The research arm of the Islamic Development Bank plans to use blockchain technology to develop Shariah-compliant products, aiming to support financial inclusion efforts across its member countries.
The Jeddah-based Islamic Research and Training Institute said it had signed an agreement with local firm Ateon and Belgium-based SettleMint, with the first stage to focus on a technical feasibility study.
The agreementRead more
The 2nd Government Procurement & Contracting Conference and Exhibition ( Moushtarayat 2017) recorded a big turnout of entrepreneurs, participants from small and medium-sized enterprises (SMEs), members of the larger business community and media personnel at its pavilions, which were largely hosted by government and semi-government organizations. The expo, organized by Qatar Development Bank (QDB), was held in partnership with theRead more
The German Development Bank (KFW) has an agreement to grant 44 million euros to Jordan to finance the second phase of a project supply energy for host communities and Syrian refugees in the country, Jordanian news agency Petra reported.
The project aims to reduce the cost of energy consumption through using renewable energy by 30-35 megawatt, the Jordanian Ministry ofRead more
The German Development Bank (KFW) has an agreement to grant 44 million euros to Jordan to finance the second phase of a project supply energy for host communities and Syrian refugees in the country, Jordanian news agency Petra reported.
The project aims to reduce the cost of energy consumption through using renewable energy by 30-35 megawatt, the Jordanian Ministry ofRead more
The Asian Development Bank (ADB) signed US$32 million equity investment agreement with CreditAccess Asia (CAA), that operates microfinance institutions (MFIs) across Asia, currently serving approximately 1.8 million customers, 99.8% of whom are women.
The investment will provide CAA with growth capital and support for its pan-Asia microfinance operations, increasing financial inclusion across the region. A US$500,000 technical assistance grant isRead more