Egypt lands USD 3 bn to help finance essential imports: The International Islamic Trade Finance Corporation (ITFC) will lend Egypt USD 3 bn before the end of next year to be used for imports of petroleum derivatives and basic commodities, ITFC CEO Hani Sonbol told Al Mal. This is the second facility of that size the Madbouly government has landed from ITFC in recent months. In September, the two sides also signed a USD 3 bn facility, including USD 1 bn to finance the purchase of basic goods and foodstuffs.

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