News On Fund
Kuwait To Receive USD 2.6 Billion From The IMF Kuwait will receive USD 2.66 billion from the reserves of the International Monetary Fund (IMF) within the largest distribution of Special Drawing Rights (SDRs) in its history, Al Qabas reported Th... August 24, 2021 949 Category: Kuwait
Assets Of Future Generation Reserve Fund Increased By 30% In Three Years The Minister of Finance and Minister of State for Economic Affairs and Investment Khalifa Hamada confirmed that the assets of the Future Generations Reserve Fund rose more than 30% during the past thr... August 16, 2021 264 Category: Kuwait
MP Submits Bill To Set Up 100 Mln Dinars Kuwait Fund For Jerusalem MPs responded to the Israeli attacks on Gaza and the Palestinians in Jerusalem through the issuance of statements condemning the attacks and submission of a bill. MP Saleh Zeib Al-Mutairi submitted... May 16, 2021 344 Category: Kuwait
UAE Announces $10 Billion Fund For Investments In Israel The United Arab Emirates has announced the establishment of a $10 billion fund aimed at strategic sectors in Israel. The announcement follows a phone call between Abu Dhabi Crown Prince Sheikh Moha... March 13, 2021 470 Category: Information
Kuwait Transfers Assets To Wealth Fund To Unlock Cash Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash to plug its budget deficit, after a political dispute over... February 04, 2021 350 Category: Kuwait
Top MoH Officials Jailed In Funds Embezzlement The criminal court headed by Counselor Miteb Al- Ardhi sentenced a former undersecretary and a former assistant undersecretary in the Ministry of Health to seven years imprisonment with hard labor for... December 29, 2020 383 Category: Crime News
Fund To Support Kuwaiti Coronavirus Countermeasures A fund to support Kuwait’s coronavirus (COVID-19) countermeasures is established to allow monetary contributions from institutes, companies and individuals, said a government official on Tuesday... March 25, 2020 828 Category: Coronavirus
Irregularities Detected In Army Fund The First Deputy Prime Minister and Minister of Defense Sheikh Nasser Sabah Al- Ahmad Al-Jaber Al-Sabah has issued a decision to refer all irregularities in Army Fund and related accounts transactions... November 17, 2019 373 Category: Kuwait
Kuwait SME Fund Inks Startups Deal The Saudi Chamber of Commerce and Industry in the Eastern Province (Asharqiya Chamber) and the Kuwait’s National Fund for Small and Medium Enterprise Development have hammered out an agreement t... November 06, 2019 311 Category: Business
Asset Revenues In General Reserve Fund Declines To 1.2 Percent Liquid and semi-liquid asset revenues in the general reserve fund declined to 1.2 percent during the period from April 1, 2018 to Dec 31, 2018, compared to 1.6 percent for fiscal 2017/2018, and extern... April 16, 2019 279 Category: Business
Kuwait’s Fund Loans KD 9 Mln To People’s Republic Of China A loan agreement was signed on Monday in Beijing between the People’s Republic of China and the Kuwait Fund for Arab Economic Development, whereby the fund will provide a loan in the amount of K... January 22, 2019 461 Category: Business
Kuwait Announces $200mn Tech Fund – Embrace Digital Economy Kuwait has launched an initiative to form a $200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah said on Sunday.... January 21, 2019 572 Category: International
Kuwait Fund Inks KD 30m Deal For Tunis Rullar Roads Project A loan agreement was signed today in Tunis between the Republic of Tunisia and the Kuwait Fund for Arab Economic Development, whereby the Fund will provide a loan in the amount of KD 30,000,000 (equiv... December 26, 2018 279 Category: Business
Egypt, Kuwait Fund Ink Two Loan Deals Worth $135 Mln The Egyptian government and Kuwait Fund for Arab Economic Development (KFAED) inked on Saturday an agreement according to which the fund lends KD 15 million (USD 50 million) to Cairo as a contribution... December 09, 2018 276 Category: Business
Kuwait Fund Participates In Global South-South Expo 2018 Kuwait Fund for Arab Economic Development (KFAED) was participating in the Global South-South Expo 2018, held at the UN headquarters in New York. KFAED seeks to explore cooperation methods with countr... December 02, 2018 239 Category: Business
Kuwait Fund And Huawei Sign Deal To Encourage Industry Kuwait National Fund for Small and Medium Enterprise Development (SMEs) signed Wednesday a memorandum of understanding (MoU) with Huawei, which aims to encourage and develop small and medium enterpris... October 04, 2018 288 Category: Business
Indian Business And Professional Council Donates Rs 9,27,000 To Kerala CM’s Relief Fund Indian Business and Professional Council (IBPC) donated Indian rupees 9,27,000 (nine lakhs twenty seven thousand) to Kerala Flood Relief Chief Minister’s Fund. IBPC has donated nine lakhs twenty... September 10, 2018 532 Category: Business
Kuwait’s Sovereign Fund UK Unit Said To Buy Oil The British infrastructure arm of Kuwait’s sovereign wealth fund has agreed to buy oil and gas pipeline firm North Sea Midstream Partners (NSMP) for around £1.3 billion ($1.7 billion) from... July 24, 2018 480 Category: Business
Kuwait Fund Initials KD 7.5 Million Loan Agreement With Republic Of Mauritius  A loan agreement was signed today in Port Louis between the Republic of Mauritius and Kuwait Fund for Arab Economic Development, whereby the fund will provide a loan of Kuwaiti Dinars 7,500,000 ... June 22, 2018 587 Category: Economics
Assembly Approved The Proposal To Amend The National Fund For SMEs The National Assembly on Wednesday approved the proposal to amend the National Fund for Small and Medium Enterprises (SMEs) Law number 98/2013 in its first reading. Out of the 34 members who attended ... February 15, 2018 527 Category: Kuwait
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