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Islamic Development Bank to elect new president next week

The Islamic Development Bank will elect a new president next week during its annual meeting to be held in Jakarta, replacing long-serving President Ahmad Mohamed Ali, the Jeddah-based multilateral lender said late on Thursday. Saudi Arabia, the IDB's largest shareholder, has nominated former Haj Minister Bandar Hajjar for the post,…

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Click here to read the full story: Reuters

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