Company Insights Islamic Development Bank Banking and Finance Islamic Development Bank News Opinion Economy With Saudi on side, the Brics can change the world The group gathering for its summit could be the architect and engineer of a different world order August 22, 2023 Banking and Finance Saudi fund loans $240m for Pakistan’s hydropower dam State-owned Saudi Fund for Development (SFD) has signed a $240 million loan agreement to support the Mohmand dam project, a hydropower complex in north-west Pakistan. The dam will contribute to Pakistan’s energy security, increase sustainable water supply for agriculture and human consumption, and improve flood resilience, the SFD said. Co-financed by the SFD, the Organisation […] April 9, 2023 Transport Egyptian electric train project gets IsDB green light The Islamic Development Bank has approved $344.5 million in financing towards the first phase of the planned Egyptian electric train system. The 660 km railway will connect Egypt’s port cities of Alexandria and Marsa Matrouh on the Mediterranean with Ain Sokhna on the Red Sea. The Egyptian electric train project is expected to benefit 25 […] April 3, 2023 EXCLUSIVE Development Gulf donors contribute a third of non-profit Spark’s funding GCC donors account for more than one-third of funding for Spark, a non-profit international development organisation that supports startups in fragile and conflict-affected countries in Mena. “The GCC is our second-largest source of funds owing to a mix of state donors, philanthropic foundations, charitable organisations and Zakat,” Spark’s founder and CEO, Yannick du Pont, told […] March 21, 2023 Banking and Finance Egyptian banks to support local SMEs with $120m funding Saudi-based Islamic Corporation for the Development of the Private Sector (ICD), an affiliate of the Islamic Development Bank, is planning to provide financing worth $120 million to local Egyptian banks, including Banque Misr and the National Bank of Egypt (NBE), Egypt Today newspaper reported. Funds will help small and medium enterprises (SMEs) and provide integrated […] January 25, 2023 Analysis Manufacturing Factory investments triple in Abu Dhabi Investment in Abu Dhabi’s active industrial sector has tripled over the past year as the emirate seeks to become a regional manufacturing hub. Latest figures released by Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), showed that the total value of factories that switched to the in-production stage rose […] September 12, 2022 Posts navigation Previous 1 2 3
Opinion Economy With Saudi on side, the Brics can change the world The group gathering for its summit could be the architect and engineer of a different world order August 22, 2023
Banking and Finance Saudi fund loans $240m for Pakistan’s hydropower dam State-owned Saudi Fund for Development (SFD) has signed a $240 million loan agreement to support the Mohmand dam project, a hydropower complex in north-west Pakistan. The dam will contribute to Pakistan’s energy security, increase sustainable water supply for agriculture and human consumption, and improve flood resilience, the SFD said. Co-financed by the SFD, the Organisation […] April 9, 2023
Transport Egyptian electric train project gets IsDB green light The Islamic Development Bank has approved $344.5 million in financing towards the first phase of the planned Egyptian electric train system. The 660 km railway will connect Egypt’s port cities of Alexandria and Marsa Matrouh on the Mediterranean with Ain Sokhna on the Red Sea. The Egyptian electric train project is expected to benefit 25 […] April 3, 2023
EXCLUSIVE Development Gulf donors contribute a third of non-profit Spark’s funding GCC donors account for more than one-third of funding for Spark, a non-profit international development organisation that supports startups in fragile and conflict-affected countries in Mena. “The GCC is our second-largest source of funds owing to a mix of state donors, philanthropic foundations, charitable organisations and Zakat,” Spark’s founder and CEO, Yannick du Pont, told […] March 21, 2023
Banking and Finance Egyptian banks to support local SMEs with $120m funding Saudi-based Islamic Corporation for the Development of the Private Sector (ICD), an affiliate of the Islamic Development Bank, is planning to provide financing worth $120 million to local Egyptian banks, including Banque Misr and the National Bank of Egypt (NBE), Egypt Today newspaper reported. Funds will help small and medium enterprises (SMEs) and provide integrated […] January 25, 2023
Analysis Manufacturing Factory investments triple in Abu Dhabi Investment in Abu Dhabi’s active industrial sector has tripled over the past year as the emirate seeks to become a regional manufacturing hub. Latest figures released by Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), showed that the total value of factories that switched to the in-production stage rose […] September 12, 2022
