Kuwaiti Fund for Development inks $1.5 million grant agreement for Yemen

Saudi Defense Minister Delivers Leadership Condolences Following Death of Former President Hadi

Saudi Defense Minister Prince Khalid bin Salman bin Abdulaziz conveyed the condolences of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud on the death of former Yemeni President Field Marshal Abdrabbuh Mansur Hadi.

Magnitude 5 Earthquake Strikes Fiji Islands in the South Pacific

A magnitude 5.0 earthquake struck south of the Fiji Islands in the South Pacific Ocean on Sunday, according to the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 486.2 kilometers beneath the Earth's surface.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/05/31 Time 04:26:31
Latest News:

Al-Alimi Receives Further Condolences on the Passing of Former President Hadi

UAE Leadership Extends Condolences to Leadership Council Chairman on Passing of Former President

Al-Subaihi, PM Receive Condolences in Aden on the Passing of Former President Abd-Rabu Mansour Hadi

President al-Alimi leads funeral procession of former President Abd-Rabu Mansour Hadi

Saudi Leadership Extends Condolences Over Death of Former Yemeni President Abdrabbuh Mansur Hadi

Kuwaiti Fund for Development inks $1.5 million grant agreement for Yemen

[24/04/2025 07:16]

WASHINGTON-SABA
The Kuwait Fund for Arab Economic Development (KFAED) signed today, Thursday, a grant agreement with the International Organization for Migration (IOM) under which the Fund will provide a grant of $ 1.5 million to contribute to financing the project to develop the infrastructure of public services in Yemen.

The Kuwait Fund stated in a statement published by Kuwait News Agency (KUNA) that the proposed project aims to increase the resilience of communities, the challenges resulting from the ongoing conflict in Yemen and compete for scarce resources and services through the development of community infrastructure, enhance the ability to effectively deal with the drivers of instability and strengthen social cohesion in communities.

The project consists of small community projects that include the construction and rehabilitation of public schools, health facilities and infrastructure for drinking water and sanitation.

The grant agreement was signed on the sidelines of the 2025 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington on behalf of the KUNA by Acting Director General Waleed al-Bahar and the IOM Director General Amy Pope.