Financial and Banking News


SFD Lends $23.6 to Algeria 

The Saudi Fund for Development (SFD) has agreed to lend Algeria $23.6mn to help finance the 'Ain Dalia dam project, according to an agreement signed on 28 October. The project includes the construction of a principal dam, a diversion dam, a canal and a tunnel, land acquisition and resettlement, the provision and installation of operating equipment, consultancy services and supervision. The soft term loan is to be...