Mumtaz Al-Saeed

Egypt to receive USD 235m loan from Intrnational Islamic Trade Finance Crop.

International Islamic Trade Finance has granted a credit to Egypt worth USD 235m. This financial package should help to the state-run Egyptian General Petroleum Corp. to secure country's commodity supply. The Egyptian Ministry of Finance will assume responsibility for paying back the credit, in case if the Egyptian General Petroleum Corp. cannot perform obligations under the contract.

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