Middle East Economic Survey
VOL. LIII
No 27
5-Jul-2010
EGYPT
ITFC Lines Up $358Mn Of Trade Finance For Egypt
The International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the Jiddah-based Islamic Development Bank (IDB) Group, has organized a series of trade finance operations for Egypt valued at $358mn. This represents an increase of 138% over 2009 funding for Egypt, according to a 1 July ITFC statement. The funding is intended to enable the Egyptian General Petroleum...
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