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A worker reacts as people queue and wait in their cars at a Total petrol station early on Friday, after the central bank floated the pound currency, in Cairo, Egypt, November 4, 2016. REUTERS/Amr Abdallah Dalsh

Egypt to get $1.1 billion for petroleum products

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.1 billion to support the import of petroleum products and basic goods in 2020, Egypt’s petroleum ministry said on Wednesday.

The funds are part of a $3 billion agreement between Egypt’s investment ministry and ITFC signed in January 2018.

Source: Reuters

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