Financial and Banking News


KFAED Lends $30mn for Chinese Hydroelectric Project

The Kuwait Fund for Arab Economic Development (KFAED) has agreed to extend a $29.60mn loan to help finance the Shaqikou hydroelectric project in China's Fujian province under an agreement signed in Peking on 5 January by Shaikh 'Ali Khalifa al-Sabah, the Kuwaiti Minister of Oil and Finance, and Mr. Qian Zhengying, the Chinese Minister of Water Resources and Electric Power. The loan carries a...