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
 Nov 23 2014 - IICO delegation inspect Kuwaiti-funded relief projects S. TurkeyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Director General of the International Islamic Charity Organization (IICO) Dr. Othman Al-Hajji on Saturday extolled His Highness the Amir Sheikh Sabah Al-Ahmad ...

 Nov 23 2014 - Gulf Cup semifinals start Sun.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The semifinals of the 22nd Gulf Cup are to set off at King Fahad International Stadium in the Saudi capital, Riyadh, on Sunday.The last four will witness matches ...

 Nov 23 2014 - Saudi, Greece in talks to boost trade tiesMENAFN
(MENAFN) The Greek Ministry for development and competitiveness said that it is planning to have a series of meetings with Saudi officials to discuss the potential of bilateral collaboration in the ...

 Nov 23 2014 - Some 796 illegal immigrants found in Libyan waters in last 48 hrs - officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Libyan and Italian authorities have managed to rescue a total 796 illegal immigrants attempting to cross the Mediterranean from Libya into Europe over the past 48 ...

 Nov 23 2014 - 12 Syrian soldiers killed near Damascus - SOHRKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) At least 12 Syrian soldiers and pro-regime militiamen were killed in battles against Al-Nusra Front and other Islamist opposition groups in Zabdean town, eastern ...

 Nov 23 2014 - US, Turkey maintain coordination on tackling ISILKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) During talks on Saturday Turkey's President Recep Tayyip Erdogan and US Vice President Joe Biden ensured their nation's joint commitment to tackling Islamic State ...

 Nov 23 2014 - Egypt working on new law to attract more FDI - PMKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Egyptian Prime Minister Eng. Ibrahim Mahleb said Saturday his government is working out new legislations to attract more foreign direct investment (FDI) ...

 Nov 23 2014 - Oman inflation up 1.02 percent in OctoberMENAFN
(MENAFN) Oman's inflation rate registered an increase by 1.02 percent in October of this year when compared with the same period in 2013, while it increased by 0.12 percent when compared with ...

 Nov 23 2014 - Bahrain's parliamentary electoins turnout 51.5 pct - Min.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Turnout in Bahrain's Saturday parliamentary elections has reached 51.5 percent, Minister of Justice and Islamic Affairs said.Sheikh Khaled bin Ali Al-Khalifa said ...

 Nov 23 2014 - Libya refutes reported closure of air, sea portsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Libya's interim government, led by Abdullah Al-Theni, said Saturday it did not order the closure of any sea or air ports in the western region.The competent ...

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