Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Islamic Development Bank approves USD 447.6 mln for projects in member states  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 24/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) The Islamic Development Bank (IDB) on Monday approved USD 447.6 million towards financing several new development projects in a number of member countries, as well as three grants under the Waqf fund for educational projects for Muslim communities in Kenya, Lesotho, and Trinidad and Tobago.

The Jeddah-based bank said in a press release following the 298th meeting of the Board of Executive Directors convening in concurrence with the 39th Annual Meeting of the Board of Governors of IDB that the major part of the financing, USD 304 million, went to the energy sector.

It added that USD 220 million went for a Power Grid Extension Project in Bangladesh, and USD 83.75 million for 132 KV Mirama-Kable Transmission Line and Distribution Project in Uganda.

Other approvals of the board included: USD 87.5 million for Improvement of Wastewater Management and Sanitary Services in Al Ghadir Drainage Basin, Lebanon; an additional USD 25 million for the second phase of Queen Alia Airport Expansion Project, Jordan raising the IDB financing for the Queen Alia airport expansion to USD 125 millionUSD 15 million for Primary Healthcare Services Expansion Project in Chad; and USD 15 million for Support to the Development of Technical and Vocational Schools Project in Guinea.


Also, a USD 450,000 technical assistance grant was provided under the IDB Waqf fund towards capacity development of Laboratory Technicians (micro biology) in seven West African countries - Burkina Faso, Benin, Guinea, Mali, Niger, Senegal and Togo. It is expected that such capacity building measures would help fight TB, AIDS, Malaria, etc., and support educational and vocational programs aimed at tackling poverty and unemployment.

The members of the board further approved of IDB's continued contribution to the International Center for Biosaline Agriculture (ICBA), Dubai, UAE, as the center represents a successful example of mutual cooperation between the Bank and the UAE. ICBA has developed into a world class research center with an international team of scientists and researchers working on innovative solutions to improve the status of poor farmers and to implement development programs aimed at upgrading productivity in agricultural regions.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Feb 14 2016 - True love got this couple from Salt Lake City to UAEKhaleej Times
(MENAFN - Khaleej Times) For US-born Valerie and UK-born Ben there was no mountain too high or valley too low to keep them from getting to each other. This year the ...

 Feb 14 2016 - Dubai couple 'first' to get married over Instagram postKhaleej Times
(MENAFN - Khaleej Times) var doLoad = true; if (doLoad) { ...

 Feb 14 2016 - Clash of minimum wages affects hiring of Indians in UAEKhaleej Times
(MENAFN - Khaleej Times) A clash between minimum wages stipulated by the Indian government and those prevailing in the UAE labour market is resulting in rejection of ...

 Feb 14 2016 - Jordan to Review Economic LegislationQatar News Agency
(MENAFN - Qatar News Agency) Jordan's Minister of Planning and International Cooperation Imad Fakhouri has said the country will review its economic legislation to match international best practices ...

 Feb 14 2016 - Qatar Stars League: Al Wakra SC Return to Winning WaysQatar News Agency
(MENAFN - Qatar News Agency) Al Wakra SC returned today to winning ways, beating Al Sailiya 3-2 in a close encounter.The match was part of the 18th round of Qatar Stars League. Sebastian Sasha ran ...

 Feb 14 2016 - Al Kass International: Real Madrid Win on Pens to Reach FinalQatar News Agency
(MENAFN - Qatar News Agency) Real Madrid reached the final of Al Kass 2016 after a dramatic penalty shootout today against Red Bull Salzburg that finished 9-8, after the game of the tournament so far ...

 Feb 14 2016 - Doha to Host Electric Power and Water Desalination ConferenceQatar News Agency
(MENAFN - Qatar News Agency) Under the patronage of HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, Qatar Society of Engineers, in cooperation with the ...

 Feb 14 2016 - Ooredoo s 300Mbps Fibre Speeds Now Available in QatarQatar News Agency
(MENAFN - Qatar News Agency) Ooredoo has today announced that its free speed upgrade on the Ooredoo Fibre network is now live. With the upgrade, all 50Mbps home fibre plans received a double speed ...

 Feb 14 2016 - QP Award Contract to Transporting Jet Fuel to Hamad AirportQatar News Agency
(MENAFN - Qatar News Agency) Qatar Petroleum (QP) awarded Friday an Engineering, Procurement, Installation and Commissioning (EPIC) contract to supply Jet Fuel transported from Ras Laffan Industrial ...

 Feb 14 2016 - Third EED Forum to Open Next MonthQatar News Agency
(MENAFN - Qatar News Agency) The Third Entrepreneurship in Economic Development Forum (EED) will be held in Doha on March 7 and 8 at the Sheraton Doha Resort and Convention Hotel. The event is ...

more...


 






Google

Click to Apply

 
 

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