IsDB sings financing agreements worth over$1 billion

Deputy Chief of Staff Affirms Support for Sovereign Decisions and Military Readiness

Deputy Chief of Staff, Major General Ahmed Al-Basar, chaired a meeting at the Ministry of Defense, emphasizing the military's commitment to supporting sovereign decisions and enhancing combat readiness.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Turkey's exports to neighboring countries exceed $28 billion in 2025

Turkey's revenues from exports to neighboring countries made $28.352 billion in 2025, marking an increase of 4.6% compared to 2024, when they amounted to $27.092 billion.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/12 Time 04:07:23
Latest News:

Deputy Chief of Staff Affirms Support for Sovereign Decisions and Military Readiness

President al-Alimi calls on international community to establish new phase of promising partnership in ..

Ministry of Human Rights Condemns Houthi Militia Decision to Execute Three Citizens in al-Mahweet

Foreign Minister discusses bilateral relations, strengthening joint coordination with his Egyptian counterpart

Resumption of Flights via al-Ghaydah International Airport

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.