August 15, 2020

Islamic Bank approves US$20m for Guyana power supply upgrade

Pin It

By Ray Chickrie From Caribbean News Now GEORGETOWN, Guyana — Unreliable power supply woes in Guyana may soon be a thing of the past after the approval by the Islamic Development Bank (IsDB) of a loan of US$20 million for the Guyana Power and Light (GPL) utility upgrade programme for a comprehensive turnaround of the […]

Guyana president attends Arab-American Islamic Summit

Pin It

By Ray Chickrie From Caribbean News Now RIYADH, Saudi Arabia — President David Granger of Guyana arrived in Riyadh, Saudi Arabia, on Saturday to join other world leaders for the Arab-American Islamic Summit on Sunday. The special summit, initiated by the Kingdom of Saudi Arabia (KSA), brought together members of the Arab League, the Organisation […]

Islamic finance can spur Guyana private sector

Pin It

By Ray Chickrie From Caribbean News Now Guyana has been a member of the Organisation of Islamic Cooperation (OIC) since 1998, but never joined the Islamic Development Bank (IsDB), a branch of the OIC. The previous government of Guyana did not actively participate in OIC forums. However, a change in government in Guyana, one with […]

Islamic finance can drive Suriname’s private sector

Pin It

By Ray Chickrie From Caribbean News Now PARAMARIBO, Suriname — Suriname which is seeking to be the Caribbean Community (CARICOM) leader in Islamic finance, took a major step in making this goal a reality on Friday, when visiting CEO of the Islamic Development Corporation of the Private Sector (ICD), Khaled Al Aboodi, and the CEO […]