Egypt, IITFC sign a $1.5bn agreement to fund petroleum imports

RIYADH: Egypt signed a $1.5 billion agreement with the International Islamic Trade Finance Corp., known as IITFC, to fund and support importing petroleum and supply commodities, the CEO said to Asharq. Hani Sonbol added that the funding will be divided between $800 million for petroleum commodities and $700 million for supply commodities. The IITFC was established in 2008 as

Related Keywords

Riyadh ,Ar Riya ,Saudi Arabia ,Egypt ,Hani Sonbol ,International Islamic Trade Finance Corp ,Islamic Development Bank Group ,Islamic Development Bank ,Jubail ,Al Ahsa ,Al Kharj ,Taif ,Qatif ,Soil ,Dammam ,Abha ,Asir ,Yanbu ,Islam ,Jobs ,Sports ,Khalij Times ,Gulf News ,Saudi Gazette ,Tabuk ,Mecca ,Medina ,Almadinah ,Jeddah ,Makkah ,Hail ,Eastern ,King Abdullah ,Obs In Saudi ,Work In Saudi Arabia ,Mrah ,Hajj عرب نيوز ,