Jan 22 (Reuters) – Egypt has signed a $1.5 billion financing settlement with the Worldwide Islamic Commerce Finance Company (ITFC) to fund its commerce wants, together with for importing vitality merchandise and important commodities, CNBC Arabia wrote on Twitter, citing the ITFC’s chief govt officer.

Final 12 months Egypt signed an identical settlement, additionally value $1.5 billion, with the company, which is headquartered in Jeddah in Saudi Arabia and sometimes funds Egypt’s commodities imports, together with grains and petroleum.

Reporting by Nayera Abdallah; Enhancing by Hugh Lawson

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