Tag: Financial Support
Saudi Arabia to pour $4.2bn to support Pakistan’s economy
Saudi Arabia has agreed to provide $4.2 billion to Pakistan in order to help the country's economy, and deal with the consequences of the...
UAE’s ADFD to fund $6.5mn worth modernization project of Mauritania fishing...
UAE’s leading financial entity, Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding (MoU) with the Government of Mauritania in order...
OPEC Fund signs $75mn worth deal to enhance connectivity in Bangladesh
Austria-based intergovernmental development finance institution, OPEC Fund for International Development (OFID) has signed a $75 million loan agreement with Bangladesh to strengthen connectivity and...
Saudi Arabia’s ITFC inks $4.5bn worth oil deal with Pakistan
Saudi Arabia-based leading financial institution Islamic Development Bank’s (IDB) financial arm International Islamic Trade Finance Corporation (ITFC) has signed a $4.5 billion worth framework...
OPEC fund loans $10mn to Bank of Maldives to aid SMEs...
Austria- based intergovernmental development finance institution, OPEC Fund for International Development (OFID) has signed a $10 million private-sector loan agreement with the Bank of...
UAE’s ADIB supports Rasmala Long Income Fund for UK supermarket acquisition
UAE’s leading Islamic financial institution, Abu Dhabi Islamic Bank (ADIB) has provided structured Islamic financing to Rasmala Long Income Fund to support its acquisition...
OPEC fund grants emergency loans for Guatemala
Austria-based intergovernmental development finance institution, OPEC Fund for International Development (OFID) has sanctioned a $50 million public sector COVID-19-related loan to Guatemala in Central...
World Bank should focus on poorer nations; Development Committee
By June 2021, the World Bank should step forward its efforts to include $160 billion in coronavirus assistance and to consider potential emergency funding...
