KFAED Loans Tunisia KD 8.5 mlnSource: www.export-egypt.com 6/25/2014, Location: Middle East |
|
|
|
|
|
Kuwait Fund for Arab Economic Development (KFAED) and Tunisia signed an agreement by virtue of which the Fund will offer an easy loan of KD 8.5 million (USD 30 million).
The loan has a two percent annual interest over a 20-year-span, with a grace period of four years. The loan agreement was signed by Ambassador in Tunis Fahad Al-Awadhi and director general at the Tunisian ministry of development and international cooperation Iqbal Faqih, with the presence of a KFAED delegation "This agreement is yet another step in the path of cooperation between Tunisia and Kuwait since 1963," Ambassador Al-Awadhi told KUNA after the signing ceremony. So far, the Fund offered some USD 600 million in easy loans to finance developmental projects in Tunisia. On her part, Faqih said the loan will finance a 15-kilometer highway around 5the capital. |
|
|
Financials and Investment News in Kuwait >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Kuwait Oil & Gas 1 >> 2 | 3 | 4 | 5 | |
