$ 380 million financing from the Islamic Development Bank for the Egyptian oil sector

Media In, Saleh Ali, 17 July 2018
The Islamic Development Bank (IDB) has started handing over Egypt’s first tranche of its $ 380 million financing to Egypt’s oil sector.
The head of the International Islamic Trade Finance Corporation of the Islamic Development Bank, Hani Snabel, said that two agreements with Egypt will be signed now worth 300 million dollars, while the second will be signed in September.