Sunday 1 May 2016
 
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IDB

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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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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