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International Islamic Trade Finance Corporation (ITFC) Signs US$750 Million Framework Agreement with Djibouti to Finance Strategic Trade in the Horn of Africa

June 21st, 2026 - 05:12 GMT

International Islamic Trade Finance Corporation (ITFC) Signs US$750 Million Framework Agreement with Djibouti to Finance Strategic Trade in the Horn of Africa

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$750 million Framework Agreement with the Republic of Djibouti to guide trade finance cooperation between the two parties from 2026 to 2029. The agreement was signed on the sidelines of the IsDB Group Annual Meetings in Baku by H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance, in charge of Industry, and IsDB Governor for the Republic of Djibouti, and Eng. Adeeb Yousuf Al Aama, Chief Executive Officer, ITFC. Under ...

The fall in the lira seemed to worry investors, who pushed the main stock index Borsa İstanbul (BIST) down 1.8 percent.

January 26th, 2014 - 03:55 GMT

And it's getting worse: Turkish lira hits new low

Al Bawaba

January 26th, 2014 - 03:55 GMT

Jordan's Arab Bank celebrates 43% net profit hike

The Dubai Financial Market index, the best performer among 90 benchmarks tracked globally, jumped 3.57 per cent, or 131.7 points.

January 24th, 2014 - 08:49 GMT

What crisis? Dubai markets at new hit five year high!

Al Bawaba

January 23rd, 2014 - 11:36 GMT

Emirates NBD sponsors Umm Al Quwain Crown Prince Football Tournament 2014

Lebanese authorities say that Syrian refugees have been a huge economic burden in their country (File Archive/AFP)

January 23rd, 2014 - 11:07 GMT

To relieve economic burden of refugee crisis, U.N. is buying Lebanese

The dangers of the growing lack of clear global political leadership at time when global governance is drifting will be a major theme at this year’s Annual Meeting of the World Economic Forum in Davos.

January 22nd, 2014 - 12:07 GMT

Davos' World Economic Forum gathering to focus on global governance

Al Bawaba

January 21st, 2014 - 09:38 GMT

Emirates NBD offers football fans opportunities to win tickets to 2014 FIFA World Cup

Al Bawaba

January 21st, 2014 - 09:34 GMT

Doha Bank recommends the distribution of 45 per cent of the paid-up capital as a cash dividend to the shareholders for the year 2013

Al Bawaba

January 21st, 2014 - 05:58 GMT

alizz islamic bank announces prelimenary 2013 financial results

The continued political instability makes real economic reform nigh impossible, and in turn the lack of real economic reform will continue to destabilise the political situation

January 21st, 2014 - 03:55 GMT

With the new constitution passed, should you now be investing in Egypt?

The banks say that at foreign institutional investors, especially in Europe, investment committees decide on investments, and that human rights is one of the considerations about an investment in a particular share

January 20th, 2014 - 10:38 GMT

The impending avalanche? More European funds mull boycotting Israel

Egypt has been the biggest beneficiary of the Gulf States’ generosity.

January 19th, 2014 - 10:34 GMT

Recap: How are the Gulf's investments doing in North Africa's Arab Spring economies?