Kuwait strikes $42.5 m loan agreement with Egypt
Kuwait strikes $42.5 m loan agreement with Egypt
Kuwait - Arab Today
The Kuwait Fund for Arab Economic Development, KFAED, on Sunday signed a loan agreement with Egypt worth KWD12.5 million (US$42.5 million) to fund a project that will provide drinking water in the Sinai Peninsula.
The project is targeting some of Egypt's most underdeveloped areas, including the Sinai Peninsula's capital city of Al-Arish, which suffers from a dearth of drinking water, KFAED's Director General Abdulwahab Al-Bader told media after the loan deal was sealed.
He was quoted by the Kuwait News Agency, KUNA,, as saying that the loan deal was the 45th that the Arab world's most populous nation has received from the Kuwaiti fund, with a collective value of KWD833 million ($2.8 million).
Meanwhile, Egypt's Minister of Investment and International Cooperation Dr. Sahar Nasr pointed out that the loan agreement would be instrumental in providing adequate drinking water to residents of Al-Arish.
She added that such projects help improve the quality of life in a restive region long plagued by terrorism, saying that "the only solution to counter terrorism is through economic and social prosperity."
- Tuesday ,23 January GMT 17:09 2018 UAE Ministry of Finance participates in third meeting of the Under
GMT 18:46 2018 Sunday ,16 September
Algeria-UAE Joint Commission to expand economic cooperationGMT 06:57 2018 Wednesday ,24 January
ADM inks investment contracts for constructing sports complexGMT 02:03 2018 Wednesday ,24 January
Masdar, DoT sign MoUGMT 00:06 2018 Wednesday ,24 January
Emirates signs agreement for 36 additional A380sGMT 17:09 2018 Tuesday ,23 January
UAE Ministry of Finance participates in third meeting of the Under
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 16:50 2017 Tuesday ,12 December
UAE, Serbia discuss military and defence cooperation
GMT 12:33 2017 Wednesday ,29 November
Journalist says social media is not news source
GMT 09:21 2016 Tuesday ,08 November
Hong Kong's faith in rule of law shaken by China ruling
GMT 18:15 2017 Thursday ,12 October
21 dead in 'catastrophic' California wildfires
GMT 11:36 2016 Wednesday ,23 November
Female monkeys use wile to rally troops by lavishing attention on brave soldiers
GMT 23:21 2017 Friday ,24 March
Over 250 feared dead on ‘Black Day’ in Mediterranean
GMT 18:36 2015 Tuesday ,07 April
Saudi warplanes bomb Mayyun Island in Bab el-Mandeb
GMT 16:08 2017 Monday ,16 January
Kashmiri girl Zaira Wasim of 'Dangal' fame caught up
GMT 08:23 2017 Monday ,11 September
Bahrain Press headlines
GMT 23:04 2017 Wednesday ,09 August
Saudi, UAE talks held
GMT 13:26 2018 Tuesday ,16 October
European Union calls for "full truth" on anniversary of Malta journalist's murder
GMT 09:06 2018 Monday ,22 January
Tens of thousands join Greek protest
GMT 07:46 2017 Tuesday ,26 December
Commander-in-chief receives Omani delegation
GMT 23:11 2017 Thursday ,21 December
National Guard honours retirees
GMT 02:54 2017 Thursday ,21 December
Trump nears tax victory as US Senate passes overhaul
GMT 22:31 2017 Saturday ,16 December
HRH Premier congratulates King of Bhutan
GMT 03:16 2017 Saturday ,16 December
6.5 magnitude quake strikes Indonesia's Java island
GMT 12:35 2015 Sunday ,10 May
Emirati girl invents solar bag
GMT 16:34 2017 Wednesday ,13 December
Palestinian president says no role for US in peace process
GMT 20:52 2017 Sunday ,30 April
USS Carl Vinson stages war drills with S. Korean Navy
GMT 00:44 2017 Wednesday ,13 December
Speaker affirms Bahrain's support to Palestine
GMT 15:11 2017 Tuesday ,12 December
Civil Defence participates in NFPA’s consultative meeting in Kuwait
GMT 19:27 2017 Saturday ,25 February
Top Yemen commander killed as rebels hit back
GMT 16:02 2017 Monday ,22 May
Egypt's PM gives governors 30 May deadline to reclaim all land stolen from the state
GMT 09:07 2016 Thursday ,01 December
A fashion designer's tribute
GMT 04:41 2017 Sunday ,10 September
Man Killed in 9/11 Attacks Is Identified by DNA Testing
GMT 10:55 2017 Wednesday ,27 September
Teem Al Hassan will resume filming 'Al Haiba'
GMT 01:32 2017 Wednesday ,06 December
Indonesia raises Mt Agung`s alert to highest level
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