Economic development
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, concluded its participation at the 2025 IsDB Group Annual Meetings in Algiers with notable achievements that underscore its role in facilitating trade and economic development in OIC Member Countries. The Corporation signed a total
Economic development
The African Development Bank Group's Regional Integration Coordination Office will launch its inaugural Integrate Africa Magazine on May 26, in Abidjan, Cote d'Ivoire, during the Bank Group's 2025 Annual Meetings. The magazine aims to showcase the Bank's investments in regional development, highlighting
Economic development
Euskirchen, Germany has re-entered the federal and state urban development funding program after being re-included in the program. This follows the city's submission of a new initial application in September 2024, directly continuing the Integrated Urban Development Concept (ISEK) for Euskirchen City Center, which has been in place
Economic development
Environmental impact assessments for development projects in Amazon countries have undergone a significant transformation from biased, centralized procedures to more rigorous processes that aim to avoid conflicts of interest. The focus has shifted from solely environmental impacts to social impacts as well, with a growing emphasis on mitigating or compensating
Economic development
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
Economic development
Aliko Dangote, the President of Dangote Group and Africa's richest man, has revealed that the Federal Government of Nigeria earns a mere 52 kobo from every one naira generated by his cement company, Dangote Cement Plc. This staggering figure highlights the heavy taxation burdens and regulatory challenges that
Economic development
The National Bank of Malawi (NBM) plc has taken a significant step towards promoting economic development in the country by establishing a partnership with the Public Private Partnership Commission (PPPC). NBM Development Bank Limited, a subsidiary of NBM plc, will provide access to long-term financing for transformative development projects across
Economic development
The Pimpri-Chinchwad Municipal Corporation (PCMC) has initiated a comprehensive plan to empower vulnerable communities and promote inclusive urban development through the City Livelihood Action Plan (C-LAP). The plan, developed under the Government of India's Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), aims to address city-specific livelihood needs and
Economic development
Pakistan's industrial sector may be headed for a significant decline due to the government's newly announced National Tariff Policy 2025-30. The policy's peak tariff of 15% could expose local auto parts manufacturers to cheaper imports, leading to widespread factory closures and the potential loss
Economic development
The global modular chillers market is expected to exhibit significant growth, driven by increasing adoption of energy-efficient HVAC systems and rising demand for cost-effective and scalable cooling solutions. The market, which was valued at USD 2.93 billion in 2023, is projected to reach USD 5.07 billion by 2032,
Economic development
Sukuk, a shariah-compliant financial instrument, has become a vital tool for managing liquidity, controlling inflation, and attracting both domestic and international investors. According to Mohammad Sharaf, Treasurer of the Islamic Development Bank (IsDB), countries should prioritize issuing sukuk in local currencies to cultivate a homegrown financial landscape. This approach helps
Economic development
The Islamic Development Bank (IsDB) has been urged to increase its support for green energy and the Rogun hydropower project in Tajikistan, according to Minister of Economic Development and Trade Zavqi Zavqizoda. During a meeting with IsDB President Muhammad Al Jasser on the sidelines of the IsDB Group's
