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Source: International Islamic Trade Finance Corporation (ITFC) |

The Aid for Trade Initiative for the Arab States Program contributes to post-COVID-19 Economic Recovery through Inclusive Job Creation

The AfTIAS 2.0 Program was designed by International Islamic Trade Finance Corporation (ITFC) in 2020 in consultation with beneficiary countries

The International Islamic Trade Finance Corporation (www.ITFC-IDB.org) organized a virtual Roundtable with high-level speakers from the Governments of the Kingdom of Saudi Arabia, Arab Republic of Egypt and the Kingdom of Spain, the World Trade Organization, the International Monetary Fund, the International Trade Center, and the United Nations Economic and…

Islamic Development Bank Group (IsDB Group)
Source: Islamic Development Bank Group (IsDB Group) |

IsDB and THIQAH Sign Agency Agreement to Promote Investment and Trade in Member Countries

The agreement reaffirms THIQAH’s efforts to promote and attract foreign direct investment in Member Countries, transfer know-how, and open new markets to investors

To underscore the importance of the role of the private sector in sustainable development, job creation and promotion of investment and trade amongst Member Countries of the Islamic Development Bank (IsDB) Group (www.IsDB.org), an Agency Agreement has been signed between IsDB and the Islamic Corporation for the Development of the…

Source: African Union (AU) |

Historic partnership aimed at securing over 1.2 Billion people and 55 nations from counterfeit and illicitly traded products, to be launched during Future Investment Initiative in Riyadh

The “OriginAll Africa” team will work with the AfCFTA leadership to develop a roadmap in harmony with the various industry sectors to ensure a smooth implementation

The Secretariat of the African Continental Free Trade Area (AfCFTA), the Future Investment Initiative (FII) and OriginAll S.A. announced today a partnership representing a historic effort and opportunity to harness their respective strengths in an effort to eradicate counterfeit and illicitly traded products from the AfCFTA nations. The cooperation is…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) announces the launching of the 2nd phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in June 2021 to Mitigate the Effects of COVID-19 on Trade in the Arab Region

The webinar gathered high level officials and partners, and country representatives, where the discussion evolved around the success of the first phase of AfTIAS Program in 2014 to 2018

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) on behalf of The Islamic Development Bank Group (IsDB), and in coordination with the League of Arab States hosted a high-level webinar themed “The role of the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in mitigating the negative effects…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP): MENA Region Holds Strong Potential for Low and Zero-Carbon Sources of Energy

Renewables and nuclear technologies claimed higher share in power supply mix due to the COVID-19 pandemic

The race for hydrogen is accelerating the penetration of low-cost renewable energy sources; Role of private sector financing still hinges on sector reforms and government guarantees; Renewables and nuclear technologies claimed higher share in power supply mix due to the COVID-19 pandemic; Committed investments in MENA power sector hold relatively…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Refinitiv & Islamic Corporation for the Development of the Private Sector (ICD) 2020 Report: Global Islamic Finance Assets Expected to Hit $ 3.69 trillion in 2024

Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry since the global financial crisis

Malaysia, Indonesia, Bahrain, UAE and Saudi Arabia ranked as the top five developed countries globally in Islamic Finance; Indonesia jumped to second place in IFDI ranking backed by government knowledge initiatives; Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) extends a USD50million revolving construction facility to Yellow Door Energy to finance solar projects

Facility to be used for developing solar energy assets in key markets across the region including Jordan and Pakistan

Financing facility to YDE is in line with APICORP’s (www.APICORP.org) strategic drive to support energy diversification and access to sustainable power in MENA region; Facility to be used for developing solar energy assets in key markets across the region including Jordan and Pakistan; YDE currently has over 110 megawatts of…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) highlights the economic opportunities and challenges for MENA countries under COVID-19

These opportunities include bringing production closer to consuming markets and increasing digitalization of the economy

Fiscal stimulus and productive debt represent a game-changing opportunity for technological upgrades as digital transformation sweeps the region; Opportunities in re-shored production and manufacturing as global value chains shift; GCC banks are relatively well positioned to weather the storm, with a combined USD2.3 trillion in assets at the end of…

Bench Events
Source: Bench Events |

Future Hospitality Summit Unveils Line-up of Global Hospitality Leaders & Change-Makers as Special Guest Speakers

Media registration for the hybrid summit is now open

Future Hospitality Summit will welcome a comprehensive line-up of hospitality and government leaders, industry captains, founders, change-makers, insight experts, and media, on 26-27 October; The jam-packed line-up includes Arne Sorenson (Marriott International), Arnold W. Donald (Carnival Corporation), Gloria Guevara (WTTC), Alexandre de Juniac (IATA), Geoffrey JW Kent (Abercrombie & Kent), and…

Source: International Organization for Migration (IOM) |

Coronavirus: International Organization for Migration (IOM), European Union and the Government of Ethiopia strengthen Partnership to support migrants during COVID-19

The European Union is among IOM’s major donors supporting the Assisted Voluntary Return and Reintegration program

With the European Union’s (EU) revitalized commitment to a single cohesive migration policy as set out in its new Pact on Migration and Asylum, a high-level delegation from the European Union visited Ethiopia for a dialogue with the Government of Ethiopia (GoE), IOM Ethiopia and migrants. The delegation was led…