Economy

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

IsDB, Jordan sign two pacts to support food security, tourism sector

The loan aims to provide trade finance solutions that comply with Islamic sharia principles.
By TRENDS Desk
September 30, 2022 12:51 pm
  • Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the modernization of the public sector
  • President of the IsDB Group, Dr. Mohammad Sulaiman Al-Jasser affirmed the IsDB's interest in continuing to support and implement development and service projects in Jordan

Jeddah, Saudi Arabia – The Jordanian government and the Islamic Development Bank Group (IsDB) signed two agreements here on Thursday to support the food security and the tourism sector, with a value exceeding $210 million. 

Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the modernization of the public sector.

President of the IsDB Group, Dr. Mohammad Sulaiman Al-Jasser affirmed the IsDB’s interest in continuing to support and implement development and service projects in Jordan, in addition to working with the international community, other development partners and the private sector to enhance partnership and cooperation to support social and economic development efforts in Jordan.

The two sides also signed an interest-free loan agreement worth $10 million and a $50,000 technical assistance grant agreement to support small and medium enterprises in the tourism sector. 

 

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