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.


KSRelief launches new phases of rehabilitation program for 2,000 child soldiers in Yemen

Updated 22 June 2018
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KSRelief launches new phases of rehabilitation program for 2,000 child soldiers in Yemen

DUBAI: The King Salman Humanitarian Aid and Relief Centre launched on Thursday the fifth and sixth phases of the rehabilitation program for children recruited by the Houthi militias and forced into the armed conflict.

The two phases aim to rehabilitate 80 child soldiers from different governorates of Yemen, Saudi press agency SPA reported.

The previous stages carried out by the center targeted the recruits from the governorates of Amran, Al-Jawf, Marib and other governorates, where they were rehabilitated and integrated into society.

The project aims to rehabilitate 2,000 child soldiers.