INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Kuwait commits $2.5 million to Lebanon via UNDP for waste management

    • The money is expected to support UNDP Lebanon’s efforts to strengthen solid waste management in the country

    • The resulting project will look to improve the environmental, health, and social outcomes at local levels across Lebanon

    Lebanon is expected to soon get $2.5 million from Kuwait via the United Nations Development Program to augment its solid-waste-management capabilities, UNDP has said in a statement.

    The money comes as part of a deal between the Kuwait Fund for Arab Economic Development, or KFAED, and the UNDP.

    Called the Stabilisation through Solid Waste Management Projects in Lebanon, the agreement is expected to expand support for the environment and local communities in crisis-hit Lebanon.

    According to the agreement, KAEFD has commitment to provide $2.5 million to UNDP Lebanon’s efforts to strengthen solid waste management so as to improve the environmental, health, and social outcomes at local levels across the country, the UN body said in its statement.

    Solid waste management is a key pillar of public health and environmental sustainability in Lebanon, and supports social stability, it added.

    The agreement will look to establish a new solid waste management facility, and the close an illegal dumpsite that has been linked to environmental and health hazards.

    The statement quoted KFAED as saying that the project would look at “areas hosting high concentrations of Syrian refugees and local residents.”

    It would help in “mitigating the effects of pollutants” that are cause m=by accumulation of solid waste.

    The aims will include “reducing groundwater pollution and preserving the natural environment in the areas surrounding solid waste landfills.”

    The fund said: “The project will also provide economic opportunities for local communities and enhance stability.”