ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
The board of the Islamic Development Bank Group has approved investments worth $2.4 billion across projects in six countries, including Bahrain and Jordan. The The board of the Islamic Development Bank Group has approved investments worth $2.4 billion across projects in six countries, including Bahrain and Jordan. The

Islamic Development Bank grants $500m for Bahrain and Jordan

Author: Agbi
Source: Agbi
2026/02/24 21:28
2 min read
Lorenzo Protocol
BANK$0.0391+3.79%
SIX
SIX$0.00924-3.24%
4
4$0.007577+0.99%

The board of the Islamic Development Bank Group has approved investments worth $2.4 billion across projects in six countries, including Bahrain and Jordan.

The Jeddah-based IDB will invest $330 million to expand Bahrain’s industrial capacity. This will include the development of reclaimed land and the upgrading of utilities and connectivity, which will encourage the setting up of more advanced manufacturing and export-orientated industries, boost private investment and stimulate job creation, it said in a statement.

It also approved $160 million to promote the utilities, water and urban development sectors in Jordan. This is intended to secure the future supply of drinking water for Aqaba, Amman and the northern regions of the country, helping to mitigate the impacts of climate change, drive economic growth and promote private-sector involvement in the water sector.

IDB approved $135 million for the upgrading of the Dakar Expressway project in Senegal, $40 million for the Central Asia South Asia electricity transmission and trade project in Tajikistan, $1.3 billion for the development of economic and industrial zones in Kazakhstan and $437 million to improve agricultural productivity in Azerbaijan.

In December 2024 the Arab Coordination Group, an alliance of 10 development funds, agreed to provide $10 billion by 2030 to combat land degradation, desertification and drought. 

IDB is a multilateral development finance institution headquartered in Jeddah. Set up by the Organisation of Islamic Cooperation in 1973, it has since grown to include 57 member states, with Saudi Arabia as its largest shareholder.

Further reading:

  • Gulf states pledge billions for Board of Peace Gaza plans
  • Jordan gets $189m loan to support huge water project
  • ADFD loans $100m for Tajikistan hydropower 
Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.03909
$0.03909$0.03909
+0.28%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Stellar (XLM) Price Near Major Reversal Zone: Key Levels Could Decide the Next Move

Stellar (XLM) Price Near Major Reversal Zone: Key Levels Could Decide the Next Move

Stellar price is hovering around $0.15 after a steep decline from its previous cycle high near $0.93. That drop has been sharp and prolonged, leaving XLM price
Share
Captainaltcoin2026/02/25 00:30
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41
UAE’s Second Largest Bank Eyes Bitcoin Allocation, Backs Tokenization

UAE’s Second Largest Bank Eyes Bitcoin Allocation, Backs Tokenization

The post UAE’s Second Largest Bank Eyes Bitcoin Allocation, Backs Tokenization appeared on BitcoinEthereumNews.com. Emirates NBD, which is the second-largest bank
Share
BitcoinEthereumNews2026/02/25 00:39