The Kuwaiti Development Fund recently signed an agreement with the Egyptian government according to which the latter will receive a 31 million Kuwaiti Dinar ($108 million) loan, reported Al-Hayat. The loan will finance a 250-kilometer natural gas pipeline supply project between Arish in Egypt and Aqaba in Jordan. The agreement, which was signed by the Egyptian Petroleum Minister, is the 23rd loan signed between the Kuwaiti Fund and the Egyptian government. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
