Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

KFAED pumps USD 93 mln into Yemen development projects  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 22/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Kuwait News Agency (KUNA)) Kuwait Fund for Arab Economic Development (KFAED) and the Yemeni government signed two deals by virtue of which the Fund will set aside USD 93 million to a rural development and public works projects.

The two deals were signed by Yemeni Minister of Planning and International Cooperation Mohammad Al-Saadi and KFAED's agricultural advisor Dr. Abdulreda Bahman in the presence of Minister of Agriculture and Irrigation Farid Ahmad Mujawwar.

Under the first deal, KFAED will contribute USD 52 million to the implementation of the fourth stage of a public works development project, which aims to alleviate poverty, improve living conditions and curb unemployment.

The second one provides that KFAED will contribute USD 41 million to the rural development project in the two central governorates of Ibb and Raymah, with a view to improving the living conditions of farmers and stemming migration to cities.


After the signing ceremony, Al-Saadi lauded KFAED's financial support to the development projects and economic revitalization in his country.

Meanwhile, Bahman reaffirmed KFAED's commitment to backing up the efforts of the Yemeni government in the areas of poverty alleviation, job creating and economic development.

The ceremony was attended by director of the public works' project Saeed Abdo Ahmad and representative of the International Fund for Agricultural Development (IFAD) Dr. Fathya Bahran.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Mar 27 2017 - Custodian of the Two Holy Mosques leaves Riyadh for Jordan 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) The King was accompanied by a number of princes and officials. The official delegation accompanying the Custodian of the Two Holy Mosques included Minister of State ...

 Mar 27 2017 - Engineer Al-Falih: The Royal Order on tax for oil and hydrocarbon producers in the Kingdom brings Kingdom of Saudi Arabia in line with international benchmarksSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Jumada II 28, 1438, March 27, 2017, SPA -- The Ministry of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia welcomes the introduction of ...

 Mar 27 2017 - Custodian of Two Holy Mosques orders a new tax regime on oil and hydrocarbon producers operating in Saudi ArabiaSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Jumada II 28, 1438, March 27, 2017, SPA -- The Custodian of Two Holy Mosques King Salman bin Abdulaziz Al Saud has ordered a package of reductions on tax regime ...

 Mar 27 2017 - Saudi- Foreign Minister and International Envoy to the Syrian Crisis Discuss the Latest Developments in the Syrian CrisisSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Jumada II 28, 1438 H. corresponding to March 27, 2017, SPA -- On the sidelines of the preparatory meeting of Arab foreign ministers for the Arab summit, Foreign ...

 Mar 27 2017 - Saudi- Custodian of the Two Holy Mosques arrives in Amman 2 AmmanSaudi Press Agency
(MENAFN - Saudi Press Agency) The monarch was received by Prince Faisal bin Al-Hussein, Prince Ali bin Al-Hussein, Prince Hamzah bin Al-Hussein, Prince Hashim bin Al-Hussein and Prince Rashid bin ...

 Mar 27 2017 - Foreign Minister holds bilateral meeting with Bahraini FMSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Jumada II 28, 1438 H. corresponding to March 27, 2017, SPA -- On the sidelines of the preparatory meeting of Arab foreign ministers for the Arab summit, Foreign ...

 Mar 27 2017 - Foreign Minister holds bilateral meeting with Jordanian FMSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Jumada II 28, 1438 H. corresponding to March 27, 2017, SPA -- On the sidelines of the preparatory meeting of Arab foreign ministers for the Arab summit, Foreign ...

 Mar 27 2017 - Arab ministerial quartet in charge of following-up the developments of Arab-Iran crisis holds fifth meetingSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Jumada II 28, 1438 H. corresponding to March 27, 2017, SPA -- The Arab ministerial quartet in charge of following-up the developments of Arab-Iran crisis held ...

 Mar 27 2017 - Saudi- Prince Faisal bin Bandar receives Riyadh Urban Observatory gold certificateSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Jumada II, 28 1438,March 27, 2017, SPA -- Prince Faisal bin Bandar bin Abdulaziz, Chairman of the Supreme Commission for the Development of Riyadh, received ...

 Mar 27 2017 - Saudi- Custodian's of Two Holy Mosques Media Accompanying Delegation visits Jordanian Journalists AssociationSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Jumada II 28, 1438, March 27, 2017, SPA -- Custodian of Two Holy Mosques media accompanying delegation visited today the headquarters of the Jordanian ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help