ISLAMIC FINANCE

30 Apr 2015

IDB refutes Bloomberg’s statement on Egypt repayment issues

Ahmad Mohamed Ali, president of the Islamic Development Bank Group, has emphatically denied allegations on Bloomberg's website that the bank has demanded that Egypt pay its overdue debts before IDB will finance further projects.

The president of IDB stressed that Bloomberg’s allegations were not founded on reality since there is no issue of overdue...

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30 Apr 2015

Agreements to be signed with IDB to bolster cooperation: Al-Ahwani

Egypt’s Ministry of International Cooperation will sign a strategic partnership with the Islamic Development Bank Group to further enhance bilateral collaboration, amid reports that the lender halted additional lending to the country until repayments are made.


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28 Apr 2015

IDB Seeks Egypt Repayments Before New Islamic Debt Is Issued

Egypt will need to complete projects and start repaying loans if it wants more funds from the Islamic Development Bank.


The Arab world’s most populous nation got $1.3 billion from IDB, pushing the Jeddah, Saudi Arabia-based multilateral lender beyond a self-imposed limit on how much it can lend. IDB and"......

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27 Apr 2015

IDB’s Islamic Cash Closed to Egypt Until Loan Repayment Starts

Egypt will need to complete projects and start repaying loans if it wants more funds from the Islamic Development Bank.

The Arab world’s most populous nation got $1.3 billion from"...

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