Islamic Development Bank sets out roadmap to promote Arab-African trade

March 5, 2017

Riyadh, Mar 5: The Islamic Development Bank (IDB) is developing a roadmap to strengthen Arab-African trade over the next three years, according to Hakim Elwaer, IDB’s official spokesman.

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The roadmap includes identifying business opportunities and the areas of finance, building logistics platform, supporting trade, credit and insurance, and developing the necessary infrastructure to facilitate trade.

IDB President Bandar Hajjar and Mamoun Buhedod, minister delegate to the Ministry of Industry, Trade, Investment and Digital Economy in Morocco, inaugurated the Arab-African Trade Bridges (AATB) forum held in Rabat last month.

IDB’s support for development programs and infrastructure projects in Africa has reached more than $43 billion, which included funding for projects in infrastructure, according to IDB’s website.

Hajar added that the volume of trade financing granted to Arab and African member countries since the establishment of the International Islamic Trade Finance Corporation (ITFC), which is IDB’s trade financing arm, has reached about $15 billion.

This is in addition to cooperation with many strategic partners to design and implement programs for the development of trade among member countries.

Hajar urged Arab and Sub-Saharan African countries to take advantage of capacity development programs to be available thanks to the “Arab-African Trade Bridges” program over the next three years.

The participants in the forum and side events included trade ministers, directors of trade promotion agencies, presidents of the chambers of commerce and industry representing OIC Arab and Sub-Saharan African member countries as well as international financial institutions and banks.

A number of memorandums of understanding were signed between the main participants during the forum’s inauguration ceremony.

The initiative of the “Trade Bridges between Arab and Sub-Saharan African countries” forum was proposed by the ITFC during the seventh meeting of the Coordination Group to support cooperation in the field of foreign trade and export credit.

Besides ITFC, the Coordination Group includes the Arab Bank for Economic Development in Africa (BADEA), the Islamic Corporation for the Insurance of Investment and Export Credit (ICD), the Arab Trade Financing Program, the Arab Monetary Fund, the OPEC Fund for International Development, the Saudi Fund for Development and the Arab Investment & Export Credit Guarantee Corporation.

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January 14,2025

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Jeddah: In a significant step towards strengthening bilateral ties and religious collaboration, Saudi Arabia and India signed the 2025 Hajj agreement during a ceremony in Jeddah.

The agreement was formalized by Saudi Arabia’s Minister of Hajj and Umrah, Dr. Tawfiq F. Al-Rabiah, and India’s Minister for Parliamentary and Minority Affairs, Kiren Rijiju. The event was attended by key dignitaries, including the Indian Ambassador to Saudi Arabia, Dr. Suhel Ajaz Khan, and the Consul General of India in Jeddah, Fahad Ahmed Khan Suri.

Under the agreement, Saudi Arabia has allocated a quota of 175,025 pilgrims from India for the 2025 Hajj season. Of this, 70% of the slots will be managed by the Hajj Committee of India, while the remaining 30% (approximately 52,507 slots) will be facilitated by private Hajj Group Organizers in line with India’s Haj Policy 2025.

The agreement emphasizes improving the overall pilgrimage experience for Indian Hajjis, focusing on enhanced services, expanded facilities, and streamlined logistical arrangements.

Minister Kiren Rijiju expressed the Indian government’s commitment to providing the best possible services to pilgrims. “Our government is dedicated to ensuring an improved and hassle-free pilgrimage experience for all our Hajjis,” he stated. He also thanked Saudi authorities for their cooperation and support.

During his visit, Minister Rijiju met with Sheikh Dr. Mohammed Al-Issa, Secretary-General of the Muslim World League, to discuss interfaith dialogue and global peace initiatives. He acknowledged Dr. Al-Issa’s impactful visit to India and praised his efforts in promoting harmony.

The minister also visited the Jeddah Hajj Terminal to inspect and review the arrangements and preparations for Hajj 2025. This visit underscored the commitment to ensuring a seamless and enhanced pilgrimage experience for Indian Hajjis through meticulous planning and improved facilities.

Indian Prime Minister Narendra Modi welcomed the agreement, describing it as “wonderful news” for Indian Hajis. In a post on X, he reiterated his government’s unwavering commitment to improving the pilgrimage experience for devotees.

(Inputs from Dr P A Hameed Padubidri, Riyadh)

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January 19,2025

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The planned ceasefire agreement between the Palestinian Hamas resistance group and Israel has taken effect after deadly strikes by the usurping regime on the Gaza Strip.

