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Islamic Development Bank Institute (IsDBI) Engages Global Stakeholders to Advance Islamic Finance during Group Annual Meetings in Algiers

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The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries.

Led by Dr. Sami Al-Suwailem, Acting Director General, the IsDBI team included Mr. Mohammad Khalid Jawahir, Senior Islamic Finance Specialist; Dr. Hylmun Izhar, Senior Research Economist; and Dr. Wejdan Kenali, Senior Editor. The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance.

Strengthening Global Partnerships

Key engagements included a meeting with the Securities Commission Malaysia, represented by Mrs. Sharifatul Hanizah, Executive Director, Islamic Capital Market and Mr. Hamzil Mohamadan, Head ICM Strategic Affairs, to explore collaboration in Sukuk, Awqaf, and sustainability initiatives.

Discussions with Islamic Financial Services Board (IFSB) officials, Dr. Ghiath Shabsigh, Secretary General and Dr. Abdullah Haron, Deputy Secretary General, centered on Islamic finance laws and regulations and leveraging artificial intelligence to enhance financial infrastructure.

The IsDBI team also met with Atlantic Group, a leading pan-African conglomerate, led by Mr. Léon Konan Koffi, Chairman of the Board, focusing on the development of internal Shariah-compliant financial capabilities to support the Group’s expansion.

A session with the Eurasian Development Bank, represented by Mr. Ruslan Dalenov, Deputy Chairman of the Management Board, addressed the introduction of Shariah-compliant financial instruments in Central Asia, promoting financial inclusion and economic diversification.

Advancing Social Finance and Capacity Building

The IsDBI also met with IFAAS CEO and founder, Mr. Farrukh Raza where discussions centered on capacity building programs and the applications of Islamic finance principles.

These strategic meetings reflect IsDBI’s unwavering commitment to knowledge-based development

A meeting with Mr. Zeinoul Abedien Cajee, Deputy Secretary General of the World Zakat and Waqf Forum, and CEO of Awqaaf South Africa, stressed on the importance of Islamic social finance and innovative technologies, such as blockchain, to enhance waqf management.

Engagement with Mr. Abdou Karim Diaw, National Coordinator of Senegal’s PROMISE program, focused on capacity-building initiatives in Islamic microfinance to drive financial inclusion in underserved communities.

Promoting Innovation and Knowledge Sharing

The delegation from Bank Negara Malaysia, led by Ms. Nurul Izza Idris, Director of the Islamic Finance Department, exchanged insights on capacity building, digital payment innovation, and enhanced cooperation with Central Asian Member Countries.

A meeting with the Participation Banks Association of Türkiye (TKBB), represented by Ms. Fatma Çınar, Deputy Secretary General of TKBB and Mr. Ömer Karakuş from the Katılım Finans Kefalet (Islamic Credit Guarantee Fund), included discussions on Türkiye’s experiences in credit guarantees, digital transformation, and sustainability reporting, with an emphasis on knowledge sharing.

Supporting Regulatory Development and Strategic Planning

Engagements with H.E. Sheku A. Fantamadi Bangura, Minister of Finance and IsDB Governor for Sierra Leone, and H.E. Hassan Miras, Deputy Minister of Finance and Acting IsDB Governor for the Republic of Maldives, focused on developing national Islamic finance strategies, regulatory frameworks, and capacity-building programs.

Meetings with Dr. Mohamed Abouzain, General Manager of Algeria’s National Office of Awqaf and Zakat, and Dr. Ahmed Lamine Athié, Director General of Senegal’s Haute Autorité du Waqf (HAW), addressed long-term strategic planning and public awareness for waqf management.

Fostering Innovation for Economic Growth

A session with Mr. Adam Roble, Managing Director of the Somali Development and Reconstruction Bank, explored innovative Islamic finance instruments to support agriculture and SMEs, including risk-sharing solutions and e-commerce integration.

“These strategic meetings reflect IsDBI’s unwavering commitment to knowledge-based development, financial inclusion, and the use of Islamic finance as a driver of sustainable economic progress across the Member Countries and Muslim communities worldwide,” said Dr. Sami Al-Suwailem, Acting Director General of IsDBI.

The IsDB Institute remains dedicated to building robust partnerships and advancing the Islamic finance ecosystem for the benefit of all its Member Countries.

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI)

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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