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AFESD, AIIB sign deal to boost sustainable infrastructure projects

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SEVILLE: The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund for Economic and Social Development (AFESD) signed a strategic memorandum of understanding (MoU) on Tuesday aimed at enhancing cooperation and accelerating the implementation of sustainable infrastructure projects in jointly prioritized regions. The agreement was signed by AFESD Director General and Chairman Bader Al-Saad and AIIB President Jin Liqun on the sidelines of the Fourth International Conference on Financing for Development, currently underway in Seville, southern Spain.

In a statement, Al-Saad said the strategic partnership aligns with the Fund’s mission of supporting sustainable development in Arab countries in line with the United Nations Sustainable Development Goals (SDGs). “This collaboration will bolster our resources and strengthen our role in financing infrastructure, contributing to a more prosperous and sustainable future for the region,” he noted. He emphasized that the partnership underscores both institutions’ commitment to deepening regional cooperation and adopting innovative, demand-driven approaches to infrastructure financing.

AIIB President Jin Liqun described the partnership with the Arab Fund as “a significant milestone in our shared commitment to sustainable development.” He added: “By leveraging AIIB’s global infrastructure expertise and the Arab Fund’s deep regional knowledge, we can jointly implement impactful projects that tackle pressing issues such as climate change and regional interconnectivity.”

Jin noted that both institutions will collaborate to mobilize additional resources and promote innovation in infrastructure financing. He explained that the MoU lays out a comprehensive framework for cooperation, including joint project preparation and co-financing for both sovereign and non-sovereign sectors. Strategic priorities covered under the agreement include enhancing climate resilience, cross-border connectivity, digital infrastructure and sustainable urban development.

Founded in 2016, the Beijing-based AIIB is a multilateral development bank with a capital base of $100 billion and 110 approved members. It focuses on infrastructure financing that fosters a sustainable and inclusive global future. Established in 1972 and headquartered in Kuwait, the Arab Fund is a regional financial institution dedicated to supporting economic and social development in the Arab world.

The Fund finances projects in infrastructure, health, education, water, and public services through a range of instruments, including loans, grants and technical assistance. The Fourth International Conference on Financing for Development, hosted by Spain, kicked off Monday and runs through Thursday. The conference aims to advance solutions to global development financing challenges and develop a new framework for achieving the SDGs. — 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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