World Bank (WB) has pledged a first phase donation of $100 million to assist Bangladesh in implementing the current fiscal budget, a WB official said yesterday.
This first phase assistance will be provided for the government’s food security programmes for…

The Indonesian government announced a plan to issue global sharia bonds to November from October this year, Director General of Debt Management at the Finance Ministry of Indonesia, Rahmat Waluyanto, said to Indonesian media sources last week.
“The global sharia…

Prince Karim Aga Khan, Imam of the Shia Ismaili Muslims, Monday expressed his interest in investing in various socioeconomic sectors, including financial services, education and health, in Bangladesh.
He also offered his community’s services to build bridges between Bangladesh and…

In Nigeria, the government of Nasarawa State has allocated $27 million (€18 million) to improve ethanol processing and agricultural production. The state intends to construct an Agro Export Conditioning Centre at Keffi and establish a cassava ethanol processing plant at…

Bangladesh has sought a $100 million loan from the Asian Development Bank (ADB) to develop its largest gas-producing Titas field. “The ADB has agreed to provide the loan as we had asked for,” said M. Tamim, a special aide to…

BP Plc, RWE AG and Royal Dutch Shell Plc agreed to spend $950 million on oil and gas exploration off Egypt as the nation seeks to ramp up output amid record energy prices, the Egyptian Petroleum Ministry said, as reported…

IM Technologies Pakistan, a Malpak-IJM venture, has secured the award from Karachi Development Co to build an IT Tower Complex at Hassan Square, Karachi.
IJM Corp, via joint-venture company IM Technologies Pvt Ltd, has clinched a RM632 million (nearly 200m US$)…

Pakistan will increase its imports of jute from Bangladesh, a delegation of Pakistan Jute Mills Association (PJMA) said recently, as reported by Bangladeshi news source. The visiting six-member team of Pakistani business leaders led by PJMA president Abdul Khaliq was…

The US government has provided a grant of N1.3 billion to develop Nigeria’s agricultural sector. The loan is part of the partnership between the United States Agency for International Development (USAID), Bank PHB and Skye Bank. The partnership is being…

A local private commercial bank has tied up with a leading micro-credit lender to reach out remittances to its beneficiaries in rural remote areas fast, as reported by Bangladeshi media. The National Credit and Commerce Bank Limited has taken the…