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
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
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.
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.
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.
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.
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
Morocco expects to sign a $2.4 billion loan deal next month with the Saudi-based Islamic Development Bank (IDB), a Moroccan official told Reuters on Tuesday.
The North African country has agreed a package with the IDB under which
The Arab League on Tuesday approved a Qatari proposal to set up a $1 billion fund for Arab East Jerusalem, which Palestinians want as the capital of an independent state under any peace deal with Israel.
Qatar, the world's largest exporter of natural gas, expects to go ahead soon with its plan to establish a big, international Islamic bank, said Finance Minister Youssef Kamal on Monday.
Last April the Qatari government had sig