Islamic Development Bank grants $63.3 million to Sudan

Updated 09 April 2018
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Islamic Development Bank grants $63.3 million to Sudan

  • IDB agreed to lend Tunisia $185 million
  • IDB is a Jeddah-based multilateral development financing institution
JEDDAH: A grant agreement worth $63.3 million for the establishment of facilities and services in South Darfur, Western Sudan, was signed by the Islamic Development Bank (IDB) in Tunis on Saturday.
Fluctuations on the foreign currency black market forced the Sudanese central bank to twice devalue the pound since January.
The pound hit an all-time low in January when it was selling for between 43 and 45 to the dollar.
Earlier this month, the IDB agreed to lend Tunisia $185 million to finance developments including an electricity project, an official told Reuters.
The bank agreed to finance an electricity link worth $150, as well as the construction of hospitals in Kasserine and Kef worth $34 million.
Founded in 1973, the IDB is a Jeddah-based multilateral development financing institution. It began its activities in 1975. The present membership of the bank consists of 57 countries.
The IDB is engaged in a wide range of specialized and integrated activities such as project financing in the public and private sectors; and boosting economic and trade cooperation among member countries.


21 MERS cases detected across Saudi Arabia in one week

Updated 2 min 31 sec ago
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21 MERS cases detected across Saudi Arabia in one week

  • Twelve patients were admitted to hospitals, six were quarantined, and three have since died
JEDDAH: The current epidemiological week has seen an increased number of Middle East respiratory syndrome coronavirus (MERS-CoV) infections, with 21 new cases reported in the Kingdom, of 15 men and six women, including three fatalities, according to an electronic survey conducted by the Ministry of Health.
Of the 21 cases reported, 16 are in the city of Wadi Al-Dawasir, three in Riyadh and the other two cases in Buraydah and Najran.
According to the survey, the youngest patient, 16, had close contact with an infected subject, while the oldest patient, an 80-year-old lady, acquired the infection while under medical care.
Twelve patients were admitted to hospitals, six were quarantined, and three have since died.
Field teams from the Ministry of Environment, Water, and Agriculture also detected positive MERS samples in camels in the affected areas.
The Health Ministry command and control center called upon citizens and residents to take precautions when coming into close contact with camels by complying with general hygiene measures, such as regular hand washing before and after touching animals, avoiding contact with sick animals and wearing protective clothing when handling them.