IslamicFinance.de

UAE based natural gas producer Dana Gas has now received almost $90mn so far this year from the North African nation.

The Islamic Development Bank (IsDB) has launched a new digital platform to accelerate progress towards the Sustainable Development Goals (SDGs). The "Engage" platform's launch was announced in London by the President of IsDB, Dr. Bandar Hajjar, Secretary of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), Dr. Shamshad Akhtar, and Dr. Hayat Sindi, Chief Scientific Advisor to IsDB. The platform will focus on six SDGs: achieving greater food security, healthier lives, inclusive and equitable education, sustainable management of water, access to affordable and clean energy, and sustainable industrialisation across the developing world. To ensure its members have access to financing for innovation, IsDB has established a new Fund, called The Transform Fund. It will provide seed money for innovators, start-ups and SMEs, as well as funding partnerships between researchers and entrepreneurs. A Memorandum of Understanding (MoU) was signed between IsDB and ESCAP to work together to achieve sustainable and inclusive development.