Friday 12 February 2016
 
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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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IDB agrees $593m funding for four nations

Saudi Arabia-based Islamic Development Bank has approved $593 million in funding for development projects in Kazakhstan, Gabon, Benin and Turkey, the bank said in a statement on Tuesday. It also agreed to provide a grant to study

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Iraq to seek up to $500m in loans from IDB

Iraq will seek up to $500 million in loans from the Jeddah-based Islamic Development Bank (IDB) to help cover its projected deficit, complementing the country's return to the international debt market, according to the bond's prospectu

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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IDB unit secures $300m Islamic financing

The Islamic Corporation for the Development of the Private Sector (ICD) the private sector arm of the Islamic Development Bank Group (IDB) recently secured a 13-month $300 million Islamic Murabaha financing facility. The facility

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IDB, Abu Dhabi Ports partner to boost investments

The Industrial Development Bureau of the Department of Economic Development (IDB) has signed a Memorandum of Understanding (MoU) with Abu Dhabi Ports to establish a joint-programme that will help attract industrial investments. Th

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IDB, Abu Dhabi Ports partner to boost investments

The Industrial Development Bureau of the Department of Economic Development (IDB) has signed a Memorandum of Understanding (MoU) with Abu Dhabi Ports to establish a joint-programme that will help attract industrial investments. Th

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IDB eyes use of Islamic finance in AIIB

The Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told Reuters.

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China's ICBC eyes Islamic finance in tie-up with IDB

The Jeddah-based Islamic Development Bank said it was teaming up with an arm of Industrial and Commercial Bank of China to look for business opportunities, in a sign of growing Chinese interest in Islamic finance. The Islamic Corp

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