Middle-east Arab News Opinion | Asharq Al-awsat

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IDB, Mali Co-Sign $15-Million Agreement to Fund Solar Energy Project

by Asharq Al-Awsat English | Feb 2, 2017 | Business, Saudi Arabia

The Islamic Development Bank (IDB) and the government of Mali co-signed on Thursday an agreement worth $15 million to fund a solar energy generation plant. The power station is expected to feed with a capacity of 4.3 megawatt Mali’s rural areas, benefiting over 35,000...

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Women loyal to the Houthis hold up weapons as they take part in a parade to show support to the insurgents in Sana’a, Yemen September 7, 2016. REUTERS/Khaled Abdullah

Islamic Bank Mulling to Extend Payment Deadline for Yemen Debt

by Abdul Hadi Habtor | Nov 14, 2016 | Middle East

Riyadh-The Islamic Development Bank (IDB) is moving towards approving a request to extend the payment of debts of some institutions in the Yemeni Republic due to the ongoing war in the country, the Houthi rebels’ control of the public sector and the looting of the...

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resident of the Islamic Development Bank Dr. Ahmed Mohamed Ali Al-Madani arrives for the Friends of Yemen ministerial meeting in London, Britain, 07 March 2013. (EPA/ANDY RAIN)

Islamic Development Bank president on Shari’a-compliant banking

by Fatah Al-Rahman Youssef | May 24, 2013 | Business

Riyadh, Asharq Al-Awsat—In an exclusive interview with Asharq Al-Awsat, Dr. Ahmad Mohamed Ali Al-Madani, president of the Islamic Development Bank (IDB), emphasized the need to draw up collective Islamic strategies to create a joint Islamic market, noting that the...