Also found in: Financial.
AFESDArab Fund for Economic & Social Development
AFESDAir Force Electronic Systems Division
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The agreements were signed by Nasser bin Khamis al-Jashmi, Secretary General of the Ministry of Finance, Abdul Latif Yousef al-Hamad, AFESD Director General and Chairman of the Board of Directors and Adnan bin Haidar Darwish, General Manager of Oman Housing Bank The agreements' signing ceremony was attended by Mohammed Jawad Hassan, Acting Undersecretary of the Ministry of Finance, Munther bin Abdullah al-Mantheri, Deputy Chairman of the Board of Directors of Oman Housing Bank and Dr.
The second agreement worth of RO75.6mn was signed between the AFESD and Oman Housing Bank.
The AFESD financed about 63 projects in Egypt' sectors of electricity; agriculture; education; irrigation; transportation; industry; mining; drinking water; sanitation, and social services, the statement mentioned with a total financing of about $5bn.
The agreement was signed in Kuwait by Minister of Development, Investment and International Cooperation, Zied Ladhari, and the Chairman of the Board of Directors and the Director General of AFESD, Abdellatif Youssef Al-Hamad, on the fringes of the annual meetings of Arab financial institutions, according to a statement issued on Thursday by the Ministry of Development.
All member-states of the Arab League are members of the AFESD. As of 2003, however, AFED reportedly held an estimated up to US$7.3 billion in assets.
In his remarks, Zied Laadhari hailed the "exemplary" partnership between Tunisia and AFESD, saying the latter is one of the country's main financial partners.
The conference was co-hosted by the Government of Morocco, IMF, AFESD, and AMF.
The statement was made yesterday (January 30) in Marrakesh at the end of the conference on "Opportunity for All: Promoting Growth, Jobs, and Inclusiveness in the Arab World," which was co-hosted by the Government of Morocco, IMF, AFESD, and AMF.
The agreement was signed by the Minister of Finance, Umayya Toukan, AFESD's Chairman Abdulatif Al-Hamad, and attended by Minister of Planning and International Cooperation Imad Fakhoury, along with SEPCO Managing Director Amjad Rawashdeh.
The premier along with Mayor of the Capital Abdel Qader Helal inaugurated the work in the sixth and final phase of the north main water road project, which extends from the Military Academy to Sana'a Airport, with a total length of 9,270 meters, at a total cost of $ 27.814 million, co-financed by the government by 20 percent and by the Arab Fund for Economic and Social Development (AFESD) by 80 percent.
Tunis, Apr 9 (ONA) On the sidelines of the joint annual meetings of the Arab financial institutions and corporations, currently being held in Tunis, Oman Housing Bank (OHB) and the Arab Fund for Economic and Social Development (AFESD) signed last-night a loan facility agreement as per which OHB will receive KD 40 million worth loan (about RO 55 million) to contribute to financing part of the annual loan programs provided by OHB.