Kuwait Signs $115Mn Soft Loan With Bahrain
The Kuwait-based Arab Fund for Economic and SocialDevelopment (AFESD) and the Kuwait Fund for Arab Economic Development (KFAED)signed two separate loans with Bahrain on 1 February for a total of KD35mn($115mn). The AFESD loan, which is for KD25mn ($82mn), has a 22-year tenor andcarries a five-year grace period. The loan will be used to finance a newindustrial zone project in Bahrain. The KFAED loan, which is for...