Tag: Saudi Arabia

Riyadh blast probe report on Monday

The panel formed by the government to investigate the causes of the fuel truck accident in eastern Riyadh early this month, which killed at least 22 people, will present its report to Interior Minister Prince Muhammad bin Naif on Monday. “The panel has compiled a comprehensive report after speaking to several officials, eyewitnesses, as well those injured in the fuel tanker explosion,” said a reliable official source, while giving details of the investigation.

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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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