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 19 2014 - Iraq to defer war reparations to Kuwait for a year, says UNThe Peninsula
(MENAFN - The Peninsula)  Iraq can delay payment of a final $4.6bn in war reparations for its 1990 invasion of Kuwait because of the difficulties it faces in battling the Islamic State insurgency, ...

 Dec 19 2014 - Qatar- Leaders attend National Day paradeThe Peninsula
(MENAFN - The Peninsula)  Patriotic fervour was at its zenith as the Emir H H Sheikh Tamim bin Hamad Al Thani and the Father Emir H H Sheikh Hamad bin Khalifa Al Thani walked into the crowds and ...

 Dec 19 2014 - First Qatari reaches South Pole, hoists flag to mark National DayThe Peninsula
(MENAFN - The Peninsula)  Reach Out To Asia (ROTA) Ambassador Sheikh Mohammed bin Abdullah Al Thani became the first Qatari to reach the South Pole, where he hoisted a flag to commemorate National ...

 Dec 19 2014 - Kellogg outbids Abraaj for third time in race for Egypt's BiscoThe Peninsula
(MENAFN - The Peninsula)   Breakfast cereal maker Kellogg Co has again raised its bid for Egyptian snack maker Bisco Misr, outbidding private equity group Abraaj for the third time and snatching the ...

 Dec 19 2014 - Impossible for Saudi to reduce oil output: MinisterThe Peninsula
(MENAFN - The Peninsula)  Leading Opec producer Saudi Arabia said yesterday that competitive pressures prevent it from reducing output, and the kingdom can weather plunging oil prices.Oil Minister ...

 Dec 19 2014 - Qatar- Tower rents to face pressure on new supplyThe Peninsula
(MENAFN - The Peninsula)  Qatar's office and residential rental markets remained strong during the third quarter of 2014 (Q3, 14). Offices recorded high rates across locations, with robust demand at ...

 Dec 19 2014 - Oil resumes slide after brief rebound on short-coveringThe Peninsula
(MENAFN - The Peninsula)  Global crude prices fell again yesterday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a ...

 Dec 19 2014 - Algeria, France to enhance security cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Algerian Minister of Interior and Local Governments Tayeb Belaiz met his French counterpart Bernard Cazeneuve here on Thursday to discuss security ...

 Dec 19 2014 - Arab telecom. ministers wrap up 18th session in CairoKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Arab Telecommunications and Information Council of Ministers on Thursday welcomed a request that the Algerian city of Constantine, 2015 Capital of Arab Culture, ...

 Dec 19 2014 - ISIL senior leadership killed in airstrikes - PentagonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The Pentagon revealed Thursday that "multiple senior and mid-level leaders" in ISIL have been killed by the US-led coalition's airstrikes since mid-November."We ...

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