International Islamic Trade Finance Corporation (ITFC)
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    • Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion (1)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion

The financing available through this facility will be utilized for import of crude oil, refined petroleum products and LNG during the year 2021

Makhdum Khusro Bakhtyar, Minister for Economic Affairs witnessed the signing ceremony of International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) Annual Financing Plan 2021 for the Government of Pakistan, amounting to US$ 1.1 billion. The document was signed by Mr. Noor Ahmed, Secretary, Economic Affairs Division and Eng. Hani Salem Sonbol,…

Source: Temenos |

Bank of Khyber transforms to Temenos Core and Digital Banking Platform

Temenos technology supports Bank of Khyber’s strategic objectives to increase market share and drive sustainable growth by optimizing its banking operations and reducing operational costs

Bank of Khyber (“BoK”) (http://BoK.com.pk) which is a leading bank in Khyber Pakhtunkhwa, Pakistan, with 175 branches, successfully went live with Temenos Transact (www.Temenos.com) the next generation core banking, Temenos Infinity digital banking platform, Financial Crime Mitigation and Analytics. The implementation was carried out by Temenos’ Middle East implementation partner based…

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…

Source: World Health Organization (WHO) |

Coronavirus: How polio personnel are pivoting against COVID-19

On World Polio Day, we recognize the immense contributions of polio workers to COVID-19 response and acknowledge the major challenges ahead

World Polio Day, on 24 October, is when the world comes together to celebrate the determination that has brought us 99% of the way to ending polio, and reflect on the heights we must scale to defeat the disease completely.    This year, Africa was declared free of wild poliovirus, a…

Source: United Nations Programme on HIV/AIDS (UNAIDS) |

Coronavirus: President of Nigeria unites behind the call for a People’s Vaccine for COVID-19

Nigeria is the most populous country in Africa, home to more than 200 million people, and has the third highest number of COVID-19 cases in Africa

The President of Nigeria, Muhammadu Buhari, has announced that Nigeria will be joining the urgent global call for a People’s Vaccine for COVID-19. The President endorsed the initiative and released an official public statement in favour of the campaign. “Learning from the painful lessons from a history of unequal access…

Source: WHO Regional Office for the Eastern Mediterranean |

Coronavirus: Regional Director press briefing statement

COVID-19 has shown that the world was very much underprepared to respond

By Regional Director, WHO Regional Office for the Eastern Mediterranean COVID-19 is now a part of our daily lives. It is affecting the way we work, learn, communicate and manage our relationships. While people are eager to return to their normal lives, the reality is that the situation is not getting any better.…

Source: International Rescue Committee |

25 Years Following the Beijing Platform for Action Finds Widening Gaps in Gender Equality for Women and Girls in Conflict Settings

Despite global gains, rates of school enrollment, literacy, access to birth certificates, and more are deteriorating among women and girls in conflict settings

A new analysis from the International Rescue Committee finds that women and girls living in large refugee-hosting countries have not experienced global rates of progress over the past 25 years; despite global gains, rates of school enrollment, literacy, access to birth certificates, and more are deteriorating among women and girls…

Source: International Rescue Committee |

Deadly malaria and cholera outbreaks grow amongst refugees as COVID pandemic strains health systems, warns International Rescue Committee (IRC)

Displaced and refugee families live together in small tents and makeshift homes and are confined together in small spaces without access to proper water, sanitation and hygiene

The International Rescue Committee is extremely concerned about the rise of infectious diseases alongside COVID-19. There is an increase in malaria and cholera cases compared to previous years due in part to COVID-related disruptions severely impeding diagnosis and treatment of the diseases, access to relief from floods as well as…

Source: United Nations High Commissioner for Refugees (UNHCR) |

Coronavirus - Africa: COVID-19 has unleashed an unprecedented crisis, causing the loss of lives and livelihoods and deepening existing inequalities that will make progress on the Goals even more difficult

A shortage of resources for humanitarian operations could have devastating impacts for millions of people around the globe

UNHCR, the UN Refugee Agency, has warned that millions of displaced people in need of protection and assistance, and their host communities, are feeling the pinch of massive underfunding, as the COVID-19 crisis continues to increase humanitarian needs globally. The agency has so far received just 49 per cent (US$4.5…

Source: World Health Organization (WHO) |

Coronavirus - Africa: COVID-19 could reverse decades of progress toward eliminating preventable child deaths, agencies warn

In May, initial modelling by Johns Hopkins University showed that almost 6,000 additional children could die per day due to disruptions due to COVID-19

With the number of under-five deaths at an all-time recorded low of 5.2 million in 2019, disruptions in child and maternal health services due to the COVID-19 pandemic are putting millions of additional lives at stake. The number of global under-five deaths dropped to its lowest point on record in…