Islamic Development Bank

Reforms enabled Egyptian economy to overcome coronavirus, crises: PM

Fri, 03 Jun 2022 - 09:52 GMT

Madbouli made the remarks during a speech at the annual meetings of the Islamic Development Bank (IsDB) Group in Sharm El-Sheikh.

Egypt’s PM urges IsDB to adopt cooperation formula among member states on food, energy amid Ukraine crisis

Thu, 02 Jun 2022 - 11:53 GMT

This comes especially if the bank allocated in the future a funding for programs that aim at dealing with the challenges posed by the Russia-Ukraine crisis, Madbouli said in a meeting with IsDB President Muhammad Al Jasser on Thursday, a statement by the Cabinet said.

Private Sector Forum kicks off on sidelines of IsDB meetings in Sharm El-Sheikh

Thu, 02 Jun 2022 - 06:00 GMT

The three-day forum will review the opportunities and challenges facing the business sector such as export credit.

Egypt's cooperation portfolio with ISDB exceeds $17B

Thu, 02 Jun 2022 - 02:14 GMT

Egypt’s strategic development partnership with the Islamic development Bank (IsDB) exceeds $17 billion, including the implementation of about 367 projects in Egypt.

Funding portfolio of International Islamic Trade Finance Corporation with Egypt is $13.8B

Mon, 14 Mar 2022 - 03:12 GMT

Minister of Planning and Economic Development Hala al-Said stated Monday that the International Islamic Trade Finance Corporation has funded Egypt with $13.8 billion until present.

Egypt to host 2022 IsDB Group's annual meetings next June

Wed, 22 Dec 2021 - 11:18 GMT

The meetings are set to be held in the Red Sea resort city of Sharm el Sheikh.

IsDB’s financing portfolio in Egypt records $14B

Thu, 30 Sep 2021 - 04:53 GMT

According to the Ministry, the IsDB’s financing portfolio covers 344 projects across several sectors, including electricity, energy, agriculture, irrigation, education, health, industry, mining, information and communications.

Islamic Development Bank’s portfolio in Egypt worth $13B

Mon, 06 Sep 2021 - 02:45 GMT

El-Said stressed that Egypt is one of the founding countries of the Islamic Development Bank group.

Egypt's Planning Ministry sheds light on 2 years of cooperation with Islamic Development Bank

Wed, 06 Jan 2021 - 04:32 GMT

With $ 12.7 billion, Egypt ranks third among countries receiving funding from the Islamic Development Bank, the minister of planning stated.

Egypt 3rd of top 10 beneficiaries from IsDB: Minister

Tue, 05 Jan 2021 - 01:30 GMT

The funds were received in the period between August 2018 and December 2020, said Planning Minister Hala el Saeid in a statement Tuesday.

Planning min.: IsDB provided total funding of $12.8B for Egypt

Sun, 12 Jul 2020 - 04:15 GMT

In a press statement, Saeed lauded measures taken by the bank to combat the novel coronavirus through providing urgent aid for member states and Muslim communities in non-member states.

Cooperation bet. Egypt, Islamic Development Bank hits $12.8B

Mon, 06 Jul 2020 - 04:03 GMT

The minister added that group’s projects are in the energy, industry, mining, agriculture, health and social services, trade, import of strategic goods and education sectors.

Egyptian ministers, IsDB probe coronavirus containment measures

Thu, 30 Apr 2020 - 02:42 GMT

The meeting also tackled the cooperation mechanism between Egypt and the IsDb, together with Egypt’s readiness to lay out a common strategy, with the aim of easing the economic burdens caused by the novel coronavirus outbreak.

Egypt to record 4% of growth rate in 2019/20

Thu, 30 Apr 2020 - 02:37 GMT

This came during the minister’s meeting with Minister of International Cooperation Rania Al-Mashat and President of the Islamic Development Bank Bandar Hajjar, via video conference.

AfDB supports its members, including Egypt, by $3M-bond

Tue, 07 Apr 2020 - 12:03 GMT

Bloomberg added that this step will entail enhancing communication between stakeholders at the government, private sector and civil society levels to provide joint ownership.

EAPD, probes with IDB cooperation projects in Africa

Mon, 10 Feb 2020 - 01:44 GMT

The meeting aimed at promoting tripartite cooperation frameworks to serve development purposes in Africa and Egypt's interest in contributing to building African cadres' capabilities as well as the keenness on supporting South-South cooperation projects.

Building bridges of trust & trade

Wed, 03 Jul 2019 - 11:42 GMT

The Islamic Development Bank (IsIDB) has a portfolio of $21.6 billion in Egypt, including $10 billion with the ITFC.

Presidential decree cancels deal with IsDB on Azhar hospital development

Thu, 10 Jan 2019 - 10:03 GMT

A presidential decree was issued on Thursday cancelling a deal between the Egyptian government and the Islamic Development Bank.

Sisi ratifies agreement with Islamic Development Bank to combat bird flu

Sun, 26 Aug 2018 - 02:56 GMT

President Abdel Fatah al-Sisi ratified on Sunday a loan agreement with the Islamic Development Bank to fund the project combating bird flu.

Two agreements with ISDB, IBRD referred to parl't committees

Sun, 15 Jul 2018 - 01:55 GMT

The first report recommends scrapping an agreement signed in 2013 between the government and the ISDB to purchase equipment for building Al Azhar Educational Hospital.