Middle-east Arab News Opinion | Asharq Al-awsat

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President of the Islamic Development Bank Ahmed Mohamad Ali speaks during a seminar. (Reuters)

Islamic Development Bank Plans to Enter Saudi Housing Sector

by Asma Al-Ghabiri | May 23, 2017 | Business

Jeddah – The Islamic Development Bank (IDB) plans to enter the Saudi housing sector through investments that are being prepared by technical teams in cooperation with the Saudi Housing Ministry. The bank also inked an agreement with the Saudi Education Ministry...

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Tunisia’s Investment Minister Fadhel Abdelkefi speaks with Reuters journalists in Tunis, Tunisia, October 24, 2016. Reuters

IDB Concludes Cooperation Agreements with Yemen, Tunisia

by Asma Al-Ghabiri | May 18, 2017 | Middle East

Jeddah-The 42nd annual meeting of the Islamic Development Bank (IDB) that was held on Wednesday in Jeddah has witnessed the signing of agreements with public institutions in Yemen and Tunisia. The IDB confirmed during the meeting its participation in reconstructing...

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Logo of the Islamic Development Bank.

IDB Implements Development Projects in Yemen Worth $364 Mln

by Asharq Al-Awsat | Apr 22, 2017 | Middle East

Jeddah – Saudi Ambassador to Yemen Mohammed Al Jaber said that the Islamic Development Bank (IDB) – which headquarter is in Jeddah, has implemented 31 development projects in Yemen worth $364.8 million (SR1.368 billion) in all Yemeni governorates. During...

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A man walks past an Emirates Islamic Bank branch in Bank street in Dubai, October 18, 2011. Two years after the Dubai debt crisis erupted, contributing to a wave of loan restructurings across the Gulf, those restructurings may be entering a more difficult phase as banks become reluctant to extend maturities further. Picture taken October 18, 2011. To match Analysis GULF-DEBT/RESTRUCTURING REUTERS/Jumana El Heloueh (UNITED ARAB EMIRATES – Tags: BUSINESS) – RTR2SURT

IsDB Draws Roadmap to Enlist the Poor in Production

by Zaid Bin Kami | Mar 20, 2017 | Business, Interviews

London – Islamic Development Bank (IsDB) President Bandar Hajjar has launched a roadmap to resolve social and economic problems that are facing the world. “Confronting poverty is not restricted to providing food, clothes and housing but transforming the poor to...

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A worker at an oil field in Iraq. Reuters

Iraq Gets Initial Approval for Islamic Development Bank Loans

by Asharq Al-Awsat English | May 26, 2016 | Business

The Islamic Development Bank has given its initial agreement to provide $3 billion in easy loans and grants to cash-strapped Iraq after a similar measure was announced by the International Monetary Fund this month. The Islamic bank’s loan is aimed at helping Iraq cope...