Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE well positioned to serve IDB's goals: Shaikh Hamdan  Join our daily free Newsletter

MENAFN - Khaleej Times - 01/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Shaikh hamdan bin rashid al maktoum deputy ruler of dubai and uae minister of finance has said the uae was keen on becoming an effective founder of the islamic development bank (idb) since its inception in 197

shaikh hamdan addressing the idb meeting in jeddah. — wam Addressing a ceremony held in jeddah to mark idb’s 40th anniversary and the start of its council of governors annual meeting shaikh hamdan said as the capital of islamic banking the uae is well positioned to further contribute in the development of the idb and realisation of its goals in supporting economic and social development in the member countries.Shaikh hamdan who is heading the uae delegation at the idb governors annual meeting in saudi arabia has witnessed the signing of a partnership renewal agreement between the uae and the idb in jeddah.Dr rashid ahmed bin fahad minister of environment and water who was representing the dubai-based international centre for bio-saline agriculture signed the agreement with dr ahmad mohamed ali al madani president of the idb.The signing of the five-year agreement means the jeddah-based bank and the icba will continue in their partnership and cooperation in bio-saline land cultivation and research in the field of agriculture.Idb financingMeanwhile the 298th meeting of the board of executive directors of the bank that convened at the idb headquarters approved 447.6 million towards financing several new development projects in a number of member countries.The meeting also approved three grants under the idb waqf fund for educational projects for muslim communities in kenya lesotho and trinidad and tobago. the major part of the financing 304 million went to the energy sector with 220 million for a power grid extension project in bangladesh and 83.75 million for the 132kv mirama-kable transmission line and distribution project in uganda.Other approvals of the board included: 87.5 million for improvement of wastewater management and sanitary services in al ghadir drainage basin lebanon; an additional 25 million for the second phase of queen alia airport expansion project jordan raising the idb financing for the queen alia airport expansion to 125 million; 15 million for primary healthcare services expansion project in chad; and 15 million for support to the development of technical and vocational schools project in guinea.Also a 450000 technical assistant 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 malli niger senegal and togo. it is expected that such capacity building measures would help fight tb aids and malaria.— with inputs from wam

 


Khaleej Times




  MENA News Headlines
 Dec 20 2014 - Etihad has no further A380 orders, Boeing 787 delayedMENAFN
(MENAFN) Etihad Airways is not interested in ordering any more Airbus A380s, while the launch of its first Boeing 787-9 Dreamliner into service has been delayed, Gulf News reported.The Dreamliner ...

 Dec 20 2014 - Saudi rail expansion contributes to domestic tourismMENAFN
(MENAFN) Saudi Railways Organization (SRO) President has lauded the efforts of Saudi Commission for Tourism and Antiquities (SCTA) in developing the tourism sector and preserving national heritage, ...

 Dec 20 2014 - Tunisia, Germany sign USD55.21m loan agreementMENAFN
(MENAFN) Tunisia and Germany have signed a loan agreement worth USD55.21 million for the modernization of more than 300 educational institutions in the different regions of the country, QNA ...

 Dec 20 2014 - Qatar- Magnificent Mirza wins stage 2The Peninsula
(MENAFN - The Peninsula) Overnight leader Azzedine Lagab yesterday retained his position at the Tour of Zubarah where defending champion Yusif Mirza of the UAE produced a late burst to win stage ...

 Dec 20 2014 - Aishwarya to make comeback with JazbaaKhaleej Times
(MENAFN - Khaleej Times) Jazbaa is a contemporary thriller set in modern-day Mumbai. Los Angeles - Former Miss World and popular Bollywood actress Aishwarya Rai Bachchan will make her comeback with ...

 Dec 20 2014 - UAE- Srikanth looks to change strategy for next two tiesKhaleej Times
(MENAFN - Khaleej Times) Indian star Kidambi Srikanth set to play Sugiarto and Jorgensen in Dubai event.Kidambi Srikanth faltered in the first set but made a strong comeback against Kento Momoto on ...

 Dec 20 2014 - UAE- Aussie rookie makes an early impactKhaleej Times
(MENAFN - Khaleej Times) Cannon makes statement for Mena Golf Tour with a steady performance at the Dubai Open. Chris Cannon was playing for the first time in an asian tour event Dubai — An ...

 Dec 20 2014 - UAE- Chen and Saina cruiseKhaleej Times
(MENAFN - Khaleej Times) South Koreas Bae shocks Chinese No.Saina Nehwal of India in action against Sung Ji Hyun of South Korea at the BWF Destination Dubai World Superseries Finals on Thursday. ...

 Dec 20 2014 - UAE- Teary-eyed for 132 dreams lostKhaleej Times
(MENAFN - Khaleej Times) Pak ambassador condemns Taleban for using Islams cover to justify massacre Abu Dhabi: The Pakistani community in Abu Dhabi gathered at the embassy on Thursday morning to ...

 Dec 20 2014 - IT teacher steals students iPad sells it onlineKhaleej Times
(MENAFN - Khaleej Times) The teachers theft was allegedly busted after she posted an advertisement on a popular website to sell the iPad. Dubai: An Information Technology (IT) teacher is standing ...

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