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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic Bank opens a loan for Egypt for import of oil, petroleum products, wheat and food

Posted on 13 March 2012

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IDB), has signed with the Egyptian government a framework agreement on cooperation.
Under the agreement, Egyptian General Petroleum Corporation (EGPC) and the General Authority of Supply Commodities (GASC) will receive $400 million a year for the next three years………………………………………..Full Article: Source

 
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