An MoU was signed in Vienna by IRENA’s Director-General Francesco La Camera and the Director-General of the OPEC Fund Dr Abdulhamid Alkhalifa
OPEC Fund
Posted inNews
OPEC Fund and Asian Infrastructure Investment Bank to provide funding in Egypt
The OPEC Fund for International Development and Asian Infrastructure Investment Bank (AIIB) have signed a US$200 million loan agreement with the National Bank of Egypt (NBE), Egypt’s largest commercial bank, to support the bank’s on-lending to hard and soft infrastructure sub-projects. The financing package includes a US$150 million loan from AIIB and a US$50 million […]
Posted inProducts & Services
OPEC Fund assigned inaugural credit rating of AA+ from Fitch Ratings
Fitch cited the OPEC Fund’s excellent capitalization, liquidity levels and asset quality as key rating strengths
Posted inProducts & Services
OPEC Fund applauds green KSA projects
Both initiatives call for regional cooperation to tackle the environmental challenges facing the Middle East
Posted inDRILLING & PRODUCTION
OPEC Fund extends $50 million for poverty reduction in Tanzania
Phase four will build infrastructure for education, health, water, agriculture and transportation, and create income-generating activities
Posted inProducts & Services
The OPEC Fund commits $200m to fight against COVID-19
The financial package will be deployed via long-term loans, private sector and trade finance facility windows and grants.