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Banking and Finance

Banking and Finance latest

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 ...
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Al Bawaba
October 2nd, 2014 - 12:46 GMT

Time is money: deal reached on Dubai World debt restructuring

It also revealed that Gulf funding for African infrastructure has focused on North Africa, which has received the bulk of aid (about 65 per cent of the total).
October 1st, 2014 - 07:11 GMT

Diversifying to Africa: Gulf countries to pump $30 billion into the continent

Al Bawaba
October 1st, 2014 - 10:15 GMT

Western Union launches self-service money transfer kiosk service in the UAE

Al Bawaba
October 1st, 2014 - 10:02 GMT

Doha Bank opens its first electronic banking branch in UAE

On Sunday, Erdogan again slammed the credit agencies, saying they were making "foolish statements".
September 30th, 2014 - 09:44 GMT

Fitch urged to change its mind about Turkey

Strong economic data could prompt the US central bank to raise interest rates faster and sooner than expected, which could boost the dollar and hurt non-interest-bearing bullion.
September 30th, 2014 - 04:58 GMT

US Dollar hits four year peak, drags gold down

First Gulf Bank
September 30th, 2014 - 09:46 GMT

FGB recognised as an employer of choice by GCC Best Employer Brand Awards 2014

Al Bawaba
September 30th, 2014 - 04:26 GMT

MoF launches the second phase of the Federal Financial System

NASDAQ Dubai is the third largest exchange in the world by value for listed Sukuk, or Islamic bonds, at 19.2 billion dollars.
September 29th, 2014 - 04:51 GMT

Emirates NBD lists $500 million bond on NASDAQ Dubai

in late 1998, or 2009, the surge in the US dollar is a huge deflation shock to the Gulf’s pegged currencies and its impact will be a major.
September 29th, 2014 - 12:16 GMT

As American decade of easy money ends, Gulf currencies brace themselves for a 'nervous breakdown'

Traders in the black market told Sudan Tribune they expect the dollar price to decrease to 8 SDG.
September 29th, 2014 - 12:03 GMT

Sudanese pound strengthening against US dollar on black market

Al Hilal Bank
September 29th, 2014 - 11:28 GMT

Al Hilal Bank’s AED 100 ‘Eidiya’ to bring joy to children this Eid Al Adha 2014

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