Liberal leaders say they have a plan for a new, more effective anti-Trump resistance    Stampedes at Christmas charity events kill 67 people in Nigeria    A man's suicide leads to clamor around India's dowry law    Slovak PM meets Putin in surprise Moscow visit    Environment minister inaugurates Yanbu Grain Handling Terminal    Saudi deputy FM meets Sudan's Sovereign Council chief in Port Sudan    Kuwait, India to elevate bilateral relations to strategic partnership Sheikh Mishal awards Mubarak Al-Kabir Medal to Modi    MoH to penalize 5 health practitioners for professional violations    Al-Samaani: Saudi Arabia to work soon on a comprehensive review of the legal system    Arabian Gulf Cup begins with dramatic draws and a breathtaking ceremony in Kuwait    GACA report: 928 complaints filed by passengers against airlines in November    Riyadh Season 5 draws record number of over 12 million visitors    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    PDC collaboration with MEDLOG Saudi to introduce new cold storage facilities in King Abdullah Port Investment of SR300 million to enhance logistics capabilities in Saudi Arabia    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



IDB head proposes tripartite partnership
Published in The Saudi Gazette on 30 - 11 - 2015

Islamic Development Bank (IDB) President Dr. Ahmad Mohamed Ali has made four proposals that will enhance partnership between IDB, Turkey and any member country that wishes to benefit from the successes of Turkey.
Dr. Ahmad Ali made these remarks here, while delivering a speech at the opening ceremony of COMCEC's 31st ministerial session. In attendance during the ceremony were Turkey President Recep Teyeb Erdogan and OIC Secretary General Iyad Madani.
Dr. Ahmad Ali called for a tripartite agreement between IDB Group, Turkey and any IDB member country wishing to benefit from the successes of the Turkish Republic. Secondly, Dr. Ahmad suggested the setting of a program that will contribute to the process of expediting the effective implementation and operationalization of trade-related agreements similar to the TPS-OIC and others. Thirdly, he called for the setting of program to enhance trans-continental regional corridors, such as the Trans-Sahara Highway, which links Algiers to Lagos. Fourthly, Dr. Ahmad Ali suggested the need to study the effect of the establishment of major regional blocs on intra-OIC trade and regional integration, and presenting proposals and future plans to address this challenge.
Dr. Ahmad also commended the strong partnership between IDB and the Standing Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC), stating that the partnership will contribute to IDB Group member countries in their effort towards achieving the Sustainable Development Goals (SDGs).
The IDB president told the delegates that a joint study on SDGs has been completed by IDB and COMCEC Secretariat, following the resolution of the 30th ministerial session in 2014, to achieve the SDGs. "I am confident that the study contains very useful analysis of the needs of the member countries in terms of achieving the Sustainable Development Goals, and offers valuable and practical recommendations to achieve them successfully through innovative means," said Dr. Ahmad.
In his opening remarks, Erdoan stated that despite the challenges faced by the Muslim world, there are some good signs in the area of trade relations among OIC member countries.
OIC Secretary General Iyad Madani commended OIC member countries for the increase in intra-OIC trade. According to him, the volume of trade has increased from 18.64 percent in 2013 to 19.33 percent in 2014.
The IDB president was also a panel member during a special session on the sidelines of COMCEC ministerial session, with the theme, "Implementing Sustainable Development Goals (SDGs), and post-2015 Development Agenda: Financing Sustainable Development". During the panel discussion the IDB president reiterated the importance of innovation and trade in moving forward to implement the SDGs.
Among the activities conducted by Dr. Ahmad on the sidelines of COMCEC include; the signing of an MoU with COMCEC Secretariat which aims at consolidating the partnership between the two institutions in achieving their mandates. He also held bilateral talks with the Minister of State in the Office of the Vice President of Sierra Leone Mohamed Alieu Bah, as well as another meeting with Palestine's Minister for the Economy Abeer Ouda, as well as several other delegations from member countries. — SG


Clic here to read the story from its source.