Latest news with #ArabFund
Al Etihad
2 days ago
- Politics
- Al Etihad
Iraq underscores support for political consensus in Lebanon
1 June 2025 19:29 BAGHDAD (WAM) Iraqi Prime Minister Mohammed Shia Al Sudani reaffirmed his government's support for internal political consensus in Lebanon on at a joint press conference with Lebanese President Joseph Aoun at the Government Palace in Baghdad, where Aoun is currently on an official visit, Al Sudani stated, 'Iraq supports internal political consensus in Lebanon and condemns the ongoing Israeli attacks on Lebanese territory.'He noted that the Arab Fund initiative proposed by Iraq has received broad Arab support, adding that Iraq contributed $20 million to the Arab Fund for the Reconstruction of his part, the Lebanese President said Lebanon is committed to maintaining civil peace and upholding the principle of state sovereignty without becoming entangled in conflicts or provoking any party. Aoun said, 'At this critical juncture, we must all reaffirm Lebanon's sovereignty over its entire territory,' emphasising that preserving civil peace is a fundamental pillar for building a just and strong state.
Shafaq News
2 days ago
- Politics
- Shafaq News
Iraqi PM to Lebanese President: We back Lebanon's sovereignty amid Israeli attacks
Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia al-Sudani met with Lebanese President Joseph Aoun in Baghdad, marking his first official visit to Iraq after assuming office. At a joint press conference, al-Sudani reaffirmed Iraq's support for Lebanon's sovereignty, unity, and stability, pledging to advocate for the country during Iraq's presidency of the Arab League, and rejected the ongoing Israeli violations of Lebanese territory. 'Iraq contributed $20M to the Arab Fund for Lebanon's reconstruction,' he added. Al-Sudani also welcomed the formation of Lebanon's new government as a crucial step toward restoring political order, identifying energy, telecommunications, trade, and private-sector development as 'opportunities that can serve both.' In turn, Aoun expressed appreciation for Iraq's continued assistance, particularly during the recent Israeli war, highlighting joint security challenges, including counterterrorism, as a top priority. Aoun further condemned Israel's ongoing military campaign on Gaza as 'inhumane' and called on the international community to act. 'What is happening in Gaza is unacceptable. The global community must intervene immediately.' Earlier today, the Lebanese president arrived at the Iraqi capital at the invitation of Iraqi President Abdul Latif Rashid. He is scheduled to meet with Rashid to discuss bilateral ties, regional developments, and ways to bolster cooperation between the two countries.
Iraqi News
2 days ago
- Politics
- Iraqi News
PM: We seek to stop the barbaric aggression against innocent civilians in Gaza
Baghdad-INA Prime Minister Mohammed Shia al-Sudani affirmed on Sunday that Iraq seeks to stop the barbaric aggression against innocent civilians in Gaza. The Prime Minister said in a joint press conference with the Lebanese President, as monitored by the Iraqi News Agency (INA), "We support internal political consensus in Lebanon and condemn the ongoing attacks by the Zionist entity on Lebanese territory." He added, "We support Syria and its territorial integrity, and the matter requires saving our people in Gaza amid suspicious international silence." He noted that "Iraq proposed the Arab Fund initiative and it received Arab support." He continued, "Iraq contributed $20 million to the Arab Fund for the Reconstruction of Lebanon."
Zawya
23-05-2025
- Business
- Zawya
Jordan: Foreign grants down 93.2% in Q1 2025; $2.1bln in new pledges secured
AMMAN — Foreign grants to Jordan plummeted to JD3.4 million in the first quarter of 2025, a sharp decline from JD49.6 million during the same period last year, marking a drop of JD46.2 million, or 93.2 per cent, according to the Ministry of Finance. Despite this downturn, the Ministry of Planning and International Cooperation secured over $2.1 billion in new funding commitments in April to finance major national projects, Al Mamlaka TV reported. A government performance report for April revealed that the Planning Ministry had signed agreements and received pledges from key development partners, including the World Bank, the German Development Bank (KfW), the Dutch Embassy, and the Arab Fund for Economic and Social Development. On the domestic front, government revenues increased by JD150 million in the first quarter of 2025, reaching JD2.16 billion compared to JD2.01 billion in the same period last year. Tax revenues totalled JD1.582 billion, comprising JD1.076 billion from general sales tax on goods and services, JD419 million from income and profit taxes, JD24 million from real estate sales tax, and JD63 million from taxes on international trade and transactions. Non-tax revenues for the same period amounted to JD 578 million, the data revealed. Meanwhile, Jordan's gross public debt, including liabilities held by the Social Security Investment Fund (SSIF), reached 118.4 per cent of GDP by the end of the first quarter. Excluding SSIF-held debt, the figure drops to 91.5 per cent, declining further to 90.9 per cent when a Central Bank of Jordan deposit allocated for repaying Eurobonds due in June is subtracted. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
22-05-2025
- Business
- Zawya
Arab Fund signs two MoUs to support regional integration and sustainable development
Algiers, Algeria – The Arab Fund for Economic and Social Development announced the signing of two Memorandums of Understanding to strengthen strategic partnerships and support regional growth and integration within the Arab World. The signing took place on the sidelines of the Islamic Development Bank (IsDB) Annual Meetings in Algiers, where the Arab Fund delegation, led by Director General and Chairman Bader Alsaad, also attended the opening session and met with high-level government representatives from the ministries of finance, energy and mining, public works and transport, water resources, industry, and environment. 'The engagement in IsDB's Annual Meetings underscores our commitment to advancing Arab Fund's new strategy and promoting it across multiple platforms, said Bader Alsaad, Director General and Chairman of the Board of the Arab Fund for Economic and Social Development. 'We extend our gratitude and appreciate to our partners at the IsDB and to other ACG partners, and we are excited to unlock new opportunities through the MoUs we signed today to drive economic growth, promote trade, and empower social development,' he added. The MoUs aim to strengthen regional collaboration with the first focusing on boosting the exports of goods with the Saudi Exim Bank, and the second seeking to explore investment opportunities and joint financing with the Islamic Corporation for the Development of the Private Sector. As part of Arab Fund's dynamic agenda, Mr. Khalid Hamza, Vice President for the Private Sector Investment at the Arab Fund, took center stage at a high-profile panel titled, ' Partnering for Impact: The Arab Coordination Group (ACG) and the Private Sector in Driving Sustainable Development. ' 'Our valued partnership with the ACG members is crucial in mitigating investment risks and catalyzing development by providing a wide range of solutions that empower the private sector – a vital driver of economic growth in emerging markets,' said Hamza. The delegation also engaged in bilateral meetings with representatives of regional institutions, and financial partners, reinforcing the Fund's commitment to strengthening regional partnerships and supporting Algeria's development priorities. As a steadfast partner, the Arab Fund has a proud history of contributing to Algeria's development, with numerous projects driving economic growth, job creation and contributing to the welfare of its people. Among these notable interventions are the establishment of a power generating station in Hassi Messaoud, the development of social housing in the central region, and the vital pumping and conveyance of Bani Haroun water. The Arab Fund remains committed to supporting Algeria and strengthening ties with its government to further enhance growth and improve service delivery for all Algerians. About the Arab Fund: The Arab Fund for Economic and Social Development is a regional financial institution based in Kuwait, established in 1968 to support the economic and social development of Arab countries. Through loans, grants, and technical assistance, the Arab Fund finances infrastructure, education, health, water and sanitation and public service projects that contribute to sustainable development and regional cooperation across the Arab world. Media Contact: Mohamed Eissa, Joyce Haykal,
