Economic development
The International Islamic Trade Finance Corporation (ITFC) has been recognized with a GTR Best Deals of 2025 award for its innovative US$150 million Murabaha financing facility to support Tèkiye's post-earthquake economic recovery. This landmark Shariah-compliant financing facility was designed for post-disaster recovery and delivered working capital support
Economic development
The World Bank Board of Executive Directors has approved $360 million from the International Development Association for the Second Resilient Recovery Development Policy Financing operation in Ghana. This investment aims to provide macroeconomic stability and sustainable conditions for job growth in the country. Additionally, the operation seeks to improve energy
Economic development
The Ugandan government is set to showcase its export promotion strategies, tourism potential, and investment opportunities at the UK-Africa Business, Trade, and Investment Summit 2025 in London. Led by Internal Affairs State Minister Gen David Rubakuba Muhoozi, the delegation will highlight the country's ten-fold growth strategy, aiming to
Economic development
The International Islamic Trade Finance Corporation (ITFC) has been recognized with a Global Trade Review (GTR) Best Deals of 2025 award for its innovative US$150 million Murabaha financing facility, designed to support Turkey's post-earthquake economic recovery. The financing facility was developed in response to the devastating earthquakes
Economic development
Researchers at Brac have reported significant improvements in sanitary toilet usage and access to safe water in low-income urban settlements over the past five years. The Integrated Rehabilitation Programme for Health and WASH (Water, Sanitation and Hygiene) Services, funded by the King Abdullah bin Abdulaziz Program (KAAP) through the Islamic
Economic development
The United Nations Industrial Development Organization (UNIDO) has developed a draft curriculum aimed at enhancing the production, handling, and marketing of raw hides and skins in Ethiopia. The curriculum is part of a broader effort to modernize the country's leather sector. Created in collaboration with the Ministry of
Economic development
A significant milestone in Chhattisgarh's industrial development was reached with the signing of a Memorandum of Understanding (MoU) between Jindal Steel Chhattisgarh Limited (JSCL) and the State Government. The MoU marks a crucial step towards establishing Chhattisgarh as a global industrial hub, with JSCL committing to set up
Economic development
Amid an unstable external environment, Chinese President Xi Jinping emphasized the importance of advancing the building of a unified national market and promoting high-quality development of the marine economy. This strategic shift aims to create new growth poles, enhance China's resilience in global industrial chains, and drive endogenous
Economic development
The Kingdom of Saudi Arabia has demonstrated its ongoing commitment to building a competitive and sustainable industrial sector, leveraging its strategic location, natural resources, and advanced infrastructure. This commitment was reaffirmed by Vice Minister of Industry and Mineral Resources for Industrial Affairs Eng. Khalil bin Salamah during the 53rd session
Economic development
In a significant move to meet the projected water demand of 1,257 million litres per day (MLD) in Navi Mumbai by 2050, the City and Industrial Development Corporation (CIDCO) has launched several critical water infrastructure projects. These initiatives are aimed at providing a sustainable water supply to CIDCO'
Economic development
The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) have signed a Memorandum of Understanding (MOU) to strengthen their collaboration on sustainable economic development, aiming to boost infrastructure development and economic opportunities across the African continent. The MOU, signed on June 28, 2025, builds on an earlier agreement
Economic development
Consul General Dai Yuming recently attended a luncheon hosted by the Canada Chinese Entrepreneurs Council (CCEC) in Montreal, where he introduced China's economic development achievements and explored opportunities for economic and trade cooperation between China and Canada, and between China and Quebec. The event highlighted the broad prospects
