Friday 20 January 2017
 
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Bahrain group Asma buys into UAE utilities provider

Bahrain’s Asma Capital owned by sovereign institutions including Islamic Development Bank (IDB), has signed a deal valued at $147 million in equity and project finance with UAE-based Utico, a top private full service utilities provider.

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Bahrain group Asma buys into UAE utilities provider

Bahrain’s Asma Capital owned by sovereign institutions including Islamic Development Bank (IDB), has signed a deal valued at $147 million in equity and project finance with UAE-based Utico, a top private full service utilities provider.

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IDB approves $434m Mena development projects

Saudi-based Islamic Development Bank (IDB) has approved $434 million funding for development projects in the Middle East and North Africa (Mena) region, said a report. Of this, a $170-million funding will go towards the developmen

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IDB lists $1.25 billion sukuk on Nasdaq Dubai

The Islamic Development Bank (IDB) listed a $1.25 billion Sukuk today (December 8) on Nasdaq Dubai, the region’s international financial exchange.   It is the seventh Sukuk listing on the exchange by the IDB, making it

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ITFC plans to expand global reach

The Jeddah-based International Islamic Trade Finance Corp (ITFC) plans to strengthen its global network of offices in an effort to increase the use of sharia-compliant banking in merchandise trade. "We want to be closer to me

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IDB, World Bank produce report on Islamic Finance

The Islamic Development Bank (IDB) Group and the World Bank Group have jointly produced a global report on Islamic finance. Director General of the Islamic Research and Training Institute (IRTI), Prof Mohamed Azmi Omar, announced

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Turkey, IDB plan regional Islamic 'megabank'

Turkey will partner with the Islamic Development Bank to create a regional Islamic finance "megabank", Turkish Deputy Prime Minister Mehmet Simsek said on Wednesday, as part of a government drive to become a powerhouse in Islamic finan

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IDB in $53m deal to provide rural healthcare in India

The Jeddah-based Islamic Development Bank (IDB) has signed a SR200 million ($53.3 million) deal to provide medical care for poor rural people with a non-governmental organisation (NGO) in India, according to a report.  

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Tunisia, IDB sign funding for $200m power plant

Tunisia and the Islamic Development Bank (IDB) have signed an agreement to fund the gas turbine power plant in Mornaguia with a budget of $200 million, a report said. The project with a cost of $309 million to be granted to the Tu

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Iran wins $95m IDB funding for dam project

Iran has secured €87-million ($95 million) finance from Islamic Development Bank (IDB) for the construction of Sarney dam near the city of Minab in the southern province of Hormozgan,said a report. The funding will be used fo

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