Financial and Banking News


AFESD Provides First Loan to Israeli Occupied Territories 

The Arab Fund for Economic and Social Development (AFESD) is to extend a loan worth KD3mn ($9.87mn) to finance an irrigation project at al-Fargha Valley in the West Bank, according to an agreement signed on 11 June. The loan, which is the first of its type by AFESD to a project in the Israeli-occupied territories, will provide a new and more modern irrigation system for the area as well as...