11.01.2013 - Islamic Development Bank provides $265mln to Egypt state-owned oil firm
The International Islamic Trade Finance Corporation (IITFC), a branch of the Islamic Development Bank, has provided $265 million in funding to Egyptian General Petroleum Corporation (EGPC). This raises the amount of money provided to the EGPC by the IITFC since October last year to nearly $500 million to help the state to secure a larger number of basic goods and other necessities for its citizens. This would include petroleum products, wheat and other foodstuffs...............................................Full Article: Source
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