OPEC Fund for International Development to issue $14-million loan for Armenian rural area developmentDecember 25, 2008 - 14:00 AMT PanARMENIAN.Net - Armenia's Ambassador to Austria Ashot Hovakimian and Director-General of the OPEC Fund for International Development (OFID), Mr. Suleiman J. Al-Herbish signed Tuesday an agreement, according to which the OFID will issue a $14-million loan to Armenia for rural area development, the RA MFA press office reported."This is our third joint program with Armenia and we hope for further efficient cooperation with the RA government," Mr. Al-Herbish said. Thanking Mr. Al-Herbish for the assistance, Ambassador Hovakimian said that Armenia appreciates cooperation with the OPEC Fund for International Development. He noted that the OFID Director-General can himself assess the results of the program during his visit to Armenia in 2009. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |