Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwaiti fund extends $5.6m for Lebanon project  Join our daily free Newsletter

MENAFN - - 20/02/2010

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093306699 Share This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093306699 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN) The Kuwait Fund for Arab Economic Development (KFAED) has signed a 5.6 million contract for bankrolling the establishment of a sports facility in southern Beirut suburb, Kuna reported.

The KFAED's country representative in Lebanon Mohammed al-Sadeqi stressed the significance of existing partnership between Kuwait and Lebanon on development bases and principles.

The sports center in southern Beirut is just part of several projects funded by the State of Kuwait with a view to contributing to economic and social development in Lebanon, he said.

Southern Beirut infrastructure utilities were mostly devastated in the Israeli aggression on Lebanon in July 2006.

The Kuwaiti-financed sports project will greatly help in the reactivation and promotion of sports activities at the Lebanese suburb, al-Sadeqi added.

The 3,800 square meter sports facility is expected to be completed within 18 months' time. The Kuwaiti fund and the municipality of the Lebanese suburb will contribute 68 percent and 32 percent of the project's cost respectively, he said.

 






  MENA News Headlines
Jun 20 2013Saudi- Agriculture & Food sector rises 0.72% ,Arab News
(MENAFN - Arab News)  The contest between bulls and bears ended without any significant change at Saudi stock market yesterday as Tadawul index retreated to 7,526.26 points, which was roughly where ...

Jun 20 2013Saudi- Al Baraka to host symposium on Islamic economics in Jeddah ,Arab News
(MENAFN - Arab News)  Al Baraka Banking Group will hold its 34th symposium on Islamic economics at Jeddah Hilton on July 17-18 to discuss a number of emerging banking and financial issues and ...

Jun 20 2013Intra MENA trade set to double to $ 300 bn by 2020 ,Arab News
(MENAFN - Arab News)  "Intra Middle East and North Africa (MENA) trade has the potential to double by the end of the decade to $ 300 billion" said Simon Cooper, deputy chairman and CEO, HSBC Middle ...

Jun 20 2013Dubai's Eagle Proprietary Investments purchases Sri Lankan Heraymila firms ,MENAFN
(MENAFN) Dubai-based Eagle Proprietary Investments Cheif Executive Officer, Raj Dvivedi, stated that the company signed a deal by which it acquired two Sri Lankan firms Heraymila Securities Limited ...

Jun 20 2013Dubai Electricity and water Authority awards USD3.81m water project contract ,MENAFN
(MENAFN) Dubai Electricity and water Authority's (Dewa) Managing Director and Cheif Executive Officer, Mohammed Al Tayer, stated that the company awarded the USD3.81 million contract for a main water ...

Jun 20 2013Abu Dhabi's GDP up 7.7% to USD248.12b in 2012 ,MENAFN
(MENAFN) Statistics Centre � Abu Dhabi (SCAD) released data showing that the emirate's GDP at current prices showed a record 7.7 yearly growth to USD248.12 billion last year, reported Emirates ...

Jun 20 2013Trade exchanges between Dubai, Chile up 2% in 2012 ,MENAFN
(MENAFN) Executive Chairman of Ports, Customs and Free Zone Corporation and Director General of Dubai Customs, Ahmed Butti Ahmed, stated that the volume of trade exchanges between Dubai and the ...

Jun 20 2013Dreamliner battery maker ties up with Germany's Bosch ,AFP
(MENAFN - AFP) Japan's GS Yuasa, the battery supplier for Boeing's troubled Dreamliner, on Thursday announced a tie-up with German technology giant Bosch to develop lithium-ion batteries. The pair ...

Jun 19 2013Sony holds shareholder meeting as spin-off plan looms ,AFP
(MENAFN - AFP) Sony kicked off its annual shareholders' meeting on Thursday morning with markets waiting to see how the struggling Japanese giant will address a proposal to spin off a piece of its ...

Jun 19 2013Gamer outrage prompts Xbox One policy changes ,AFP
(MENAFN - AFP) Microsoft handed gamers a victory by backing off plans for new-generation Xbox One consoles to require Internet connections and put restrictions on playing second-hand game ...

more...


 
Click to Apply






Google

 
 

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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help