Wednesday 25 May 2016

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


EU bans Assad family, Syrian forces bomb towns

The European Union slapped sanctions on President Bashar al-Assad's powerful mother and wife, targeting his inner circle in an effort to force Syria to end its repression of a year-long uprising while army continued to bomb towns and clas


UN unites on Syria, sanctions set for Assad wife

The UN Security Council, including Russia and China, threw its weight behind efforts by Kofi Annan to end the bloody conflict in Syria, providing a rare moment of global unity in the face of the year-long crisis. In a statement approved by

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