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

Central Bank Governor discusses support for economic stability with Dutch Ambassador

Governor of the Central Bank of Yemen Ahmed Ghaleb discussed on Wednesday with the Ambassador of the Kingdom of the Netherlands Jeannette Seppen and her accompanying delegation bilateral cooperation and support for the Central Bank of Yemen in carrying out its duties and strengthening its role in achieving economic stability.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/08 Time 10:57:38
Latest News:

Aden Governor discusses enhancing development, service cooperation with Dutch Ambassador

Minister of Human Rights looks for Dutch support

Minister of Planning seeks further cooperation with IsDB

Houthi sniper shoots one more civilian dead in Taiz city

Member P L C Mahmoud al-Subaihi, receives UN Envoy

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.