Islamic Development Bank

Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
Economy

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

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

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

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

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

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

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

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

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

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…
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