IsDB sings financing agreements worth over$1 billion

Leadership Council listens to Prime Minister's report on progress of reform process, welcomes findings of expert team's report

. The Presidential Leadership Council (PLC( held a meeting today, Sunday, chaired by His Excellency President Dr. Rashad al-Alimi, Chairman of the Council, with the attendance of its members Sultan al-Arada, Dr. Abdullah al-Alimi, and via video call Abdul-Rahman al-Mahrami and Othman Majli, while Aidaroos al-Zubaidi, Tariq Saleh and Faraj al-Bahsni were absent with an excuse.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/17 Time 06:52:25
Latest News:

Deputy Speaker of Shura Council Meets Chinese Chargé d'Affaires

Fourth Phase of Artificial Joint Implant Project Concludes at Marib Hospital

Yemen Participates in 12th Arab Constitutional Courts Union Meeting in Rabat

Ambassador Al-Manhali Meets UAE Deputy Minister of Defense.

Minister of Water Discusses Support for Adaptation Projects in Yemen with Green Climate Fund

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.