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Tag: ITFC
ITFC

Egypt, ITFC sign $1.1 billion funding agreement to import commodities

Posted: January 16, 2021 at 12:46 pm   /   Oil & Gas

Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to fund importing of oil commodities and other supplies. The volume of financing allocated for 2021 reached US$ 1.1 billion. The ministry said that the agreement comes as part of a three […]

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ITFC

Egypt signs $1.1 bn funding agreement with Islamic Trade Finance Corporation

Posted: December 5, 2019 at 2:08 pm   /   Oil & Gas

Egypt to get USD 1.1 bn ITFC loan for commodity imports: Egypt has signed a USD 1.1 bn funding agreement with the Islamic Trade Finance Corporation (ITFC) to help it import petroleum products and food in 2020, according to a cabinet statement. The funds are part of a USD 3 bn agreement between Egypt and […]

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ITFC opens $400m credit line for Egypt to buy petroleum products

Posted: February 5, 2018 at 4:38 pm   /   Oil & Gas

International Islamic Trade Finance Corporation this week opened a credit line worth $400 million for Egypt to buy petroleum products in a last tranche of a $3 billion finance deal signed in 2015, Chief Executive Officer Hani Sonbol said on Thursday. The corporation will start implementing a new $3 billion deal with Egypt in the […]

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