RTRS): Kuwait pledged to lend Lebanon $680 million on Friday during a conference in Paris at which the Lebanese government is seeking support for a capital investment programme to boost its economy, Raed Khoury, the economy minister, told Reuters. Lebanon won aid pledges exceeding $11 billion at …

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Loan shark operations in Kuwait

I am looking for a legal advise as I am facing serious problem due to lack of my passport. I am residing in Kuwait since November 1998 and working in a private company. I took a loan of KD 2,000 from a private loan lender on 4th July 2017 at …

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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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Deal to finance road project – Kuwait signs $25.5m loan agreement with Tajikistan

KUWAIT CITY, March 20: A loan agreement was signed today in Dushanbe between the Republic of Tajikistan and the Kuwait Fund for Arab Economic Development, whereby the fund will provide a loan in the amount of 7.5 million Kuwaiti Dinars (equivalent to about $25.5 million), to the Republic of Tajikistan, …

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Saudi’s $16 bln syndicated loan slashes funding costs – New Saudi dollar bond sale could be marketed over next few weeks: sources

DUBAI, March 4, (RTRS): Saudi Arabia’s planned $16 billion syndicated loan, one of the largest ever in emerging markets, will cut the kingdom’s cost of funding by paying banks much less than on previous borrowings. The ministry of finance said on Twitter that it would offer banks a margin of …

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Kuwaiti, victim of loan sharks tells story, warns others; Bangladeshi organizing illegal lottery

KUWAIT CITY, Jan 20: A Kuwaiti man recently visited the premises of Al-Rai daily to narrate his experience with loan sharks, reports Al- Rai daily. The man explained that it began when he failed to pay debts to a bank. Through a Kuwaiti man, a Syrian expatriate offered to help …

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Bill seeks panel on loan relief for Kuwaitis

KUWAIT CITY, Jan 3: MP Askar Al-Anazi has presented a bill on the formation of a committee which will be tasked to discuss files of loans granted to citizens and to ensure compliance of local banks with the instructions of the Central Bank of Kuwait (CBK) regarding interest rate. In …

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Services terminated – “I have bank loans to pay”

My services are terminated by the employer and I am on three months’ notice period (remaining notice period is 15 days only). Please note that my Iqama will be valid for 3 months from the last working day. I am having some loans in bank and other institutions and I …

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‘Cabinet approves draft law to allow govt to take KD 25b loans for 30 yrs’

Technical panel for privatization said to study priorities KUWAIT CITY, Aug 9: The Cabinet has approved a draft law which allows the government to take loans of up to KD 25 billion for a period not exceeding 30 years from local or foreign bodies quoting informed sources. They said the …

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