International Islamic Trade Finance Corporation

ITFC pledges $100M aid to ease coronavirus ramifications

Mon, 04 May 2020 - 12:50 GMT

The package would also enable the authority in meeting basic commodities needs, the statement added.

ITFC allocates $1.1B in funding for Egypt in 2020

Thu, 06 Feb 2020 - 03:30 GMT

Gamea added in a statement Thursday that $700 million of the funding will go to the energy sector, while $400 million will be for the internal trade.

ITFC finances programs of promoting Egypt's exports to Africa: EDA

Sun, 22 Dec 2019 - 02:27 GMT

The two sides agreed on a timetable to implement EDA programs as well as the budget proposed for each program.

Egypt signs agreement with ITFC to support commodities by $1.1B

Wed, 04 Dec 2019 - 12:41 GMT

This comes as part of the agreement worth $3 billion signed in January 2018 between the Ministry of Investment and the International Islamic Trade Finance Corporation.

Building bridges of trust & trade

Wed, 03 Jul 2019 - 11:42 GMT

The Islamic Development Bank (IsIDB) has a portfolio of $21.6 billion in Egypt, including $10 billion with the ITFC.

Presidential decree approves framework deal with ITFC

Thu, 10 Jan 2019 - 10:11 GMT

A presidential decree was issued on Thursday sanctioning a framework agreement between the Egyptian Investment and International Cooperation Ministry and the International Islamic Trade Finance Corporation (ITFC) to fund Egypt's importation of staple comm

Egypt, IITFC sign $1B agreement to import basic commodities

Thu, 06 Sep 2018 - 02:43 GMT

The Public Authority of Supply and International Islamic Trade Finance Corporation signed on Thursday a $1B agreement to fund subsidized basic commodities

International Islamic Trade Finance opens $400M credit line for Egypt

Thu, 01 Feb 2018 - 10:47 GMT

International Islamic Trade Finance Corporation this week opened a credit line worth $400 million for Egypt to buy petroleum products.

$3B agreement with ITFC for basic goods provision

Tue, 30 Jan 2018 - 12:54 GMT

Minister of Investment signed Tuesday a $3 billion agreement with the Islamic Trade Finance Corporation (ITFC) to support the provision of basic goods in Egypt.

Business news wrap-up

Sat, 04 Nov 2017 - 05:19 GMT

A wrap-up for the most prominent business news of the day.