KFAED Signs $138M Deal with Bahrain
bahrain-kuwait
Manama - QNA
The Kuwait Fund for Arab Economic Development (KFAED) signed Tuesday a USD 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 Kuwait news agency KUNA that a sum of USD 32 million will be used to develop infrastructure at the Salman industrial city, a key project for the growth of the Bahraini economy.
A sum of USD 106 million will be used to develop a housing project in Bahrain, said the KFAED top official. The fund previously provided USD 890 million in 2013 to develop projects in Bahrain. The total sum of agreements signed with Bahrain in the development domain had reached USD 996 million.
The estimated amount of Bahrain's ambitious development project is at USD 4.6 billion with KFAED contributing to about 21 percent.
Source : QNA
GMT 08:52 2017 Thursday ,12 October
OPEC daily basket price for Wednesday, 11th October, 2017GMT 08:35 2017 Sunday ,10 September
The National Council has bestowed its Global HumanitarianGMT 18:38 2017 Thursday ,07 September
Kuwait oil price up US$1.02 to $50.75 pbGMT 09:00 2017 Thursday ,31 August
KUFPEC doubles interest in Gina Krog Field, NorwayGMT 16:18 2017 Tuesday ,22 August
New foreign listing at SCA
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she ledGMT 07:41 2011 Sunday ,14 August
Manchester United boss backs new generation
GMT 12:45 2017 Monday ,13 February
South Korean prosecutors to seek arrest warrant for Samsung heir
GMT 16:10 2018 Tuesday ,09 January
Leaders congratulated by speaker on National Guard anniversary
GMT 10:49 2013 Friday ,20 September
Apple buyers rue high price of new low cost iPhone
GMT 00:13 2017 Friday ,16 June
'Banker takes bribe to buy 'unwanted' shares'
GMT 21:47 2017 Saturday ,06 May
Emir Sends Cable of Condolences
GMT 13:26 2017 Tuesday ,24 October
SAGITTARIUS (November23rd-December21st)
GMT 14:53 2016 Friday ,04 November
US unemployment rate falls to 4.9% on solid job creation
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assault
GMT 22:39 2017 Monday ,20 November
NIHR welcomes UNICEF partnership
GMT 07:54 2017 Monday ,30 October
Young Muslims to drive $300 billion
GMT 17:26 2017 Sunday ,22 January
‘Hareem Al Sultan’ Dubai exhibition extended to May 31
GMT 11:17 2017 Monday ,25 December
2017: A look back at Trump’s foreign policy in the Middle East
GMT 06:15 2017 Saturday ,23 December
Tehran judiciary nixes hopes of swift release
GMT 14:57 2017 Wednesday ,22 November
Israel probes president's photo in Palestinian scarf
GMT 08:40 2017 Thursday ,02 March
Oculus looks to spur VR spread
GMT 23:31 2017 Saturday ,20 May
Syrian mother panic over son
GMT 12:29 2017 Wednesday ,08 March
Itsu launches into frozen food market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor