Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Islamic Development Bank Approves Over Us$705 Million For Financing New Projects  Join our daily free Newsletter

MENAFN - Qatar News Agency - 06/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) The Islamic Development Bank (IDB) has approved, during the 295th meeting of its Board which convened in Jeddah, US 705.18 million of new financing focusing on infrastructure, and human development in member countries and education sector in Muslim communities in non-member countries.



Of the approvals, US 630.05 million were allocated to the infrastructure sector inclusive of US 224.4 million for "Upgrading and Reconstruction of Ujar-Zardab-Agjabadi Road in Azerbaijan Republic"; US 220 million for "Assiut (El-Walidia) Thermal Power Plant Project in Egypt"; US 87.45 million for the "Rural and Water Supply and Sanitation Program" in the countries of WAEMU (West African Economic and Monetary Union comprising Benin, Burkina Faso, Cote d'Ivoire, Mali Niger, Guinea Bissau, Senegal and Togo), US 58.2 million for "Upgrading the Dedougou-Tougan Road Project" in Burkin Faso; US 20 million for "Rural Electrification Expansion Project" in Barisal Division in Bangladesh; as well as US 20 million for contributing to "Completion of the Extension and Modernization of the Bamako-Senou International Airport Project" in Mal




On the human development front, the Board approved US 73.83 million which included; US 60 million for "Health System Strengthening Project" in Surinam, US 9 million for "Basic Education Support Project in Priority Areas" in Cameroon, and US 4.83 million as additional financing for "Health System Development Support Project" in Benin setting the IDB total financing for this project at US 24.83 millio



In the same framework, the Board Members also approved US 790,000 under the IDB Waqf Fund as grant to a number of educational projects in Muslim communities in Fiji, New Zealand, Rwanda, and the United State




 


Qatar News Agency




  MENA News Headlines
 Jul 27 2016 - dorma+kaba to improve cancer centre in JordanMENAFN
(MENAFN) dorma+kaba, a leading player in opening solutions, has inked a contract for The King Hussein Cancer Center (KHCC) expansion in Jordan.In detail, the deal is valued at USD1.4 million and will ...

 Jul 27 2016 - Saudi markets suffer as real estate slowdown goes onMENAFN
(MENAFN) Saudi's real estate markets in Riyadh and Jeddah cities continue to face an overall slowdown in performance, according to a JLL report.JLL, a leading global real estate investment and ...

 Jul 27 2016 - Nakheel logs USD803m profit in H1MENAFN
(MENAFN) Nakheel, Dubai-based and one of the world's leading developers, said it has recorded a 4% net profit increase to USD803 million for the first half of this year.Moreover, the company has ...

 Jul 27 2016 - Pakistani chief of staff discusses military cooperation with Al-SisiDaily News Egypt
(MENAFN - Daily News Egypt) President Abdel Fattah Al-Sisi met with Pakistani ground forces chief of staff Raheel Sharif and the Pakistani prime minister Nawaz Sharif on Tuesday, according to a ...

 Jul 27 2016 - Egypt- Defence Minister holds second meeting with MPsDaily News Egypt
(MENAFN - Daily News Egypt) Defence Minister Sedki Sobhi held a meeting on Monday night with members of parliament. The meeting is the second in two months, following a previous one held in May. ...

 Jul 27 2016 - Counter-terrorism commander asserts full control in Sinai despite daily attacksDaily News Egypt
(MENAFN - Daily News Egypt) Osama Askar, chief of the unified command east of the canal, stressed on Monday that Sinai is completely under the army's full control, noting that terrorists are being ...

 Jul 27 2016 - CBE stabilises US dollar exchange rate, further confuses marketDaily News Egypt
(MENAFN - Daily News Egypt) The Central Bank of Egypt (CBE) stabilised the US dollar exchange rate against the Egyptian pound at EGP 8.78 in its tender on Tuesday. The market is still waiting for ...

 Jul 27 2016 - High prices, inflation increase not behind CBE's decision to keep pound's price against US dollar: analystsDaily News Egypt
(MENAFN - Daily News Egypt) The month of June witnessed a notable increase in the inflation rate. Economic analysts believe that the devaluation of the Egyptian pound significantly increased the ...

 Jul 27 2016 - Egypt- Ousta negotiating investment of EGP 50m in 2016: founderDaily News Egypt
(MENAFN - Daily News Egypt) In May 2014, the World Bank stated in its Cairo Traffic Congestion Study that about "EGP 47bn are wasted every year in the Greater Cairo Metropolitan Area due to [traffic] ...

 Jul 27 2016 - Egypt- e-finance begins automating agricultural holdings documentsDaily News Egypt
(MENAFN - Daily News Egypt) e-finance, a company that specialises in operating financial facilities, began implementing the system to automate documents of the agriculture holdings. The project is ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help