{"id":635036,"date":"2018-01-31T04:19:56","date_gmt":"2018-01-31T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/"},"modified":"2018-01-31T04:19:56","modified_gmt":"2018-01-31T04:19:56","slug":"investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/","title":{"rendered":"Investment Ministry and ITFC sign USD 3 bn agreement for essential commodities"},"content":{"rendered":"<p><strong>Egypt to receive USD 3 bn from ITFC: <\/strong>Investment Minister Sahar Nasr has secured USD 3 bn in finance from the International Islamic Trade Finance Corp (ITFC), according to a ministry statement (pdf). The funding will be used to finance the purchase of basic goods and commodities, such as petroleum, wheat, and other subsidized food staples. The ITFC had extended a total USD 6.974 in financing to Egypt over the years by the end of 2017, most of which had been used to support oil refining and processing, Nasr said, <a href=\"https:\/\/ent.news\/2018\/1\/591.pdf\">according to a ministry statement (pdf)<\/a>. \u201cThe statement did not provide details on what form the financing would take or the terms,\u201d <a href=\"https:\/\/www.reuters.com\/article\/egypt-economy-finance\/egypt-agrees-3-bln-financing-deal-with-international-islamic-trade-finance-corp-idUSC6N1M600U\">Reuters notes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt to receive USD 3 bn from ITFC: Investment Minister Sahar Nasr has secured USD 3 bn in finance from the International Islamic Trade Finance Corp (ITFC), according to a ministry statement (pdf). The funding will be used to finance the purchase of basic goods and commodities, such as petroleum, wheat, and other subsidized food [&hellip;]<\/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-635036","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a10d13e3-dc42-4b77-920d-e5379366fcb0","order":"0","is_powered_by":true,"section_story_id":"026c060f-5c62-4278-9bd8-3472fbb0649f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635018],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Investment Ministry and ITFC sign USD 3 bn agreement for essential commodities - 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\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Ministry and ITFC sign USD 3 bn agreement for essential commodities\" \/>\n<meta property=\"og:description\" content=\"Egypt to receive USD 3 bn from ITFC: Investment Minister Sahar Nasr has secured USD 3 bn in finance from the International Islamic Trade Finance Corp (ITFC), according to a ministry statement (pdf). The funding will be used to finance the purchase of basic goods and commodities, such as petroleum, wheat, and other subsidized food [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-31T04:19:56+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Investment Ministry and ITFC sign USD 3 bn agreement for essential commodities\",\"datePublished\":\"2018-01-31T04:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/\"},\"wordCount\":121,\"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\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/investment-ministry-and-itfc-sign-usd-3-bn-agreement-for-essential-commodities\/\",\"name\":\"Investment Ministry and ITFC sign USD 3 bn agreement for essential commodities - 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