Tag: Islamic Development Bank

adminMay 25, 2021

By Gokhan Ergocun, Ankara: Turkey will host an exporters and investors summit on April 26-27. The Islamic Development Bank (IDB) and Turk Eximbank will organize the event in the western Izmir city, according to a Tuesday statement. “The IDB and Turkey’s lead lender for exports and imports, Turk Eximbank, have joined hands to bring in […]

adminMay 25, 2021

By Gokhan Ergocun and Bahattin Gonultas, ANKARA: Business leaders from Muslim nations will gather in the Tunisian capital on Sunday to review last year’s performance by the Islamic Development Bank (IDB), and discuss and approve its development agenda for the year ahead. Representatives of 57 member states, senior government officials and ministers of finance, economy, planning […]

adminMay 25, 2021

Jeddah : The Islamic Development Bank (IDB) Group has affirmed its commitment to further strengthen the mechanisms of economic and trade cooperation, expand and deepen partnerships among member countries in the fields of trade, investment and finance, as well as mobilize the necessary resources to meet economic challenges and achieve sustainable development. This came in […]

adminMay 25, 2021

Makkah : The Utilization of Sacrificial Meat (Adahi) is a project undertaken by Saudi Arabia in collaboration with the Islamic Development Bank (IDB) that aims to distribute sacrificial meat among over 30 million people in 27 countries in the Asian and African continents. In the past Hajj seasons, people used to freeze and ship the […]

adminMay 25, 2021

Jeddah : The Islamic Development Bank’s “AAA” credit rating was recently reaffirmed with a “Stable Outlook” by Moody’s. Concurrently, the trust certificates issued by IDB Trust Services Ltd have also been affirmed at ‘AAA’. The ratings and the stable outlook reflect the intrinsic strength of IDB; in particular its strong capital base, solid liquidity levels, […]

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