Minister of International Cooperation Naglaa Al-Ahwany and the Director of IDB Ahmed Mohamed Ali signed an agreement granting a loan of $3bn to the Egyptian government.
Petroleo Brasileiro SA, the world’s most indebted oil producer, is bolstering ties to China as a corruption scandal has shut the company out of international bond markets.
Dubai's Emirates National Oil Company (Enoc) has hired a five-person team to work on mergers and acquisitions for the company as it seeks to expand beyond its home emirate, banking sources told Reuters on Sunday.