The Asian Development Bank (ADB) is stepping up efforts to assist member countries to use Islamic finance in areas such as infrastructure financing, ranging from technical assistance to providing credit guarantees, an ADB official said.
Qatar Petroleum, the country's energy giant, has expressed its interest to buy a 5.2 per cent stake in Petronet LNG, one of the fastest growing companies in the Indian energy sector, from Asian Development Bank (ADB), said a report.
The Islamic Financial Services Board (IFSB) and the Asian Development Bank (ADB) have signed an agreement to promote the development of Islamic finance in common developing member countries.
“The importance of Islamic finance in t
Pakistan's floods caused an estimated $9.7 billion in damage to the country's infrastructure, farms and homes, the Asian Development Bank (ADB) and World Bank said on Thursday.
A damage and needs assessment conducted by the two banks said
The Asian Development Bank (ADB) is expected to contribute at least $2 billion to help Pakistan recover from its worst ever floods.
The economic costs of the floods are expected to run into the billions of dollars, stepp
The Asian Development Bank (ADB) is considering launching a medium-term note (MTN) programme worth several billions dollar for Islamic bonds, or sukuk, to finance infrastructure in Asia, an official said on Wednesday.
"If we use such an in
The Asian Development Bank (ADB) raised its estimate of average growth in developing Asian economies to 3.9 per cent in 2009 from a forecast of 3.4 per cent made in March, while also raising the 2010 forecast to 6.4 per cent from 6.0 per cent.
The ADB pledged $2.5 billion in emergency aid and loans in Asian nations hit hardest by soaring food costs as finance chiefs agreed on Tuesday to boost farm output as a long term solution to the crisis.
After four days of talks governments