Financial and Banking News

AID FLOWS

ADFAED Lends $16.5mn to South Yemen and Kenya 

The Abu Dhabi Fund for Arab Economic Development (ADFAED) has agreed to lend $16.5mn to South Yemen and Kenya, according to agreements signed last month. South Yemen will receive $10mn to help finance the port expansion project at Aden and Kenya $6.5mn for road construction.