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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Egypt signs $1 bln finance with IDB for food, energy

Posted on 02 July 2012

The Egyptian government signed an agreement on Sunday with the Saudi-based Islamic Development Bank (IDB) that will provide $1 billion to finance energy and food imports, the government said in a statement.
It said the agreement with the International Islamic Trade Finance Corporation, part of the IDB, was signed in Cairo by Waleed Abdul Mohsen al-Wohaib, chief executive of the institution, and Egypt’s international cooperation minister, Faiza Abu el-Naga………………………………………..Full Article: Source

 
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