IFC, a member of the World Bank Group, has signed an agreement to provide subordinated loans of $150 million for 10 years to leading Lebanese bank Bank Audi.
The deal was signed in co-ordiantion with the IFC Capitalization Fund, m
Masdar, Abu Dhabi’s renewable energy company, and the International Finance Corporation (IFC), the private sector arm of the World Bank, plan to collaborate on the advancement of clean energy projects.
The Memorandum of Unde
Bank Muscat agreed on an equity investment worth 75.1 million rials ($195.1 million) from the International Finance Corp, it said on Wednesday, a move which will bolster the capital base of Oman's largest lender.
IFC, a member of the World Bank Group, has announced $6 million investment in Fawry, Egypt’s leading electronic payment provider, in an effort to extend crucial financial services and encourage economic development across the country.
The World Bank's financial arm International Finance Corp (IFC) plans to increase its investments in Yemen, Iraq and North Africa next year to help support development and job creation, a senior IFC executive said.
Emerging markets are a major part of the growth story in the world, led by China, but more and more by other countries where the middle-class is evolving, said the chief executive of International Finance Corp (IFC).
New figures released b
The World Bank is hoping to raise a $500 million fund to invest in the Middle East and North Africa (Mena), saying that the region's needs in the wake of the Arab Spring uprisings are more than it can manage itself.
IFC, a member of the World Bank Group, is investing up to $124 million in the Mediterranean and Gulf Insurance and Reinsurance Company (Medgulf), a leading regional insurer which has a major presence in Bahrain.
The investment will help th
The World Bank's investment arm aims to pump around $800 million mainly into Iraq's energy and banking industries over the next three years to help boost development in the private sector, a senior IFC official said.
Rashad Kaldany, vice p
Singapore topped the list of countries in the latest IFC and World Bank report on ease of doing business, while Saudi Arabia led the Middle East region on the list.
Economies continued to implement reforms that enhance local firms’ a