Friday 26 December 2014
 
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IDB

Abu Dhabi to focus on non-oil growth

Abu Dhabi is pressing ahead with its efforts to promote the non-oil sector in the Emirate, which grew by nine per cent last year, said the director general of the Industrial Development Bureau (IDB) at a conference in the UAE capital.

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Global Islamic investment forum set for launch

Bahrain Economic Development Board (EDB) and the Islamic Development Bank (IDB) have announced the Global Islamic Investment Gateway, an initiative offering Islamic investment opportunities in some of the world’s fastest growing economies.

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IDB to issue US dollar denominated Islamic bonds

The Jeddah-based Islamic Development Bank has picked nine banks for a potential US dollar-denominated Islamic bond issue, a document from the lead managers showed on Monday. The AAA-rated IDB has mandated CIMB, Deutsche Bank, Firs

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Oman to get IDB’s $176m grant for social growth

Oman will receive a grant of $176 million for its economic and social development for the Islamic Development Bank (IDB), a multilateral development financing institution, a report said. IDB has allocated $987 million to back econ

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IDB places $1 billion sukuk

Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest privately-placed transaction from the supranational institution. IDB, which promotes economic deve

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IDB launches $2bn infrastructure fund

The Islamic Development Bank has launched a $2 billion infrastructure fund II (the IDB Fund II) to mark the 40th anniversary of the bank.   The IDB Fund II is the largest private equity infrastructure fund dedica

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IDB aims to triple size of infrastructure fund to $2bn

The Islamic Development Bank (IDB) has relaunched its infrastructure fund with backing from Saudi Arabia, Bahrain and Brunei, aiming to raise $2 billion - almost triple the size of the original fund. Jeddah-based IDB, a multilater

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Airbus, IDB back Islamic aircraft leasing fund

Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a sharia-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa. The fund,

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IDB approves $447m financing for new projects

The Islamic Development Bank has approved $447.6 million towards financing several new development projects.   The fund will be used for financing projects in a number of member countries as well as three grants

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Islamic bankers association gets 6 new members

The Association of National Development Finance Institutions in Member Countries of Islamic Development Bank (Adfimi) has accepted the membership of six new banks including a Jordanian lender and two Sudanese banks. The new member

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