Islamic Development Bank
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
Economy
June 11, 2022
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
The President of the Islamic Development Bank Group Mohamed Al-Jasser praised Egypt’s experience in establishing the Sovereign Fund of Egypt…
Egyptian government signs agreements to support exports
Economy
June 4, 2022
Egyptian government signs agreements to support exports
Egypt’s government signed some action programs, documents and memoranda of understanding with international institutions to support exports and enhance the…
Egypt mulls joint cooperation with International Islamic Trade Finance Corporation
Business
September 12, 2021
Egypt mulls joint cooperation with International Islamic Trade Finance Corporation
The Minister of Planning and Economic Development Hala al-Saeed received the CEO of the International Islamic Trade Finance Corporation –…
Egypt’s Ministry of Oil, ITFC signs $1.1 billion agreement to import commodities
Business
January 13, 2021
Egypt’s Ministry of Oil, ITFC signs $1.1 billion agreement to import commodities
Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the…
ITFC celebrates funding Egypt with $1.130 billion
Business
July 2, 2019
ITFC celebrates funding Egypt with $1.130 billion
Minister of Investment and International Cooperation Sahar Nasr, Petroleum Minister Tarek al-Mulla, and Minister of Supply Ali Meselhy participated in…
Finance Minister: $425 million from IDB to develop oil refinery in Assiut, Sharm al-Sheikh Airport
Business
September 4, 2014
Finance Minister: $425 million from IDB to develop oil refinery in Assiut, Sharm al-Sheikh Airport
Minister of Finance Hany Qadry Damian announced that the Islamic Development Bank agreed to provide US$424.8 million to finance two…
Islamic Development Bank promises major investments in Egypt
Business
April 18, 2013
Islamic Development Bank promises major investments in Egypt
The Islamic Development Bank plans to pump US$3 billion into the Egyptian market over the next five years, said on…
Islamic bonds law to be approved in days, says finance minister
Business
January 14, 2013
Islamic bonds law to be approved in days, says finance minister
The draft law on sukuk (Islamic bonds) will likely be approved by all the relevant institutions, including the Finance Ministry,…
Islamic Development Bank to lend Egypt US$330 million
Business
October 10, 2012
Islamic Development Bank to lend Egypt US$330 million
Several local and regional banks are preparing to give the Egyptian government a US$330 million loan, in the second portion…
Govt to accept US$1 bln loan from Islamic Development Bank
Business
June 28, 2012
Govt to accept US$1 bln loan from Islamic Development Bank
Planning and International Cooperation Minister Fayza Abouelnaga said a US$1 billion loan from the International Islamic Trade Finance Corporation, which…