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IDB «AAA» rating reaffirmed by Moody’s

IDB «AAA» rating reaffirmed by Moody’s

Jeddah : The Islamic Development Bank’s “AAA” credit rating was recently reaffirmed with a “Stable Outlook” by Moody’s. Concurrently, the trust certificates issued by IDB Trust Services Ltd have also been affirmed at ‘AAA’. The ratings and the stable outlook ...

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IDB to support Somalia in strengthening livestock market

IDB to support Somalia in strengthening livestock market

Jeddah : The Islamic Development Bank (IDB) will strongly support the government of Somalia in strengthening livestock market through capacity building for the benefit of the country’s economy. IDB President Dr. Bandar Hajjar disclosed this during talks with Somalia’s minister ...

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20,000 seasonal staffers for ADAHI project

20,000 seasonal staffers for ADAHI project

Jeddah : Around 20,000 seasonal staffers from seven countries will be engaged in carrying out the Saudi Project for the Utilization of Sacrificial Meat (ADAHI) for this year’s Hajj. Mousa Al-Akkasi, general supervisor of the project, said that heads of ...

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IDB to support Indonesia’s infrastructure development

IDB to support Indonesia’s infrastructure development

Jakarta (IINA) – Indonesia is to cooperate with the Islamic Development Bank (IDB) Group in financing several infrastructure programs, one of which concerns the improvement of slum areas, Jakarta Post (JP) reported. The two sides will sign a member country ...

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IDB signs SR200m rural health plan for India

IDB signs SR200m rural health plan for India

By SIRAJ WAHAB JEDDAH: The Jeddah-based Islamic Development Bank (IDB) has signed a SR200 million agreement with an Indian non-governmental organization (NGO) to provide medical care for poor rural people. The money is part of a SR1 billion donation which ...

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