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Economic development

IsDB Group Business Forum (THIQAH) Signs Two MoUs with Algerian Institutions

Strategic Insights

— 1 min read

The Islamic Development Bank Group Business Forum (THIQAH) has taken a significant step in strengthening economic cooperation and promoting investment by signing two Memorandums of Understanding (MoUs) with prominent Algerian institutions. The agreements were signed with the Algerian Chamber of Commerce and Industry (CACI) and the Arab African Center for Investment and Development (CAAID) during the Private Sector Forum in Algiers. These MoUs aim to promote sustainable development, enhance regional and global economic integration, and stimulate economic development in Algeria and other IsDB member countries.

Key Takeaways:

  • The IsDB Group Business Forum (THIQAH) signed two MoUs with the Algerian Chamber of Commerce and Industry (CACI) and the Arab African Center for Investment and Development (CAAID) to promote economic cooperation and investment.
  • The MoUs with CACI focus on exchanging information on trade and investment opportunities, encouraging mutual participation in economic events, and promoting business delegations.
  • The agreement with CAAID centers on enhancing cooperation in the fields of investment and development, including organizing regional and international conferences and facilitating business delegation exchanges.
  • THIQAH aims to foster national and regional partnerships, stimulate private sector investments, promote inclusive growth, and support the IsDB Group's sustainable development goals.
  • The IsDB Group Business Forum (THIQAH) serves as the private sector interface of the IsDB Group, facilitating engagement and collaboration between the Group entities and businesses in member countries.

Statistics:

  • 2 MoUs signed with the Algerian Chamber of Commerce and Industry (CACI) and the Arab African Center for Investment and Development (CAAID)
  • The agreements were signed during the Private Sector Forum in Algiers, which took place on the sidelines of the IsDB Group Annual Meetings
  • THIQAH has a core aim to support services and confidence to investors while promoting cross-border investment flows within member countries
  • The IsDB Group Business Forum (THIQAH) has been serving as the private sector interface of the IsDB Group since an unspecified date

Sources:

  • THIQAH (www.IDBGBF.org)
  • Islamic Development Bank Group Business Forum (THIQAH)
  • Islamic Development Bank Group Business Forum (THIQAH) (Category: Investment Banking & Brokerage, Financial/ Capital Market, M&A Activities)
  • Contify.com (Copyright 2017)

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