Islamic Development Bank and Azerbaijan sign financing framework deal News

RIYADH: Saudi Arabia’s Islamic Development Bank is set to provide a financing framework for Azerbaijan through a new agreement.  The IsDB and the country’s Ministry of Economy signed a memorandum of understanding to establish a cooperative funding structure to potentially strengthen the bank’s support for Azerbaijan’s social and economic development, according to a release by … Read more

French prosecutors seek Lafarge trial for terror financing News

PARIS: French prosecutors have recommended that cement maker Lafarge stand trial on charges of terrorism financing over its past activities in Syria, a source close to the case told AFP Friday. France’s anti-terror prosecution unit (PNAT) wants to put the company and nine of its former managers in the dock, the source said. Lafarge has … Read more

SIDF opens financing solutions to PIF alumni through a cooperation agreement News

RIYADH: Financing solutions offered by the Saudi Industrial Development Fund are now accessible to alumni of the supplier development programs of the Kingdom’s sovereign wealth organization. SIDF has entered into an agreement with the Public Investment Fund to foster collaboration among distributors and program graduates under its “Tawteen” initiative. This partnership facilitates access to financing … Read more

US sanctions network financing Houthi Red Sea shipping attacks News

GENEVA: The United Nations on Thursday said the human rights situation in the occupied West Bank was rapidly deteriorating and urged Israel to “end unlawful killings” against the Palestinian population.A report released Thursday demanded an immediate end to the use of military weapons and means during law enforcement operations, an end to arbitrary detention and … Read more