Financial and Banking News


IDB Approves $199mn in Loans and Grants 

The Board of Executive Directors of the Islamic Development Bank (IDB) on 9 June approved loans and grants totaling $199.204mn to finance trade operations, development projects, equity financing and grants as follows:

- $87.557mn for seven foreign trade operations: $5mn to Benin to import petroleum products; $2mn to Niger to import jute bags from Bangladesh; $2.4mn to the Sharjah Economic Development...