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KFAED and Bahrain ink KD 10mn loan deal for key highway project

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KUWAIT: The Kuwait Fund for Arab Economic Development (KFAED) and the Bahraini government signed a loan agreement on Sunday, valued at KD 10 million (approximately $32.4 million), to finance the second phase of the Sheikh Jaber Al-Ahmad Al-Sabah Highway development project. The initiative aims to bolster Bahrain’s economic and social development by enhancing a critical transportation artery in the capital.

The project aligns with key sustainable development goals, including infrastructure improvements, urban sustainability, and efforts to curb carbon emissions from traffic congestion. As part of the plan, the highway will be expanded from three to four lanes in each direction over a stretch of 11 kilometers, alongside the construction of five bridges. The total project cost is estimated at $404.4 million, with KFAED contributing approximately 8 percent of the funding.

 KFAED, Bahrain sign $32.4 million loan deal for Sheikh Jaber Al-Ahmad Highway.  - KUNA photos

KFAED, Bahrain sign $32.4 million loan deal for Sheikh Jaber Al-Ahmad Highway. – KUNA photos

Under the agreement, the 20-year loan includes an eight-year grace period and will be repaid in 24 semi-annual installments. The loan carries an interest rate of three percent per annum, in addition to a 0.5 percent annual fee to cover administrative and service costs. This marks the 22nd loan extended by KFAED to Bahrain, underscoring the strong economic cooperation between the two nations. The agreement was signed by KFAED Acting Director General Waleed Al-Bahar and Bahrain’s Minister of Finance and National Economy Sheikh Salman bin Khalifa, in the presence of Kuwait’s Ambassador to Bahrain Sheikh Thamer Jaber Al-Ahmad Al-Sabah. — KUNA

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Kuwait Commerce Min.: Protecting industrial system is Nat’l responsibility

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 KUWAIT: Minister of Commerce and Industry, and Chairman of the Public Authority for Industry (PAI) Khalifa Al-Ajeel said on Monday that protecting the commercial and industrial system is a “national responsibility that requires concerted efforts.”

Minister Al-Ajeel emphasized in a statement to KUNA following an extensive inspection campaign in the south Amghara scrap yard, to “firmly deal with all violations and encroachments in accordance with legal frameworks where no one is above the law.”

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Al-Ajeel confirmed the continuation of inspection campaigns as well until the desired goals are reached, foremost being is restoring order and discipline to the area and removing all violations and encroachments.

He affirmed the ministry and the PAI’s commitment to cooperating with relevant authorities to continue these campaigns to ensure a safe and organized industrial and commercial environment.

The campaign resulted in the seizure of several violations and closure of several non-compliant units in preparation for taking necessary legal action against their exploiters.

Participating in the campaign was General Fire Force (KFF) Chief Major General Talal Al-Roumi, along with several executive leaders from the PAI. — KUNA

 

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Human Rights Committee session begins with focus on Gaza, regional challenges

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CAIRO: The 56th regular session of the Arab Permanent Committee for Human Rights commenced on Monday with the participation of Kuwait and representatives from Arab states concerned with human rights affairs. In his opening address, Ahmed Maghari, supervisor of the Human Rights Department at the League of Arab States, underscored the dire humanitarian situation in Gaza, calling it a stark indicator of the region’s human rights reality. “We cannot speak of the state of human rights without acknowledging the catastrophic conditions faced by our brothers in Gaza, where securing the most basic necessities has become a matter of survival,” he said. Maghari described the ongoing Zionist aggression in Gaza as a profound moral and humanitarian challenge, noting that the Palestinian people continue to endure daily suffering under constant bombardment, displacement and destruction. He lamented the international community’s continued inaction in the face of clear violations of international law and human rights norms. “The occupying power persists in defying international legitimacy and the decisions of the General Assembly, the Security Council, and the International Court of Justice,” he said.

Held at a time of mounting regional tensions, the session comes amid escalating challenges that directly affect fundamental human rights. Maghari highlighted the Committee’s historic role since its establishment in 1968 in developing the Arab human rights framework both legally and practically, while also fostering cooperation with regional and international partners. He expressed hope that the session would yield effective recommendations to help confront the pressing challenges in the region. He pointed to the rise of conflicts and violence globally, along with the resulting serious human rights violations, as major concerns.

Emerging issues such as the intersection of human rights with climate change, artificial intelligence, and the spread of alien ideologies that undermine human dignity were also noted. “In light of these challenges, we must reinforce our solidarity and collective action to enhance peace, stability, and the security of our societies,” Maghari added. The two-day session, chaired by Ambassador Talal Al-Mutairi, Chairman of the Arab Permanent Committee for Human Rights, will review the General Secretariat’s report on the implementation of previous recommendations up to the 55th session.

Discussions will also focus on Zionist violations in occupied Arab territories, the plight of Arab prisoners and detainees in Zionist prisons, and the issue of the bodies of Palestinian and Arab martyrs held in so-called “numbered cemeteries.” Other agenda items include the Arab Charter on Human Rights and preparations for Arab Human Rights Day, which will be observed on March 16, 2026. Kuwait is represented at the meeting by a delegation led by Assistant Foreign Minister for Human Rights Affairs Ambassador Sheikha Jawaher Ibrahim Al-Duaij Al-Sabah.— KUNA

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Crown Prince receives Egyptian Deputy PM

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KUWAIT: His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah received on Tuesday at Bayan Palace the Egyptian Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, Lieutenant General Kamel Abdulhadi Al-Wazir, and his accompanying delegation on the occasion of their official visit to the country. The meeting was attended by Kuwait’s Minister of Public Works Dr Noura Al-Mashaan and Egypt’s Ambassador to Kuwait Osama Shaltout.– KUNA photos

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