Thursday , 6 December 2018
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The OPEC Fund for International Development (OFID)

Vienna, Austria As a result of an OPEC conference in Algiers in 1975, the OPEC Fund for International Development (OFID) was established in 1976. Member countries are all OPEC members except for Ecuador and Angola, i.e. Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates …

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Islamic Development Bank (IsDB)

The Islamic Development Bank is an international financial institution that fosters economic development and social progress of member countries and Muslim communities, individually and jointly, in accordance with the principles of Shari’ah i.e. Islamic Law. The IsDB Group currently has 56 member states from four continents that are also members …

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Silatech

Silatech is an innovative social enterprise that supports job creation and employability for young people (aged 18-30). Silatech was established in 2008 through a $100 million endowment by Her Highness Sheikha Moza bint Nasser Al Misned, the wife of the then Emir of Qatar, and mother of the new Emir, …

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Arab Gulf Programme for Development (AGFUND)

The Arab Gulf Programme for Development (AGFUND) is a regional organisation based in Riyadh, Saudi Arabia. AGFUND was established in 1980 upon the initiative of His Royal Highness, Prince Talal Bin Abdul Aziz with the support of leaders of the Gulf Cooperation Council countries: the United Arab Emirates, the Kingdom …

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GIZ-CAD and OFID support Madrasati project

GIZ and OFID joined the ongoing Madrasati Initiative in 2015 to expand their activities to 8 more schools which are particularly affected by the influx of Syrian refugees. The program focuses on the renovation of schools, the establishment of youth clubs with extracurricular activities and the training of school teachers. …

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Memorandum of Understanding (MoU) has been signed between GIZ and AMF

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Arab Monetary Fund (AMF) demonstrated their shared interest in a closer collaboration on issues of financial inclusion – particularly with regard to national financial inclusion strategies, SME finance and insurance – and signed a formal MoU in September 2015. Based on …

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Regional Youth Savings Initiative (RYSI)

In partnership with Silatech and the Microfinance Network of Arab Countries (Sanabel), CAD carried out the joint “Regional Youth Savings Initiative” to promote youth savings in Yemen, Egypt and Morocco. The initiative offered the provision of dedicated youth savings accounts with leading regional financial institutions. The saving products are combined …

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Women’s Access to Microfinance and Support of Victims of Violence, Yemen

The objective of the project is to provide access to businesses and microfinance services for disadvantaged women: current and former prisoners, victims of domestic violence living in shelters, and those in other destitute circumstances. The project will enable these women to reintegrate into economic and social life. The project Women’s Access to …

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Cooperation with Arab Donors (CAD) in the Middle East and North Africa

Background Arab states in the Gulf region are among the most prolific funding contributors to support development in the countries of the Middle East and North Africa. Funding by Arab bilateral and multilateral institutions accounts for two-third of total development assistance provided by countries that are not members of the …

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