September 05, 2013 (Saudi Press Agency) - The Islamic Development Bank (IDB) in Jeddah has recently signed a financing agreement worth SR 100 million for drilling deep wells and supporting Arab and Islamic education in Somalia.
Highlight of the Islamic Financial World
August 27, 2013 (The Saudi Gazette) - Islamic Development Bank (IDB), the AAA-rated multinational lender, will boost its sukuk program by more than 50 percent by year-end as demand for financing from member countries, including Turkey and Morocco, grows.
August 28, 2013 (Bloomberg) - Emirates, the world’s biggest airline by international passenger traffic, is considering the sale of Islamic bonds as it seeks to raise $4.5 billion in the financial year starting April 2014 to pay for planes.
August 12, 2013 (Bloomberg) - Abu Dhabi Islamic Bank PJSC (ADIB) plans to expand in North Africa as the lender controlled by the emirate’s ruling family seeks to access more-populous markets.
August 1, 2013 (Bloomberg) - Malaysian Prime Minister Najib Razak said he’ll announced steps in his budget speech later this year to tackle risks to the fiscal position outlined by Fitch Ratings.
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