Financial and Banking News
AID FLOWS
AFESD Lends Oman $8.7mn for Fishery Project
The Arab Fund for Economic and Social Development (AFESD) has agreed to lend Oman RO3mn ($8.7mn) to develop marine and fishing facilities on Masira Island, according to an agreement signed on 30 September. The loan is repayable over 15 years, including a three-year grace period, and carries an annual interest rate of 6%.
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