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                               ICD 
                                Completes its Sixth Year
ICD 
                                Completes its Sixth Year
                               
                              The 
                                Following brochure has been released on the occasion 
                                of the completion of the 6th year to reflect the 
                                achievements made so far.
                               6_year_achievements_(English)
6_year_achievements_(English)
                               6_year_achievements_(Arabic)
6_year_achievements_(Arabic)
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                               CEO 
                                Addresses 2nd Turkish Arab Economic Forum
CEO 
                                Addresses 2nd Turkish Arab Economic Forum
                              ICD 
                                Headquarters, August 16, 2006 _ An ICD delegation 
                                including Dr. Ali Soliman, CEO and General Manager, 
                                Mr. Rafik Khafaji, External Relations Manager, 
                                and Mr. Saeed Ahmad, Investment and Marketing 
                                Officer, attended the 2nd Turkish Arab Economic 
                                Forum, held in Istanbul on 8th and 9th June 2006.
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                               ICD 
                                Expresses Willingness to Support the Private Sector 
                                in Kyrgyzstan
ICD 
                                Expresses Willingness to Support the Private Sector 
                                in Kyrgyzstan
                              ICD 
                                Headquarters, 2 August 2006 _ An ICD mission led 
                                by Dr. Ali A. Soliman, CEO & General Manager, 
                                was received on July 18, 2006 in the Government 
                                House by the President of the Kyrgyz Republic 
                                Kurmanbek Bakiev. The meeting was also attended 
                                by Sh. M. Murtazaliev, Adviser to the President 
                                and IDB Governor for the Kyrgyz Republic; U.O. 
                                Danikeev, Deputy of Head of Department of the 
                                Strategic Development and Expertise of the Machinery 
                                of the President of the Kyrgyz Republic (MPKR); 
                                and T.B. Mamytov, Deputy of Head of President's 
                                Machinery, Head of Chancellery of the KR President. 
                                
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                               ICD 
                                Signs Financing Agreements for Bulk Terminal Project 
                                in Djibouti
ICD 
                                Signs Financing Agreements for Bulk Terminal Project 
                                in Djibouti 
                              ICD 
                                Headquarters, 12th July 2006 __The Djibouti Bulk 
                                Terminal Project, sponsored by MIDROC (a member 
                                of Al Amoudi Group) and co-financed by ICD and 
                                the African Development Bank (AfDB), will be implemented 
                                soon. The project consists in the development, 
                                design, construction, operation and maintenance 
                                of a bulk terminal facility for cereals and fertilizers. 
                                This facility will be used, at a later stage, 
                                for exports to nearby countries such as Ethiopia 
                                and the sub- region. 
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                               Solidarity 
                                Fund Chairman Discusses Ways to Support Micro 
                                Projects in Palestine
Solidarity 
                                Fund Chairman Discusses Ways to Support Micro 
                                Projects in Palestine
                              ICD 
                                Headquarters, 10th June 2006 __ In order to support 
                                income-generating projects for Palestinian poor 
                                families, and as per the directives of the CEO 
                                & General Manager, Mr. Abdulmajied Bannan, 
                                Chairman of the ICD Solidarity Fund Committee, 
                                has recently met Ms. Fatima El Gadaa, owner of 
                                "El Hana" needle work and sewing workshop 
                                in Kalkelia, Palestine, to look into how ICD can 
                                support such projects. 
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                               ICD 
                                Holds its 6th General Assembly Meeting in Kuwait
ICD 
                                Holds its 6th General Assembly Meeting in Kuwait 
                              
                              ICD 
                                Headquarters, June 4th 2006 __ ICD's 6th General 
                                Assembly Meeting was held on 31st May 2006 at 
                                the Sheraton hotel in Kuwait, in conjunction with 
                                the 31st Meeting of the Board of Governors of 
                                the Islamic Development Bank (IDB). The meeting 
                                was chaired by H.E. Mr. Bader M. Al-Humaidhi, 
                                Kuwaiti Minister of Finance and IDB Governor for 
                                Kuwait. 
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                               ICD 
                                in the News
ICD 
                                in the News 
                               
                              The 
                                following is a press clipping from the Kuwaiti 
                                daily Al-Anba'a (1st June 2006) covering the Corporation's 
                                annual meeting.
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                              Maldives' 
                                Minister of Finance and Treasury 
                                Visits ICD
                               
                              
                               
                              Wednesday, 
                                12th April 2006 __ H.E. Dr. Ali A. Soliman, CEO 
                                and General Manager, has received H.E. Mr. Qassim 
                                Ibrahim, Minister of Finance and Treasury and 
                                Governor of the Maldives Monetary Authority. The 
                                delegation also included H.E. Mr. Riluwan Shareef, 
                                Deputy Minister, and H.E. Dr. Hussain Niyaaz, 
                                Executive Director of the Department of External 
                                Resources at the Ministry of Foreign Affairs. 
                                
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                              ICD 
                                and Partners Launch New 
                                Real Estate Development Company
                              
                               
                                Jeddah, 10th April 2006 __ A shareholders' agreement 
                                was signed yesterday at the IDB Headquarters between 
                                ICD, the Saudi Economic and Development Company 
                                (SEDCO) and the Bahrain-based International Investment 
                                Bank (IIB) for the establishment of a real-estate 
                                development company in Saudi Arabia. With a capital 
                                amounting to SR 400 million (USD 107 million), 
                                the new company's investments in the next five 
                                years are expected to reach SR 10 billion. Its 
                                main focus will be on the construction of housing 
                                units and compounds in different regions of the 
                                Kingdom. 
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                              CEO 
                                Addresses Economic Forum in Algiers
                              ICD 
                                Headquarters, 25th March 2006 __ H.E. Dr. Ali 
                                A. Soliman, CEO & General Manager, addressed 
                                the first forum on Islamic modes of financing 
                                for SMEs, organized in Algiers on 5 March 2006 
                                in cooperation with the Economic Club of Algeria. 
                                About 90 delegates from the business community 
                                and those interested in Islamic finance attended 
                                this event. 
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                                CEO 
                                Attends International Forum of 
                                ICT Strategies & Investment in Marrakech
                              ICD 
                                Headquarters, 25th March 2006 __ H.E. Dr. Ali 
                                A. Soliman, CEO & General Manager, took part 
                                in the International Forum of ICT Strategies and 
                                Investment (IFISI 2006), organized by the Kingdom 
                                of Morocco in cooperation with the Islamic Development 
                                Bank (IDB) in Marrakech on 1-3 March 2006.
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