Financial and Banking News
KFAED Lends $30mn to Three States
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendJordan KD7mn ($25mn) to help fund the expansion of a thermal power station atthe Red Sea port of 'Aqaba. Last week KFAED also extended a supplementary loanof KD700,000 ($2.46mn) to South Yemen to part finance the first ring roadproject around the capital, Aden. The project, which received $10.9mn from theFund in 1984, is...