Financial and Banking News
KFAED Lends China and Tunisia $43.9mn
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendChina $21.7mn to help finance the expansion of a polypropylene plant in Hunanprovince. The $39mn project is expected to expand the plant's production to fivemillion tons annually. The loan is repayable in 19 years, including a four-yeargrace period, and carries an annual interest rate of 5%, plus 0.5% foradministration...