Company Insights Islamic Development Bank Banking & Finance Islamic Development Bank News Development UAE commits $50m to development fund The UAE has committed $50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a multi-donor initiative targeting sustainable economic development in the Islamic Development Bank’s (ISDB) 57 member countries. The funding will be deployed by LLF 2.0 to support critical projects in health and infectious diseases, agriculture, and social infrastructure in low […] April 24, 2024 Agriculture Turkey’s agricultural sector gets $50m boost from Opec Fund The Opec Fund for International Development (Opec Fund) has extended a $50 million loan to Turkey to support its agricultural and food production sectors in 11 cities severely impacted by earthquakes in February 2023. The Development and Investment Bank of Turkey (TKYB) will lend the funds to small and medium-sized enterprises to promote a more […] March 25, 2024 Oil & Gas Nigeria and Morocco renew focus on gas pipeline project Talks to deliver Nigerian gas to Morocco and Europe have intensified, the Nigerian National Petroleum Company said in a press release published on its website. The discussions are focused on how to accelerate the financial investment decision for the pipeline project in line with the series of memoranda of understanding signed between the two countries […] January 31, 2024 Finance Turkey secures $100m for post-quake reconstruction The Industrial Development Bank of Turkey (TSKB) has secured a $100 million loan from the Jeddah-based Islamic Development Bank (IsDB) Group to reconstruct earthquake-affected regions. The financing from the IsDB Group will support private sector investments in 17 earthquake-affected provinces. The loan will play an important role in fostering the sustainable economic recovery of the […] December 21, 2023 Video length: 06:23 Renewable Energy Arab alliance allocates $10bn for green energy projects The Arab Coordination Group, an alliance of regional and international development institutions, has allocated $10 billion until 2030 to support energy transition in developing countries. The funding will drive a “comprehensive and affordable” transition to renewable energy in developing countries, the group said in a statement released during the Cop28 climate summit in Dubai. The […] December 6, 2023 Opinion Sustainability The Middle East needs a bank for climate adaptation Given Mena's high climate risk exposure, the GCC should seize the initiative November 22, 2023 Opinion Banking & Finance Bank of England’s Islamic finance facility is hitting the mark The UK provides the most comprehensive variety of investment options of any Western market October 17, 2023 Opinion Economy With Saudi on side, the Brics can change the world The group gathering for its summit could be the architect and engineer of a different world order August 22, 2023 Banking & Finance Saudi fund loans $240m for Pakistan’s hydropower dam State-owned Saudi Fund for Development (SFD) has signed a $240 million loan agreement to support the Mohmand dam project, a hydropower complex in north-west Pakistan. The dam will contribute to Pakistan’s energy security, increase sustainable water supply for agriculture and human consumption, and improve flood resilience, the SFD said. Co-financed by the SFD, the Organisation […] April 9, 2023 Transport Egyptian electric train project gets IsDB green light The Islamic Development Bank has approved $344.5 million in financing towards the first phase of the planned Egyptian electric train system. The 660 km railway will connect Egypt’s port cities of Alexandria and Marsa Matrouh on the Mediterranean with Ain Sokhna on the Red Sea. The Egyptian electric train project is expected to benefit 25 […] April 3, 2023 Posts navigation Previous 1 2 3 Next
Development UAE commits $50m to development fund The UAE has committed $50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a multi-donor initiative targeting sustainable economic development in the Islamic Development Bank’s (ISDB) 57 member countries. The funding will be deployed by LLF 2.0 to support critical projects in health and infectious diseases, agriculture, and social infrastructure in low […] April 24, 2024
Agriculture Turkey’s agricultural sector gets $50m boost from Opec Fund The Opec Fund for International Development (Opec Fund) has extended a $50 million loan to Turkey to support its agricultural and food production sectors in 11 cities severely impacted by earthquakes in February 2023. The Development and Investment Bank of Turkey (TKYB) will lend the funds to small and medium-sized enterprises to promote a more […] March 25, 2024
Oil & Gas Nigeria and Morocco renew focus on gas pipeline project Talks to deliver Nigerian gas to Morocco and Europe have intensified, the Nigerian National Petroleum Company said in a press release published on its website. The discussions are focused on how to accelerate the financial investment decision for the pipeline project in line with the series of memoranda of understanding signed between the two countries […] January 31, 2024
Finance Turkey secures $100m for post-quake reconstruction The Industrial Development Bank of Turkey (TSKB) has secured a $100 million loan from the Jeddah-based Islamic Development Bank (IsDB) Group to reconstruct earthquake-affected regions. The financing from the IsDB Group will support private sector investments in 17 earthquake-affected provinces. The loan will play an important role in fostering the sustainable economic recovery of the […] December 21, 2023
Video length: 06:23 Renewable Energy Arab alliance allocates $10bn for green energy projects The Arab Coordination Group, an alliance of regional and international development institutions, has allocated $10 billion until 2030 to support energy transition in developing countries. The funding will drive a “comprehensive and affordable” transition to renewable energy in developing countries, the group said in a statement released during the Cop28 climate summit in Dubai. The […] December 6, 2023
Opinion Sustainability The Middle East needs a bank for climate adaptation Given Mena's high climate risk exposure, the GCC should seize the initiative November 22, 2023
Opinion Banking & Finance Bank of England’s Islamic finance facility is hitting the mark The UK provides the most comprehensive variety of investment options of any Western market October 17, 2023
Opinion Economy With Saudi on side, the Brics can change the world The group gathering for its summit could be the architect and engineer of a different world order August 22, 2023
Banking & Finance Saudi fund loans $240m for Pakistan’s hydropower dam State-owned Saudi Fund for Development (SFD) has signed a $240 million loan agreement to support the Mohmand dam project, a hydropower complex in north-west Pakistan. The dam will contribute to Pakistan’s energy security, increase sustainable water supply for agriculture and human consumption, and improve flood resilience, the SFD said. Co-financed by the SFD, the Organisation […] April 9, 2023
Transport Egyptian electric train project gets IsDB green light The Islamic Development Bank has approved $344.5 million in financing towards the first phase of the planned Egyptian electric train system. The 660 km railway will connect Egypt’s port cities of Alexandria and Marsa Matrouh on the Mediterranean with Ain Sokhna on the Red Sea. The Egyptian electric train project is expected to benefit 25 […] April 3, 2023
