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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Egypt gets $400 mln from Islamic trade financier

Posted on 07 November 2011

The trade financing arm of the Islamic Development Bank (IDB) has offered $400 million to help Egypt finance imports of petroleum products, wheat and other foodstuffs, Egypt’s official news agency MENA reported on Saturday.
The funds were offered by IDB’s International Islamic Trade Finance Corporation, which offers trade finance that conforms to Islamic principles, MENA reported………………………………………..Full Article: Source

 
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