International Agreements

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17 February 12:16 AM KSA, IFAD agreement to benefit 30,000 farmers
Mubasher: The Saudi Ministry of Environment, Water and Agriculture said that the agreement with the International Fund for Agricultural Development (IFAD) will have 30,000 beneficiaries. The aim of the agreement is to help small farmers in Jizan, …
DP World signed an MoU with the Jammu and Kashmir government
16 February 12:52 PM DP World inks trade infrastructure MoU with Jammu and Kashmir gov't
Dubai – Mubasher: Dubai-based DP World has signed a memorandum of understanding (MoU) with the government of Jammu and Kashmir in order to develop the trade infrastructure in the north Indian state. "The agreement will see discussions take place …
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14 February 06:14 PM SFD to provide $1.5bn for Iraq’s reconstruction
Riyadh - Mubasher: Saudi foreign minister said that his country has dedicated $1 billion to the reconstruction of Iraq. Another $500 million in export credit will also be provided through the Saudi Fund for Development (SFD), Minister Adel …
The conference was attended by the Russian energy minister
14 February 03:51 PM Saudi oil minister confident of cooperation with OPEC
Riyadh – Mubasher: Saudi Arabia's oil minister Khalid Al Falih has expressed his confidence regarding the ongoing cooperation between OPEC and its non-OPEC allies to stabilise the market, according to Reuters. The conference was attended by the …
Aramco is set to announce a partnership in LNG with a Russian company
14 February 01:26 PM Russia, china to invest in Saudi Aramco's IPO
Riyadh – Mubasher: Russian banks along with a joint Russia-China investment fund are intending to participate in Saudi Aramco’s planned initial public offering (IPO), the head of a sovereign Russian investment fund said on Wednesday. Saudi Arabia …
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13 February 06:14 PM Egypt, Algeria could partner to explore oil in Africa
Cairo - Mubasher: Algeria is seeking to partner with Egypt in oil exploration, the Algerian minister of Energy told his Egypt counterpart on Tuesday. Minister Mustapha Guitouni met with the Egyptian minister of petroleum Tarek El-Molla on the …
Signing the agreement
6 February 06:48 PM Egypt, AfDB ink $150m water plant loan
Cairo - Mubasher: The Egyptian government and the African Development Bank Group (AfDB) have signed an agreement to finance the development of the Abu Rawash wastewater treatment plant. The $150 million agreement was signed by the minister of …
Kuwait’s intra-trade with the GCC states is divided as KWD 411.4 million for exports
28 January 04:11 PM Kuwait’s intra-trade with GCC states totals KWD 616m
Mubasher: The volume of Kuwait’s intra-trade with the GCC countries reached KWD 616.3 million ($2.06 billion) until the third quarter of 2017, according to a recent report by the commerce and industry ministry of Kuwait. Kuwait’s intra-trade with …
TSA asked six airways in the Middle East to tighten cargo security at their airports
24 January 06:23 PM Qatar Airways, TSA negotiate tougher cargo screening
Mubasher: Qatar Airways on Wednesday announced that it has opened negotiations with the US Transportation Security Administration (TSA) on complying with their request for their cargo to undergo enhanced screening. On Monday, the TSA revealed that …
The minimum value for this deal stands at $68.95 million
15 January 11:30 AM KGL’s deal with US army to generate 5% return
Mubasher: Kuwait and Gulf Link Transport (KGL) said that the contract which was signed on Sunday with the US army has a value ranging from $689.53 million to $1.38 billion. KGL clarified that the minimum value for this deal stands at $68.95 …
The financial impact of this contract cannot be determined in the current time
14 January 11:26 AM KGL’s subsidiary inks $1.38bn deal with US army
Mubasher: Kuwait and Gulf Link Transport (KGL) said that its 99%-owned subsidiary KGL Food Services Co has signed the main supplier contract with the US Defense Logistics Agency for a total value of $1.38 billion. The contract’s value can be …