The Islamic Development Bank (IsDB) and King Salman Humanitarian Aid and Relief Centre (KSrelief) signed a Donor Contribution Agreement worth US$ 100 million to advance sustainable development in middle- and low-income member countries
The five-year agreement was signed by IsDB President, Dr. Muhammad Al Jasser and KSrelief Supervisor General, Dr. Abdullah Al Rabeeah in Riyadh On the margins of the 4th Riyadh International Humanitarian Forum.
The funds have been allocated for the second phase of the Lives and Livelihoods Fund (LLF 2.0).
"LLF 2.0 will strengthen the member countries’ capacity for high-impact and future-ready development, aligned with their needs and SDG-driven priorities. Forms of collaboration will include direct financial and technical assistance for effective project implementation to achieve meaningful results at scale," - IsDB's press-release said.
The donor investments provide concessional financing to countries for scaling up primary health care systems, improving livelihoods and productivity of smallholder farmers, and building the blocks of social infrastructure. LLF’s multisector initiatives are also designed to address cross-cutting issues such as climate adaptation, and women and youth empowerment development.
The Lives and Livelihoods Fund is a US$ 2.5 billion development initiative launched in 2016 and funded by an unprecedented global coalition of the Abu Dhabi Fund for Development (ADFD), Gates Foundation, the Islamic Development Bank, the Islamic Solidarity Fund for Development (ISFD), King Salman Humanitarian Aid and Relief Centre, and the Qatar Fund for Development (QFFD).
Iran and Afghanistan are working to strengthen diplomatic and economic ties as the Taliban seeks greater engagement with the United States. The discussions focus on trade, security, and regional stability, highlighting shifting alliances in the region amid ongoing geopolitical tensions.
Asian stock markets experienced a significant decline on Thursday following the announcement by US President Donald Trump of new reciprocal tariffs on several US trade partners. The tariffs, which range from 10% to 50%, were announced by Trump on April 2, a day he referred to as “Liberation Day.”
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
TikTok’s fate in the United States is once again hanging in the balance, as a looming deadline threatens to force a sale—or trigger a nationwide ban—amid a flurry of last-minute bids and high-stakes political maneuvering.
A roundtable discussion on Azerbaijan’s demining initiatives was held at the Hudson Institute in Washington, organized by the Azerbaijani Embassy. Representatives from ANAMA and the Ministry of Foreign Affairs provided insights into ongoing operations and challenges related to landmine clearance.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Iran and Afghanistan are working to strengthen diplomatic and economic ties as the Taliban seeks greater engagement with the United States. The discussions focus on trade, security, and regional stability, highlighting shifting alliances in the region amid ongoing geopolitical tensions.
A roundtable discussion on Azerbaijan’s demining initiatives was held at the Hudson Institute in Washington, organized by the Azerbaijani Embassy. Representatives from ANAMA and the Ministry of Foreign Affairs provided insights into ongoing operations and challenges related to landmine clearance.
The first-ever Central Asia-European Union summit takes place in Samarkand, marking a milestone in regional cooperation. Officials will discuss trade, investment, energy, and security, aiming to strengthen economic ties and enhance political dialogue between the two regions, Kazinform reports.
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
During a high-level meeting, officials from Kyrgyzstan and Russia emphasized the growing economic partnership between the two nations, highlighting a 14.5% increase in mutual trade and reaffirming their commitment to further expansion.
Iran and Afghanistan are working to strengthen diplomatic and economic ties as the Taliban seeks greater engagement with the United States. The discussions focus on trade, security, and regional stability, highlighting shifting alliances in the region amid ongoing geopolitical tensions.
Asian stock markets experienced a significant decline on Thursday following the announcement by US President Donald Trump of new reciprocal tariffs on several US trade partners. The tariffs, which range from 10% to 50%, were announced by Trump on April 2, a day he referred to as “Liberation Day.”
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
TikTok’s fate in the United States is once again hanging in the balance, as a looming deadline threatens to force a sale—or trigger a nationwide ban—amid a flurry of last-minute bids and high-stakes political maneuvering.
A roundtable discussion on Azerbaijan’s demining initiatives was held at the Hudson Institute in Washington, organized by the Azerbaijani Embassy. Representatives from ANAMA and the Ministry of Foreign Affairs provided insights into ongoing operations and challenges related to landmine clearance.
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