Egypt’s Social Housing Fund, IDB seal EGP4b mortgage finance cooperation
Egypt’s Social Housing and Mortgage Finance Support Fund signed a cooperation protocol on Wednesday with the…
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IDB
Egypt’s IDB bank 10-month profits grow to almost half billion pounds
Egypt’s state-run Industrial Development Bank (IDB) has made a higher profit in October up to 435 million Egyptian…
Egypt’s IDB increases credit portfolio to EGP10 bln during March
Egypt's state-run Industrial Development (IDB) announced that its credit portfolio has increased to 10.5 billion…
Islamic Development Bank, Egypt sign $3 bln country partnership
The Jeddah-based Islamic Development Bank (IsDB) and Egypt have signed on Thursday a $3 billion country partnership…
Islamic Development Bank targets $3bn strategy for Egypt
Saudi Arabia-based lender Islamic Development Bank (IDB) plans a new strategy worth $3 billion to cooperate with…
Al Baraka Egypt secures Islamic Development Bank $5.6mn SME credit line
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, has secured the Islamic Development Bank’s (IDB)…
Islamic Development Bank braces for new major cooperation strategy with Egypt
Egypt and the Islamic Development Bank (IDB) are preparing for a new cooperation strategy given top priority to…
Islamic Development Bank says to open Egypt resident office this year
The Islamic Development Bank (IDB) is planning to inaugurate its representation office in Egypt within the current…
IDB, EBRD mull SME fund launch for Egypt, 3 Arab states
The Islamic Development Bank (IDB) is studying establishing a mutual fund for the small and medium-sized…
Islamic Development Bank invests $3.7 bln in Egypt: official
The volume of Islamic Development Bank (IDB)’s investments in Egypt currently amounts to US$3.7 billion, said…
Egypt raises stake in International Islamic Trade Finance Corp’s capital
Egyptian Cabinet has endorsed Wednesday a plan to raise the country’s stake in the International Islamic Trade…
EXCLUSIVE: Arab funds’ shares for Sinai development projects
Arab funds have determined the size of their contributions, totalling US$1.5 billion, to development projects in…
Islamic Development Bank’s Funding Portfolio in Egypt hit $12.5 billion
The Islamic Development Bank’s total funding portfolio for Egypt has reached US$12.5 billion, including US$3.1…
Islamic Bonds to be issued in Egypt early FY2015-16 – Minister
The Egyptian government hopes to issue sukuk, or Islamic bonds, at the beginning of the 2015/2016 fiscal year, the…
Islamic Development Bank to open Representative Office in Cairo Soon
The Saudi Arabia based lender, Islamic Development Bank (IDB) will inaugurate its representative office in Cairo…
IDB financing Egypt’s petroleum products imports with $3 billion Loan
Islamic Development Bank (IDB) is providing Egypt with US$3 billion in loan to finance the country’s petroleum…
EBRD, IDB unit to launch SME Fund for Egypt, Morocco, Jordan, Tunisia
The European Bank for Reconstruction and Development (EBRD) and the private sector arm of the Islamic Development…
Islamic Development Bank Mulls $160mn Funding for Egypt-KSA Power Project
The Islamic Development Bank (IDB) is considering a recent request by Egypt for $160 million in funding for its…
IDB Approves SAR 2.8 Bln Loan For Egypt
The Islamic Development Bank (IDB) on Tuesday announced loans worth $752 million (SR2.82 billion) to finance…
IDB Allocates EGP1.4 billion for Egypt’s West Damietta Power Plant
The Islamic Development Bank (IDB) contributes with EGP 1.4 billion to finance the upgrade project of West Damietta…
EIB, Egypt Ink €205 mn Loan Deal to Finance El Shabab Power Plant
Egypt signed today a loan agreement worth € 205 million with the European Investment Bank (EIB), designated…
Egypt:US$6 bln Loan Agreements Signed Since Morsi’s Ouster
The total loans and grants received by Egypt’s army-backed government since July 2013 have hit around US$ 5.9…
IDB to Launch $10 Billion Islamic Bond Program in Dubai
The Islamic Development Bank (IDB) ISDBA.UL will set up a $10 billion sukuk issuance program on the Nasdaq Dubai…
IDB Plans To Issue Another $1bn Sukuk In 2014
The Islamic Development Bank (IDB) will not go to the international markets to raise funds through a US dollar…
IDB Eyes $10b Sukuk
Islamic Development Bank ( IDB ), the AAA-rated multinational lender, will boost its sukuk program by more than 50…
Islamic Development Bank Grants Egypt US$300 Mln
Dr. Amr Darrag, Egyptian Minister of Planning and International Cooperation, stated that the government has signed…
Zazou: Egypt May Sign Co-op Protocol With Saudi Islamic Bank
Egyptian Minister of Tourism Hesham Zazou said that the Islamic Development Bank (IDB) in Saudi Arabia showed its…
Islamic Development Bank Increases Its Capital To $ 150 Billion
The Board of Governors of Islamic Development Bank Group approved at the conclusion of its annual meetings in the…
IDB’s Agreements With Egypt’s Govt. Valued At US$ 8.1 Bln
Zain Zahran, executive director of Islamic Development Bank, has revealed that the total value of agreements signed…
Islamic Development Bank Signs Finance Contracts Worth US$ 920 Mln With Egypt
The Islamic Development Bank (IDB) plans to provide Egypt with US$ 920 million worth of finances; of which US$ 800…
Shura Council Discusses Agricultural Drainage Finance Agreement With IDB
Shura Council discusses the Agriculture, Irrigation and Land Reclamation Committee’s report on the decision of the…
KIMA Negotiates With Arab Banks to Fund Its New Factory
The Egyptian Chemical Industries Company (KIMA), has started a series of negotiations and meetings with a number of…
Kandil Says Egypt’s Govt To Offer EGP20 bln Investments in 2013
Egypt's Premier Dr Hesham Kandil said the current government is planning for offering 8-10 investment ventures in…
Shura Council’s Energy Committee Approves IDB’s Finance To South Helwan Power Plant
Shura Council's Industrial Production and Energy Committee headed by Tarek Moustafa has given in-principle approval…
Shura Council Discusses IDB’s Finance To South Helwan Power Plant
The Egyptian Minister of Electricity and Energy Ahmed Emam announced that the Shura Council's Industrial Production…
SFD Signs US$ 50 Mln Contract With Islamic Development Bank
The Social Fund for Development (SFD) signed a finance contract worth US$ 50 million last month with the Islamic…
JP Morgan Group Delegation To Visit Egypt Today To Discuss Sukuks
Dr. Ahmed El Naggar, Adviser to Egypt’s Minister of Finance and responsible for Sukuk draft file, announced that US…
IDB To Offer US$ 31.03 Mln Finance To Al-Azhar University Hospital
The Islamic Development Bank’s Board of Executive Directors approved in its meeting last Sunday to contribute to…
Arab Investment Bank Injects US$ 10 Mln To Petroleum Sector
The Arab Investment Bank (AIB) plans to inject Islamic loans of US$ 10 million to finance the petroleum sector in…
IDB Provides €1.27b In Loans For Iran Wastewater Projects
The Islamic Development Bank has allocated €1.27 billion in loans to Iran for implementing a number of wastewater…