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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 ...

Al Bawaba

January 19th, 2014 - 08:38 GMT

Inspirational running duo Henry Wanyoike and Joseph Kibunja back at the Standard Chartered Dubai Marathon 2014

The 50 percent increase is supposed to in part target elderly pensioners who comprise a significant percentage of the nearly 1.4 million poor families eligible for the new benefits (Courtesy of the Los Angeles Times)

January 19th, 2014 - 08:08 GMT

1.4 million poor pensioners in this Middle East country have something to smile about with new 50 percent increase policy

During the event

January 19th, 2014 - 07:29 GMT

Emirates Islamic wins double recognition at ICT Achievement Awards 2013

Bibi made 16 cuts one after another in the education budget, while calling the education system a 'cow that does not give milk';

January 16th, 2014 - 08:48 GMT

Going stingy on his country: Netanyahu hiding an offshore account for tax evasion purposes

The research team at Lebanon's Byblos Bank reported that many foreign-owned banks feel they can no longer compete with local lenders in the country (Courtesy of the Daily Star)

January 16th, 2014 - 10:10 GMT

Is Lebanon's banking sector shrinking?

Al Bawaba

January 16th, 2014 - 07:53 GMT

Standard Chartered participates in first UAE – UK Pioneers Forum

Look for more high quality businesses preparing for IPO in 2014. (Image credit: Shutterstock)

January 16th, 2014 - 07:23 GMT

Three factors that will drive 2014 IPO activity in the Middle East

Al Bawaba

January 16th, 2014 - 06:57 GMT

Abu Dhabi Islamic Bank – Egypt….. a year of achievements remarkable financial and structural results

Out of the 50 per cent of shares owned by non-Jordanians, Azar pointed out that 35 per cent of ASE shares are investments by Arab governments, sovereign and different investment funds and wealthy families.

January 15th, 2014 - 07:31 GMT

Why Jordan has every reason to be optimistic about its stock market in 2013

Ahmed Saad, SIB DCEO mediating the graduates at the ceremony

January 15th, 2014 - 09:27 GMT

Sharjah Islamic Bank appoints new skilled home-grown talents in leadership positions

Egyptian stock markets have been improving since last November (File Archive)

January 14th, 2014 - 01:55 GMT

Egypt stocks reach highest level since 2011 revolution

Jordan's then-Planning Minister Jafar Hassan signed a deal with the Saudi Fund for Development in February 2013 for development-related projects (Courtesy of the Jordan Times)

January 14th, 2014 - 12:59 GMT

Is development funding developing much in Jordan?