(MENAFN)On Wednesday, Egypt’s Ministry of Oil has signed a deal with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to finance importing of oil goods and other supplies.
The rate of financing owed for this year amounted at USD 1.1 billion.
The deal comes as part of a three billion dollar deal signed amid the Ministry of Investment and International Cooperation and the ITFC, declared the minister.
Egypt is a colleague with ITFC in the Arab-African bridges program, emerging from its eagerness to invest more to finance the private sector.
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