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The Islamic Development Bank Group and the Islamic Financial Services Board have signed a Strategic Collaboration Framework in Bangkok. Witnessed by IsDB Chairman Dr. Muhammad Al Jasser, the multi-year agreement aims to strengthen regulatory capacities, harmonize prudential standards, and promote financial stability across shared member countries.

The European Investment Bank (EIB) and Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding extending their partnership for five years. The agreement focuses on co-financing green energy, resilient supply chains, and reconstruction efforts in Ukraine.

The European Bank for Reconstruction and Development (EBRD) has committed EUR 40 million to Avallon MBO Fund IV. The private equity vehicle targets a total size of up to EUR 260 million to expand long-term equity financing for smaller businesses across Poland and neighboring regions.

Salience Labs has closed a $125 million Series B funding round led by Bullhound Capital to accelerate the manufacturing and deployment of its optical circuit switching technology. The investment will support geographic expansion into the United States and address escalating bandwidth demands within artificial intelligence datacenter networks.

Saab has secured a SEK 1.3 billion order from Sweden’s Defence Materiel Administration to develop a next-generation flight control computer for the Gripen fighter aircraft. Deliveries are scheduled for 2030. The programme aims to replace existing hardware and strengthen long-term aircraft availability, operational performance and security of supply.

Dubai Civil Defence has issued a tender for an AI-Powered Vehicle Tracking and Driver Behavior Monitoring System Project in the United Arab Emirates. The initiative aims to enhance emergency response operations, fleet management, and operational safety standards.