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

Transport Minister discusses with Economic Advisor to UN Envoy economic situations, navigation traffic

The Minister of Transport Dr. Abdulsalam Humaid discussed today, Thursday, in the temporary capital Aden, with the Economic Advisor of the Office of the UN Envoy to Yemen Reddick Metzger and his accompanying delegation the economic and humanitarian situation, as well as the movement of air, sea and land transport.

Israeli Occupation Forces Arrest 4 Palestinians in Ramallah

Israeli occupation forces arrested four Palestinians in Ramallah province today, Thursday, after raiding their homes.

Oil declines amid concerns of possible oversupply

Oil prices fell today, Tuesday, as investors weigh the OPEC+ alliance's decision to suspend production increases during the first quarter of next year, amid ongoing concerns about a potential surplus in global supply.

Paris Saint-Germain defeats Nice, underpins their lead in French Ligue 1

Paris Saint-Germain strengthened its lead in the French Ligue 1, after defeating its guest Nice 1-0 in a match held as part of the eleventh round of the French Ligue 1.

Last Update: ، 2025/11/07 Time 07:14:21
Latest News:

Minister al-Soqatri discusses with FAO joint cooperation

Leadership Council Member Tariq Saleh meets with Syrian President

Presidential Leadership Council Member Tariq Saleh arrives in Brazil to join Climate Summit

Deputy Minister of Planning Discusses Food Insecurity and Malnutrition with UN Agencies

Vice FM Praises Germany's Political and Developmental Support

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.