Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

IsDB’s Lives and Livelihood Fund provides $1.5bn to 33 member states

The loan aims to provide trade finance solutions that comply with Islamic sharia principles.
By TRENDS Desk
June 3, 2022 10:15 am
  • Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative
  • The IsDB and development cooperation partners launched a US$2.5 billion LLF in 2016 with a joint vision to raise the poorest out of poverty

The Lives and Livelihoods Fund (LLF), part of the Islamic Development Bank (IsDB), has provided financing worth US$ 1.5 billion to 33 member states since its foundation in September 2016 through Q1-22, its head Dr. Waleed Addas told the Emirates News Agency (WAM) on the sidelines of the 2022 IsDB Group Annual Meetings, held in Sharm-Elsheikh.

Abu Dhabi Fund for Development (ADFD), is one of LLF’s key donor partners on this innovative initiative.

The IsDB and development cooperation partners launched a US$2.5 billion LLF in 2016 with a joint vision to raise the poorest out of poverty in IsDB member countries. 

The LLF is the largest development initiative of its kind in the Middle East and serves 33 IsDB member states.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]