IsDB sings financing agreements worth over$1 billion

Yemen Announces Full Support for Statement Issued by GCC Ministerial Meeting

The Republic of Yemen has announced its full support for the statement issued at the extraordinary ministerial meeting of the Gulf Cooperation Council (GCC), which affirmed a unified and firm position to deter what it described as blatant Iranian aggression against GCC member states.

Kuwait Condemns Iranian Attack Targeting Its Territory

The State of Kuwait has strongly condemned a “heinous Iranian attack” that targeted its territory on Saturday morning, calling it a flagrant violation of Kuwait’s sovereignty, airspace, international law, and the Charter of the United Nations.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/02 Time 03:00:06
Latest News:

Marib Deputy Governor Discusses Humanitarian Interventions with Turkish Associations

Cabinet approves draft budget for fiscal year 2026

Finance Minister signs with Ambassador al-Jaber new Saudi support agreement for Yemen

Prime Minister Receives Letter from Italian Deputy Prime Minister

Yemen Strongly Condemns Blatant Iranian Attacks on Saudi Arabia

IsDB sings financing agreements worth over$1 billion

[22/05/2025 02:56]

ALGIERS-SABA
The Islamic Development Bank (IsDB) Group, signed several financing agreements with some member countries for a total value exceeding one billion dollars.

The agreements which inked, on the sidelines of the bank's annual meetings held in Algeria, will be directed towards the implementation of various projects related to infrastructure, agriculture, health, and combating climate change.

The bank clarified in a statement that the signed agreements include a financing agreement with the State of Palestine for the Khalid al-Hassan Cancer Hospital project (Phase One) worth 26.6 million dollars, pointing out that among the signed documents are those related to financing the flood protection dams project in the Sultanate of Oman, amounting to over 632 million dollars.

The bank also signed a financing agreement with Bangladesh for the construction of five bridges worth 241.3 million dollars and directed financing to the country of Sierra Leone with a total amount of 38.1 million dollars.

Additionally, the bank signed an agreement with Mauritania for the 'Financing of the Vocational Training and Youth Employment Enhancement Project' worth 37 million dollars.