Financial and Banking News


Arab Aid Commitments Total $1.8bn in 1986

Committed Arab aid during 1986 totaled $1,832.37mn, or 16.4% more than the 1985 figure of $1,573.62mn, according to information released by the Coordination Secretariat at the Arab Fund for Economic and Social Development. Total aid commitments by eight Arab funds (IDB, ADFAED, OFID, SFD, IFED, AFESD, KFAED, BADEA) since 1962 have reached $23,782.94mn. Of this total the Islamic Bank provided $5,255.60mn...