Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Moroco - AFESD Lends Morocco $177 Million to Finance Tangier Port  Join our daily free Newsletter

MENAFN - Qatar News Agency - 18/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Morocco and Kuwait-based Arab Fund for Economic and Social Development (AFESD) signed two agreements with a value of some KD 50 million (USD 177 million) to finance the second phase of the port of Tangier, northern Morocco.

The agreements were signed by Moroccan economy and finance minister Mohammad Bu Saeed and AFESD Director General Abdulateef Al-Hamad

Bu Saeed said the loan would boost infrastructure projects of the Tangier Mediterranean port, which would increase handling capacity from three to eight million containers every year, Kuwait News Agency KUNA reported

The minister commended the fund's contribution to development in Morocco

Al-Hamad said relations between the fund and Morocco were "excellent." He said the fund was keen on financing social and economic development projects in Morocco

The expansion of Tangier port will facilitate trade through Gibraltar Strait thus have economic and social benefits for the Moroccan people, said Al-Hamad

The fund had financed the first phase of the Tangier port in 2010.

 


Qatar News Agency




  MENA News Headlines
 May 23 2015 - Oman's ORPIC takes out USD910m loanMENAFN
(MENAFN) Oman Oil Refineries and Petroleum Industries Co. (ORPIC) has taken out a USD910 million ten-year loan from local and regional banks, Arab News reported.The money will be used to "meet ...

 May 23 2015 - Jordan's economy grows 3.8 percent amid political crisesMENAFN
(MENAFN) Jordan's economy is robust despite spillover violence along its borders from wars in Syria and Iraq, the central bank governor said, Arab News reported.Weak oil prices that have cut the ...

 May 23 2015 - Egypt to launch USD3b LNG tender over 2016-17MENAFN
(MENAFN) Egypt is set to launch what will be a highly sought after tender in early June to buy up to USD3 billion of liquefied natural gas (LNG) over 2016 and 2017, Arab News reported.Egypt has ...

 May 23 2015 - Iraqi forces clear path to key refinery: USThe Peninsula
(MENAFN - The Peninsula) Iraqi troops fighting Islamic State group forces have cleared a ground route into the country's largest oil refinery, the US military said Friday. "Iraqi Security Forces and ...

 May 23 2015 - Priest kidnapped in Homs region of Syria: NGOThe Peninsula
(MENAFN - The Peninsula) A priest of the Syriac Catholic Church in the western Syrian city of Homs was kidnapped Thursday along with one of his colleagues, the NGO l'Oeuvre d'Orient told AFP Friday. ...

 May 23 2015 - Suicide bomber in deadly attack on Shia mosque: SaudiThe Peninsula
(MENAFN - The Peninsula) A suicide bomber set off an explosion during weekly prayers in a Shia mosque of eastern Saudi Arabia leaving many dead Friday, the interior ministry said. "It has been ...

 May 23 2015 - Iraqi forces to launch Ramadi fightback in 'coming days'The Peninsula
(MENAFN - The Peninsula) Iraqi government and allied forces will launch an offensive aimed at retaking the city of Ramadi from the Islamic State group in the coming days, a spokesman said on Friday. ...

 May 23 2015 - Iraq- 55,000 have fled IS-captured Ramadi since mid-May: UNThe Peninsula
(MENAFN - The Peninsula) The United Nations said Friday that around 55,000 people had fled Ramadi since a surge by the Islamic State group in mid-May that landed the Iraqi provincial capital in the ...

 May 23 2015 - IS capture of Palmyra 'threat' to key site: Arab LeagueThe Peninsula
(MENAFN - The Peninsula) The Arab League on Friday condemned the Islamic State group's capture of Palmyra, saying the Syrian city's seizure posed an "eminent threat" to the international heritage ...

 May 23 2015 - Sudan Islamists protest against Morsi death sentenceThe Peninsula
(MENAFN - The Peninsula) Hundreds of Sudanese Islamists protested outside a UN office in central Khartoum Friday against the death sentence handed down to Egypt's ousted president Mohamed Morsi by a ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help