Latest stories about Islamic Development Bank

Islamic Development Bank floats €500mn sukuk in dual Dublin and Dubai listings

Economy
The Islamic Development Bank’s €500 million sukuk, priced at mid-swaps +50 bps, finds strong demand and listings on Euronext Dublin and Nasdaq Dubai, advancing its Trust Certificate Issuance Programme.

Rupee gains 10 rupees in open market against U.S. dollar

Economy
Pakistan's local currency experienced a significant recovery against the US dollar after reaching an agreement with the IMF, providing relief to the market and boosting confidence in the economy.

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Trump says Iran deal could come this weekend

International
Trump says US-Iran negotiations are going very well and a deal could come this weekend, while cautioning it might not happen. Talks back on track.
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Pakistan manufacturing returns to growth as export orders hit 15-month high

Economy
Per a new purchasing managers’ survey released by HBL and S&P, Pakistan’s manufacturing PMI rose to 50.9 in May, returning to expansion as new orders recovered and export orders posted their strongest rise since February 2025.
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Pakistan’s ports see sharp container surge as Gulf disruption shifts cargo routes

Newsroom
Pakistan’s major ports are seeing a sharp rise in container and transshipment activity as Gulf disruption redirects cargo towards Karachi, Port Qasim and Gwadar.
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Iran prepares three-day farewell ceremonies and 24-hour funeral procession for Ali Khamenei

International
Iranian officials are preparing three days of farewell ceremonies and a 24-hour funeral procession for Ali Khamenei, with events expected in Tehran, Qom and Mashhad.
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Trump reportedly rebukes Netanyahu as Israel’s Lebanon escalation threatens US-Iran diplomacy

Analysis
Trump reportedly warned Netanyahu against further escalation in Lebanon as US-Iran diplomacy faced renewed pressure, with Pakistan and Qatar involved in efforts to preserve a fragile regional framework.
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