Thursday 24 April 2014
 
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IDB

Morocco refiner Samir gets $240m IDB loan

Morocco's oil refiner Samir has received an Islamic murabaha syndicated loan of $240 million from the Islamic Development Bank (IDB) to finance crude oil imports, it said. The agreement is part of a $720 million package of loa

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Norton Rose Fulbright advises on IDB $1.5bn sukuk

Global legal practice Norton Rose Fulbright has advised the Islamic Development Bank (IDB) on its record issuance of $1.5 billion 1.8125 per cent Trust Certificates due in 2019 under its $10 billion Trust Certificate Issuance Programme

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IDB, KIA units to invest in Morocco

Units of the Islamic Development Bank , a multilateral lender, and sovereign wealth fund Kuwait Investment Authority (KIA) have signed an agreement to invest jointly in Morocco's private sector. The partnership between the Jed

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Abu Dhabi may need to lower industry growth target

Abu Dhabi probably won't reach its target for industrial growth by 2020 and will need to lower it, a senior government official said on Monday. The oil-exporting emirate is investing billions of dirhams to diversify its econom

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Apicorp signs IDB credit insurance policy

Arab Petroleum Investments Corporation (Apicorp) has signed a documentary credit insurance policy (DCIP) with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). ICIEC is an affiliate of the Islamic

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IDB to launch $10bn sukuk programme in Dubai

The Islamic Development Bank (IDB) will set up a $10 billion sukuk issuance programme on the Nasdaq Dubai exchange, a boost to Dubai's efforts to become a top centre for Islamic finance in competition with other cities. It wou

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IDB mulls sukuk programme in Dubai

The Jeddah-based Islamic Development Bank (IDB) is considering setting up an Islamic bond issuance programme in Dubai, in what would be a boost to the emirate's ambitions to become a global centre for Islamic business.  

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IDB planning $10bn Islamic bond programme

The Saudi Arabia-based Islamic Development Bank (IDB) plans to increase its Islamic bond programme to $10 billion from $6.5 billion, to keep pace with demand for investment-grade paper from the international institution. An expand

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Tunisia gets $1.2bn Saudi IDB funding

Tunisia has won $1.2 billion in funding from the Saudi-based Islamic Development Bank (IDB), aimed at backing industrial, agricultural and trade projects in the country whose finances have been weak since a revolution two years ago.

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IDB raises $1 billion from sukuk

Islamic Development Bank (IDB), a Jeddah-based multilateral institution, raised $1 billion from the sale of a five-year Islamic bond, or sukuk, at par yesterday, overcoming a sell-off across global credit markets. The senior, unse

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