Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait committed to political, economic support of Yemen - official  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 30/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) The Kuwait Fund for Arab Economic Development (KFAED) will continue its support of Yemeni government's efforts to tackle poverty and achieve political, economic and social stability, said its chief Abdulwahab Al-Bader on Tuesday.

After heading Kuwait's delegation at Friends of Syria talks in London, the KFAED chief told KUNA that political stability in Yemen was of huge significance to Kuwait and its Gulf Cooperation Council neighbours.

The GCC is the biggest contributor to Yemen, with its donations representing 70 percent of global relief, he added.

The meeting witnessed agreement on three committees - economic, political and security. These will write up reports which will be handed to foreign ministers meeting at the UN General Assembly, in May.

Attending nations pledged a total of USD eight billion as contributions to state development programmes. Kuwait had pledged USD 500 million.

Last month, the Fund provided Yemen with a grant worth USD 60 million for some 13 developments colleges and universities.

Kuwait also plans, next month, to carry out electricity and road projects in the country, he revealed.

For his part, Yemeni Minister of Foreign Affairs Abu Baker Al-Qirbi hailed Kuwait's efforts in support of his country on the political and economic fronts, particularly through its state donor, KFAED.

This support was felt through the numerous projects undertaken by the fund on educational facilities, roads and power plants, he added.

On the talks in London, he expressed satisfaction, stating that, "the Yemeni government looks forward to more support from the international community."

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Aug 4 2015 - UAE Q3 non-oil sector keeps growing baseMENAFN
(MENAFN) An official report show that Business conditions in the UAE's non-oil private sector continued to improve in last July.Non-oil private sector employment in the UAE keeps on increasing in ...

 Aug 4 2015 - Emirates Reit to invest USD56.69m in Akoya new schoolMENAFN
(MENAFN) Dubai-based real estate investment trust Emirates Reit has announced that it will invest about USD56.69 million on building a new school in DAMAC's Akoya development. Emirates Reit acquired ...

 Aug 4 2015 - Egypt expands armed forces mission in YemenDaily News Egypt
(MENAFN - Daily News Egypt) President Abdel Fattah Al-Sisi met Saturday with members of the National Defence Council, in a meeting that saw the expansion of the Egyptian armed forces' participation ...

 Aug 4 2015 - Egypt- None can interfere in judiciary, Brotherhood defendants tried by law: Al-ZindDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Justice Ahmed El-Zind said that defendants of the former Muslim Brotherhood regime are being tried according to the law, during a Friday TV show on a state-run ...

 Aug 4 2015 - Payfort launches instalments service in Egypt, UAE, Saudi ArabiaDaily News Egypt
(MENAFN - Daily News Egypt) The Arab world's leading online payment service provider Payfort has launched on Sunday an instalments service in Egypt, Saudi Arabia and the United Arab Emirates, to ...

 Aug 4 2015 - Oman approves electricity projects worth USD600.2mMENAFN
(MENAFN) Three hundred fifty-nine projects with a total value of around USD600.2 million were approved by licensed operators last year to enhance the electricity network in Oman.The projects were ...

 Aug 4 2015 - Industries Qatar profits surge 20 percent in Q2MENAFN
(MENAFN) Industries Qatar said its second-quarter profit increased 20 percent, beating analyst forecasts, although its half-year profit fell because of declining petrochemicals prices.The ...

 Aug 4 2015 - Health Ministry's Hajj Preparatory Committees hold meetingSaudi Press Agency
(MENAFN - Saudi Press Agency) The Preparatory Hajj Committees of the Ministry of Health held their 12th meeting at the ministry yesterday, in the presence of the heads of the preparatory committees ...

 Aug 4 2015 - Kingdom of Saudi Arabia's Scouts honor World Scout Committee MembersSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi Arabian Boy Scouts Association honored the members of the World Scout Committee during their visit yesterday to the Saudi delegation participating in Arab Cultural ...

 Aug 4 2015 - Kingdom of Saudi Arabia's Consul General in Los Angeles : We did not record any contact from citizens due to fires in Northern CaliforniaSaudi Press Agency
(MENAFN - Saudi Press Agency) The Consul General of the Kingdom of Saudi Arabia in Los Angeles, Ambassador Dr. Faisal bin Abdulaziz Al-Sudairy, confirmed that there is no Saudi citizen close to the ...

more...


 






Google

Click to Apply

 
 

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