{"id":632122,"date":"2018-02-04T04:15:10","date_gmt":"2018-02-04T04:15:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/"},"modified":"2018-02-04T04:15:10","modified_gmt":"2018-02-04T04:15:10","slug":"iitfc-opens-usd-400-mn-credit-line-for-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/","title":{"rendered":"IITFC opens USD 400 mn credit line for Egypt"},"content":{"rendered":"

The International Islamic Trade Finance Corporation (IITFC) opened a USD 400 mn credit line for Egypt to buy petroleum products<\/strong> as part of the final tranche of a USD 3 bn financing agreement signed in 2015, CEO Hani Sonbol told Reuters<\/a> on Thursday. The IITFC will begin implementing a new USD 3 bn financing agreement to fund fuel and other vital commodities, signed last week<\/a>, in 1H2018, Sonbol said. He expected the corporation\u2019s trade finance portfolio to rise to USD 5-5.5 bn in 2018 from USD 4.9 bn in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Islamic Trade Finance Corporation (IITFC) opened a USD 400 mn credit line for Egypt to buy petroleum products as part of the final tranche of a USD 3 bn financing agreement signed in 2015, CEO Hani Sonbol told Reuters on Thursday. The IITFC will begin implementing a new USD 3 bn financing agreement […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632122","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3453e926-3d37-4a0b-ae5c-17bdbfee8e3b","order":"0","is_powered_by":true,"section_story_id":"2cf9d141-4d61-4c3d-a3ea-ce6602966874","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632103],"teaser":"","voice_url":""},"yoast_head":"\nIITFC opens USD 400 mn credit line for Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IITFC opens USD 400 mn credit line for Egypt\" \/>\n<meta property=\"og:description\" content=\"The International Islamic Trade Finance Corporation (IITFC) opened a USD 400 mn credit line for Egypt to buy petroleum products as part of the final tranche of a USD 3 bn financing agreement signed in 2015, CEO Hani Sonbol told Reuters on Thursday. The IITFC will begin implementing a new USD 3 bn financing agreement […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-04T04:15:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IITFC opens USD 400 mn credit line for Egypt\",\"datePublished\":\"2018-02-04T04:15:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/\"},\"wordCount\":92,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/\",\"name\":\"IITFC opens USD 400 mn credit line for Egypt - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-02-04T04:15:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IITFC opens USD 400 mn credit line for Egypt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IITFC opens USD 400 mn credit line for Egypt - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/iitfc-opens-usd-400-mn-credit-line-for-egypt\/","og_locale":"en_US","og_type":"article","og_title":"IITFC opens USD 400 mn credit line for Egypt","og_description":"The International Islamic Trade Finance Corporation (IITFC) opened a USD 400 mn credit line for Egypt to buy petroleum products as part of the final tranche of a USD 3 bn financing agreement signed in 2015, CEO Hani Sonbol told Reuters on Thursday. 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Sonbol told us last week that the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543749,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/egypt-signs-usd-1-5-bn-funding-agreement-for-basic-imports-with-itfc\/","url_meta":{"origin":632122,"position":2},"title":"Egypt signs USD 1.5 bn funding agreement for basic imports with ITFC","author":"enterpriseam admin","date":"16 February 2022","format":false,"excerpt":"The ITFC is lending us another USD 1.5 bn for petroleum + commodities imports: Egypt has signed a fresh USD 1.5 bn financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund imports of petroleum and basic commodities, ITFC CEO Hani Sonbol told Bloomberg Asharq. The agreement earmarks\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597254,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/itfc-to-provide-usd-50-mn-in-loans-to-egyptian-smes-in-2020\/","url_meta":{"origin":632122,"position":3},"title":"ITFC to provide USD 50 mn in loans to Egyptian SMEs in 2020","author":"enterpriseam admin","date":"21 July 2019","format":false,"excerpt":"ITFC to provide USD 50 mn in SME loans in 2020: The Islamic Trade Finance Corporation (ITFC) will channel a USD 50 mn facility through local banks to finance SMEs in January 2020, CEO Hani Sonbol told Masrawy, without revealing which banks the ITFC will be working with. 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