Latest in Tag: Islamic Development Bank Highlight

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Latest in Tag: Islamic Development Bank


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. …

Daily News Egypt

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 …

Mohamed Adel

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 …

Daily News Egypt

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