AFESD

Arab Socio-Economic Development Fund signs loan agreement with Sudan

Rabat - SUNA

Sudan has signed a loan agreement with the Arab Fund for Economic and Social Development (AFESD) to set up a 350 MW thermal power plant with a transformer station in Al-Bagair area at $ 200 million. The station is expected to contribute to the dismantling of bottlenecks in the Al-Bagair area and Soba industrial zone as the area is oneRead more

Nasr: Improving living standards of Arab citizens requires continuous sustainable development efforts

Themuslimchronicle, themuslimchronicleNasr: Improving living standards of Arab citizens requires continuous sustainable development efforts263974/39

Rabat - Arab Today

Egyptian Minister of Investment and International Cooperation Sahar Nasr on Wednesday asserted that improving the living standards of Arab citizens requires exerting more efforts to achieve sustainable development at the level of all Arab countries. The minister made the remarks during her speech at the 46th Annual Meeting of the Arab Fund for Economic and Social Development (AFESD) governors' council.Read more

Egypt wins Arab Fund for Economic and Social Development governors council chairmanship

Manama - Arab Today

Egyptian International Cooperation Minister Sahar Nasr won the chairmanship of the 46th round of the governors' council of the Arab Fund for Economic and Social Development (AFESD). The announcement was made during a meeting of Arab financial institutions in the Bahraini capital on Wednesday. Nasr was attending the meeting in her capacity as Egypt's governor to AFESD and Egypt's governorRead more

Arab Monetary Fund hosts 7th Arab Finance Ministers Council meeting

Manama - WAM

The Kingdom of Bahrain is hosting tomorrow the seventh Arab Finance Ministers Council meeting chaired by Sudanese Minister of Finance and Economic Planning Badr-Eddin Mahmoud Abbas, along with participation of Arab finance ministers. The Arab League as observer, the Arab Fund for Economic and Social Development, AFESD, and Arab executive directors at the International Monetary Fund, IMF, and the WorldRead more

Arab Fund for Economic and Social Development plans allocation of $400m for Sinai projects

Cairo - MENA

Abdul-Latif al-Hamad, Chairman of the Kuwait-based Arab Fund for Economic and Social Development, said Monday that AFESD agreed to discuss in its April meeting contribution to partial financing of a number of projects in Egypt’s Sinai. The projects are part of the Egyptian government’s plan for integrated development of the peninsula. In statements by the end of his participation inRead more

Cabinet approves AFESD loan for sewage treatment

Cairo - MENA

The Cabinet approved a loan of KWD 45 million offered by the Arab Fund for Economic & Social Development ( AFESD) for sewage treatment in villages dumping their waste in Al Rahawi drain, Irrigation Minister Hossam Moghazy announced on Wednesday. The loan will be paid off in installments for 20 years, he said in a press conference. A waste waterRead more