The truce deal was set to begin at 8:30 a.m. local time (06:30 GMT) on Sunday to end the 15-month-long Israeli genocidal war on the besieged territory but was delayed for almost three hours. It finally went into effect at 11:15 a.m. local time.

Earlier in the day, the Israeli military said that it continued to carry out attacks on Gaza as Hamas had not provided a list of captives to be released under the ceasefire.

Israeli army spokesman Rear Admiral Daniel Hagari said in a televised statement that the regime’s military “continues to strike within the Gaza area at this time. According to the prime minister’s directives, the ceasefire will not come into effect until Hamas fulfills its commitments.”

He echoed an earlier statement from prime minister Benjamin Netanyahu, who ordered the occupation’s military not to implement the Gaza truce until Hamas issues the names of the Israeli captives to be released.

Meanwhile, Hamas said the delay in handing over the names of the captives is due to “technical and field reasons.”

In a statement issued on Telegram, the resistance group reaffirmed its commitment to the terms of the ceasefire agreement.

Afterwards, Hamas provided a list of the three Israeli captives to be freed later on Sunday.

13 Palestinians killed during ceasefire delay

Gaza’s Civil Defense said 13 people have been killed and more than 30 others injured in the Israeli bombing of Gaza on Sunday morning during the nearly three-hour delay in the start of the ceasefire.

Gaza’s Government Media Office announced that it had begun deploying thousands of Palestinian police officers tasked with maintaining security and order in the blockaded territory.

“Ministries and government institutions are fully prepared to begin work according to the government plan [and] to implement all measures that ensure life returns to normal as soon as possible,” it added.

Israel unleashed its brutal Gaza onslaught on October 7, 2023, after Hamas carried out a historic operation against the occupying entity in retaliation for its intensified atrocities against the Palestinian people.

However, the Tel Aviv regime failed to achieve its declared objectives of freeing captives and eliminating Hamas despite killing nearly 47,000 Palestinians, mostly women and children, in Gaza.

Earlier this week, Israel was forced to agree to a ceasefire, accepting Hamas' longstanding negotiation terms.

The ceasefire deal consists of three phases, each lasting 42 days. Negotiations for the second and third phases will begin 16 days after the implementation of the first phase. 

The first phase will see the release of some 1,900 Palestinian abductees in exchange for 33 Israeli captives held in Gaza. It also requires Israeli occupation forces to begin withdrawing from the Philadelphi corridor - also known as the Salah al-Din axis - on the Gaza-Egypt border.

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January 17,2025

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Despite the announcement of a ceasefire deal, Israel has intensified its airstrikes and artillery shelling on Gaza, especially its residential buildings, killing more than 100 Palestinians.

Gaza’s civil defense said on Friday at least 101 Palestinians, including 27 children and 31 women, have been killed by Israeli strikes in Gaza since the ceasefire announcement on Wednesday.

The attacks have also left more than 264 injured, according to the rescue agency.

Most of the killings came in Gaza City.

The report comes as Israeli attacks have shown no sign of slowing on the ground, with dozens of strikes reported on Friday.

In northern Gaza’s Jabalia, nine members of a Palestinian journalist’s family, including women and children, were killed.

Two more Palestinians were killed in a separate Israel airstrike in the Jabalia al-Balad area, in the north of Gaza. 

Jabalia has come under fierce attack since the Gaza ceasefire announcement this week. On Thursday, at least 20 were killed in one attack in the area.

At least five others were also killed in another attack that targeted a home, east of Khan Younis City, in Southern Gaza on Friday.

To the west of Khan Younis, three people were killed in attacks on tents housing displaced people.

Another tent was targeted in Nuseirat camp in central Gaza, killing one person.

That's while Israel’s prime minister Benjamin Netanyahu said he would convene his cabinet later on Friday to approve the long-awaited ceasefire.

Israel launched a genocidal war on Gaza on October 7, 2023, after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Storm against the occupying entity in response to the Israeli regime's decades-long campaign of bloodletting and devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed at least 46,788 Palestinians, mostly women and children, and injured more than 110,453 others. Thousands more are also missing and presumed dead under rubble.

The ceasefire, announced on Wednesday, consists of three phases and would come into effect on Sunday over 42 days.

The truce deal stipulates that a large-scale prisoner exchange will occur, including the release of 1,000 prisoners from Gaza and hundreds of detainees serving lengthy sentences.

The first stage involves the release of 33 captives, including "children, women, female soldiers, men above 50, and the wounded and sick," as well as a gradual, partial withdrawal of invading Israeli units.

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