The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, on Tuesday signed a $100 million financing agreement with the Turkish Development and Investment Bank. The agreement aims to support the agricultural industry, food sector, food security, renewable energy, and infrastructure in Trkiye. ITFC Chief Executive Hani Salem Sonbol stated that this collaboration strengthens their joint commitment to economic development and allows them to expand their support to both private- and public-sector economic operators, address food security needs, and contribute to Trkiye's growth. The Development and Investment Bank of Trkiye explained that this funding is another step in their efforts to address the challenges and ongoing need for food security. It also will contribute to the development and growth of Trkiye, and they hope to strengthen their cooperation in the future. Source: Saudi Press Agency
Recent Posts
Iran and Iraq Commit to Strengthening Border Security and Counterterrorism
September 23, 2026
Iranian President Pezeshkian Arrives in New York for UN General Assembly
September 23, 2026
US-Israeli Strike Leaves Minab School Seats Empty, Says First Vice President
September 23, 2026
Iran Sets Conditions for Negotiation and Reopening of Strait of Hormuz
September 23, 2026
Iran Equips Rebuilt Minab School with Smart Technology
September 23, 2026
Iran’s Acting Defense Minister Emphasizes Strategic Preparedness
September 23, 2026
Iranian President Extends National Day Greetings to Saudi Leaders
September 23, 2026
Iranian President Asserts Right to Self-Defense at UN General Assembly
September 23, 2026