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Asharq Al-Awsat

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Asharq Al-Awsat

Egypt Signs $1.5 Bln Financing Agreement with ITFC

Egypt Jeddah Petroleum Saudi Arabia

A general view of Cairo, Egypt. (File photo: AFP)

Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation (ITFC).

The deal aims to fund Egypt's trade needs, including for importing energy products and essential commodities, CNBC Arabia wrote on Twitter, citing the ITFC’s chief executive officer.

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