Yemen and Kuwait Fund for Arab Economic Development (KFAED) here on Sunday signed an agreement worth KD nine million ($ 31 million) to finance a power project in Yemen. The agreement was signed by Yemeni Minister of Planning and International Cooperation Mohammad Al-Sa'adi and KFAED Director General Abdulwahab Al-Bader. Under the KFAED-Yemen deal, the fund would extend $31 million to Yemen to contribute to financing an electric transmission project and substations for the southern areas of Habilain, Yafi'a and Baidha, Kuwait KUNA news agency reported. Following the signing ceremony, the Yemeni minister said the project mainly aimed to develop basic services, including power supply, in Yemen. He highly appreciated the Kuwaiti fund for its continuing contributions to supporting development projects in Yemen. For his part, the KFAED chief stressed that Kuwait would continue its support to Yemen through the donors' meeting expected to take place in July for projects agreed upon between the two countries in rural roads and seaports. He stressed the significance of developing cooperation between the KFAED and Yemen.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor