Business

KFAED inks two accords to fund gas project, aid refugees in Jordan

The Kuwaiti Fund for Arab Economic Development on Thursday inked a loan agreement and a grant accord to support Jordan with KD 24.2 million (USD 80) to contribute to funding the project, “Sabah Al-Ahmad port for liquefied natural gas,” and aid Syrian r…

PAAAFR, volunteers plant about 240 Sidr trees in Keifan walkaway

– Kuwait Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) team planted seedlings of Sidr trees in Keifan area walkaway, as part of the authority’s efforts to increase the green areas in the country.PAAAFR’s Director-General, Sheikh…

Dhaman signs USD 101 mln agreements with Saudi EXIM Bank

The Arab Investment and Export Credit Guarantee Corporation (DHAMAN) signed USD 101 million worth of agreements with Saudi Export-Import (Saudi EXIM) Bank. These agreements are a part of the bank’s efforts to provide financing and insurance products t…

Shamal Az-Zour Co. earns more than KD 10.2 mln net profits

— Shamal Az-Zour Al-Oula Power and Water Company has earned KD 10.2 million (USD 31.6 million) worth of net profits in first nine months of 2021 with a rise of 7.07 percent.In a statement posted on Boursa Kuwait on Thursday, the company said that the …