Latest in Tag: Islamic Development Bank Highlight
Latest in Tag: Islamic Development Bank
Islamic Development Bank provides $13bn financing for green projects
It is part of $24bn financing package from Arab Coordination Group
Egypt prioritises education as main pillar of development: Planning Minister
El-Said, Shawky discuss boosting cooperation with IsDB, GPE’s representatives
Islamic Development Bank to invest $3bn in Egypt during 2018-2020
The Islamic Development Bank is set to pump $3bn in the period between 2018 and 2020 to support a number of developmental projects in Egypt, Minister of Investment and International Cooperation Sahar Nasr revealed. Nasr has agreed with the bank on a new strategic partnership, which will include establishing a new regional office in Egypt. …
Nasr signs MoU with ICD to finance infrastructure projects
Nasr signed a $10m financing agreement with the IDB to combat bird flu
Negotiations continue with ADFD, IDB to determine size of contribution to development projects in Egypt: Nasr
We will work to employ loans and grants well, to improve the quality of life of citizens without burdening the state’s budget, the minister says
Finalising procedures of $3bn loan in June: EGPC Chairman
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …
None of $142.2bn summit investments go to Suez Canal Axis
The housing, transportation, petroleum, tourism, and investments sectors won the largest of this amount, but no statement has been made regarding Suez Canal Axis investments.
IDB allocates $220m for Egypt-Saudi electricity interconnection project
Islamic Development Bank announces $566m financing for projects in energy, roads, petrochemicals, water, education, and health
EBRD and IDB unit to launch $120m SME fund for Arab states
Reuters – The European Bank for Reconstruction and Development and the private sector arm of the Islamic Development Bank will launch a $120m fund to support small businesses in the southern and eastern Mediterranean region. The fund is part of the first agreement between the EBRD and the Jeddah-based Islamic Corporation for the Development of …
IDB allocates $220m for Egyptian power project
Allocation comes as part of nearly $705m approved by the bank to finance projects in Muslim communities
IDB to launch $10bn Islamic bond program in Dubai
It would be the Jeddah-based IDB’s third sukuk program – it already issues Islamic bonds in London and Kuala Lumpur – and its first in a Middle Eastern country.
Islamic Development Bank eyes Egypt potential
The IDB and Egypt recently met to discuss future collaboration, with potential for tripartite cooperation with other African countries.
Finance Ministry official: Bylaws for new sukuk law to be released soon
Ministry to collaborate with public and private institutions to draft law; will also provide training courses on its application
Finance minister requests aid from Saudi Arabia
Egypt asks for $500m in aid from Saudi Arabia to support its national budget
New sukuk projects awaiting bids
Finance Ministry advisor: Sukuk not affected by Egypt’s recent credit downgrading
Shura Council Economic Committee set to accept $50m from Islamic Development Bank
Economic Committee: We are reviewing our losses as a result of Egypt’s dollar crisis
Ministry of Finance launches ten new PPP projects
Public-private partnerships expected to provide Government with new mechanisms to attract foreign investments
The Egyptian government agrees to leasing agreement with Islamic Development Bank worth $250m
The deal will allow the government to lease equipment for a power plant in South Helwan
El-Najjar: Ministry of Finance to issue Sukuk law in June
During its meeting on Tuesday, the economic committee at the Shura Council continued deliberating the sukuk bill as it discussed the technical aspects of the project law