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Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Indonesia Eximbank Join Forces in a Strategic Retakaful Partnership to Expand Export Credit Solutions
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Indonesia Eximbank Join Forces in a Strategic Retakaful Partnership to Expand Export Credit Solutions

This strategic agreement provides retakaful expertise and capacity through a Quota Share Treaty, specifically designed to support the launch of Indonesia Eximbank's new Export Credit Takaful product/program

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a premier Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, is thrilled to announce the signing of a Quota Share Retakaful Treaty with Indonesia  Eximbank. The signing ceremony took place during the…

Ministry of Foreign Affairs of The State of Qatar
Source: Ministry of Foreign Affairs of The State of Qatar |

Prime Minister and Minister of Foreign Affairs Participates in a Meeting of Six Arab Foreign Ministers with United States Secretary of State

The meeting discussed the latest developments in the region, the affirmation of the Arab position calling for an immediate ceasefire and the sustainable humanitarian aid access to the Gaza Strip

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani took part in a meeting of the Foreign Ministers of the State of Qatar, the Kingdom of Saudi Arabia, the United Arab Emirates, the Arab Republic of Egypt, the Hashemite Kingdom of Jordan and the…

Islamic Development Bank Institute (IsDBI)
Source: Islamic Development Bank Institute (IsDBI) |

Islamic Development Bank (IsDB) President Calls for Nurturing Entrepreneurial Leaders during 18th Global Islamic Finance Forum

The forum attracted an array of thought leaders, policymakers, financial experts, and major stakeholders in the Islamic finance industry

The 18th Islamic Development Bank Global Forum (https://IsDBInstitute.org) on Islamic Finance has been successfully held on the sidelines of the IsDB Group Annual Meetings and Golden Jubilee Celebration in Riyadh, Kingdom of Saudi Arabia. In his opening remarks, IsDB President, H.E. Dr. Muhammad Al-Jasser, called for nurturing a generation of entrepreneurial leaders…

Islamic Development Bank Institute (IsDBI)

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    • Professor Asutay Receives Award of Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics
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Source: Islamic Development Bank Institute (IsDBI) |

Professor Asutay Receives Award of Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics

Prof. Asutay was awarded the prize in recognition of his significant work on Islamic moral economy and the articulation of Islamic finance to be supportive of sustainable development and the welfare of human beings

The first-place winner of the 2024 Islamic Development Bank (IsDB) Prize for Impactful Achievement (https://IsDBInstitute.org/) in Islamic Economics, Professor Mehmet Asutay, received the award during a ceremony in Riyadh, Kingdom of Saudi Arabia. The award was presented by the IsDB Vice President (Operations), Dr. Mansur Muhtar, on behalf of H.E.…

African Development Bank Group (AfDB)

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    • $4 Trillion is New Annual Financial Target to Save Sustainable Development Goals, says African Development Bank’s Adesina
    • Africa is the worst affected region by climate change in the world, yet it receives the least in terms of climate financing. (Picture: floods in Nairobi, 24 April 2024. Credit: AFP)
    • 34 heads of state and government committed to implement country-led food and agricultural delivery compacts to achieve food security by 2030 at the Feed Africa Summit (Dakar 2) held in January 2023
    • The current annual investment of $4.5 billion in health infrastructure is significantly insufficient when measured against the actual need of $25 billion, said Dr. Adesina
    • “Islamic finance principles of shared prosperity, risk-sharing, and ethical investment present a clear path toward bridging the SDGs financing gap,” said Islamic Development Bank President Dr Mohammed Al Jasser
    • From left to right: African Development Bank Group President Dr. Akinwumi Adesina, Saudi Arabia’s Governor to the African Development Bank Dr Ryadh M. Alkhareif and Saudi Exim Bank CEO Engineer Saad Al-Khalb
    • From left to right: Dr. Akinwumi Adesina and Saudi Fund for Development CEO Sultan bin Abdulrahman Al-Marshad
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Source: African Development Bank Group (AfDB) |

$4 Trillion is New Annual Financial Target to Save Sustainable Development Goals, says African Development Bank’s Adesina

Adesina also spotlighted the African Development Bank’s strategic High 5 program as a cornerstone for progress, as underscored by an independent analysis by the United Nations Development Program

Adesina delivers keynote address as Islamic Development Bank marks its 50th anniversary; Climate and health initiatives are of paramount importance.  African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development Bank’s…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States (1)
    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States (2)
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States

Under this arrangement, ICIEC will provide insurance solutions to support Huawei's provision of advanced telecom network equipment and training to key telecom operators within the ICIEC member states

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, is thrilled to announce a newly signed Memorandum of Understanding (MoU) with Huawei Technologies Co., Ltd. This strategic memorandum was signed on the…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Member Countries and Strategic Partners
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Member Countries and Strategic Partners

Agreements Signed on the Sidelines of the 2024 Islamic Development Bank Group (IsDB) Annual Meetings

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, commenced the first day of the 49th IsDB Group Annual Meeting with a series of strategic meetings and important signings. Held at the Intercontinental Hotel, Riyadh, the first day of the annual meetings…

Council of the European Union
Source: Council of the European Union |

Maritime Security: European Union to become an observer of the Djibouti Code of Conduct/Jeddah Amendment

The EU signals its strong support for an effective regional maritime security architecture, while strengthening its presence and engagement as a global maritime security provider in the fight against illegal activities at sea

The EU will soon become a ‘Friend’ (i.e., observer) of the Djibouti Code of Conduct/Jeddah Amendment, a regional cooperation framework to tackle piracy, armed robbery, human trafficking and other illegal maritime activities in the North-Western Indian Ocean, including the Gulf of Aden and the Red Sea. The Council today formally…

Hengyuan Dongli New Energy

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    • China Hengyuan Dongli New Energy
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    • Hengyuan Dongli New Energy President Xian Xiaoli Signs Contract at the World Future Energy Summit, Abu Dhabi
    • Hengyuan Dongli New Energy Signing Ceremony at the World Future Energy Summit, Abu Dhabi
    • Hengyuan Dongli New Energy Production Line in Jiuquan City, China
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Source: Hengyuan Dongli New Energy |

Gansu Hengyuan Dongli New Energy Limited Company Participated in the World Future Energy Summit and Announced Its Industrial Investment Plan

The company plans to build an inverter factory, a photovoltaic bracket factory and a wire and cable factory in the later stage, covering an area of about 160 mu and investing about 2 billion yuan

From April 15th to 20th, 2024, representatives of Gansu Provincial Government of China and Jiuquan Municipal Government participated in the World Future Energy Summit in Abu Dhabi also visiting Dubai and Saudi Arabia. During this period, Gansu Hengyuan Dongli New Energy Limited Company (www.HengyuanNewEnergy.com) signed contracts with several international solar…

Islamic Development Bank Institute (IsDBI)
Source: Islamic Development Bank Institute (IsDBI) |

CORRECTION: Professor Asutay Wins 2024 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics

Professor Asutay was selected for his novel work on Islamic moral economy and the articulation of Islamic finance to be supportive of sustainable development and the welfare of human beings

Professor Mehmet Asutay has been selected as the first-place winner of the 2024 Islamic Development Bank (IsDB) (https://IsDBInstitute.org/) Prize for Impactful Achievement in Islamic Economics in recognition of his significant and influential contributions to the field of Islamic economics and finance. The prize laureate is a professor of Middle Eastern…