ITFC

  • Egypt Signs Agreement with ITFC Worth $1.1 B

    Egypt Signs Agreement with ITFC Worth $1.1 B

    Wednesday, 4th December 2019

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed the signing of an executive agreement with the International Islamic Trade Finance Corporation (ITFC), to finance petroleum products imports and food commodities for 2020, with an estimate of $1.1 billion.

  • ITFC Provides $8 B to Petroleum Sector Since 2008

    ITFC Provides $8 B to Petroleum Sector Since 2008

    Tuesday, 2nd July 2019

    The petroleum sector’s dealings with the International Islamic Trade Finance Corporation (ITFC) have reached $8 billion over the last decade.

  • Egypt, ITFC Sign $2B Petroleum Finance Deal

    Egypt, ITFC Sign $2B Petroleum Finance Deal

    Sunday, 9th September 2018

    The International Islamic Trade Finance Corporation (ITFC) has agreed to finance $2 billion worth of petroleum products, as a part of a larger $3 billion agreement with Egypt's Ministry of Investment to fund the import of a number of basic goods.

  • ITFC Opens LOC for Egypt

    ITFC Opens LOC for Egypt

    Sunday, 4th February 2018

    The International Islamic Financial Corporation (ITFC) opens a line of credit (LOC) worth $400 million for Egypt to purchase petroleum products.

  • ITFC Eyes Financing Petroleum Projects in Egypt

    ITFC Eyes Financing Petroleum Projects in Egypt

    Tuesday, 30th January 2018

    International Islamic Trade Finance Corporation (ITFC) expressed interest in financing projects of the Egyptian oil and gas sector.

  • ITFC Funds Egypt’s Diesel and Petroleum Imports

    ITFC Funds Egypt’s Diesel and Petroleum Imports

    Sunday, 24th May 2015
    An agreement on receiving funds from the International Islamic Trade Finance Corporation (ITFC) to import “essential goods” into Egypt was signed by President Abdel Fatah al-Sisi Thursday.
  • Tunisia Signs a Guarantee Agreement with ITFC

    Tunisia Signs a Guarantee Agreement with ITFC

    Wednesday, 15th April 2015
    A bill on a guarantee agreement signed between Tunisia and the International Islamic Trade Finance Corporation (ITFC) was passed, Tuesday, at a plenary session of the House of People's Representatives (HPR).