kuwait grants bahrain 13bn to finance projects
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Kuwait grants Bahrain $1.3bn to finance projects

Arab Today, arab today

Arab Today, arab today Kuwait grants Bahrain $1.3bn to finance projects

Kuwait City - AFP

Kuwait said on Wednesday it will finance projects worth $1.3 billion (992 million euros) in its Gulf partner Bahrain as part of pledges made two years ago, an official statement said. The funds will be used to finance part of four development projects over the next few years, including power transmission networks, housing projects and a key road, the state-owned Kuwait Fund for Arab Economic Development said. KFAED officials signed the agreements with visiting Bahraini Foreign Minister Sheikh Khaled bin Ahmad Al-Khalifa. Bahrain and Kuwait are members of the energy-rich Gulf Cooperation Council (GCC) along with Oman, Qatar, Saudi Arabia and United Arab Emirates. At a meeting in Riyadh in March 2011, the six GCC states decided to establish a $20-billion fund to finance development projects in Bahrain and Oman, which have limited energy resources. The measure was taken in the wake of protests that swept several countries as part of the Arab Spring, which also hit Bahrain and to a lesser extent Oman. Saudi Arabia, Qatar, Kuwait and UAE each pledged $5 billion, and the grants are to be spent over a 10-year period.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait grants bahrain 13bn to finance projects kuwait grants bahrain 13bn to finance projects

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait grants bahrain 13bn to finance projects kuwait grants bahrain 13bn to finance projects

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday