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SFD issues SR 37 billion in loans to stimulate economy in poor countries countries

The Saudi Fund for Development (SFD), a state-owned organization set up by the Kingdom with a mandate to provide financial assistance and to stimulate economic growth in poor countries, has disbursed SR 37 billion in aid and loans so far. This does not include a number of soft loans and term financing for various projects especially in Africa and Asia including an SR300 million loan facility to finance the irrigation projects in Egypt.

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KSA Yemen to boost cooperation

KSA Yemen to boost cooperation

RIYADH: Vice Custodian of the Two Holy Mosques Prince Salman held talks in Jeddah yesterday with Yemeni Prime Minister Mohammed Salem Basindawa. The talks focused on a range of bilateral and regional issues, the volatile situation in Yemen and the outcome of the recent two-day international donors’ conference.

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