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IBD to support Egypt’s energy needs by $ 386 m

Cairo - The International Islamic Organization for Trade Finance, a member in the Islamic Bank for Development, will implement financial operations by a total value of $ 386 million, to help in financing Egypt's strategic energy needs, especially crude oil and petroleum products.

In its financial report issued in the first half of the year 2011/2010, the Organization reported its implementation for 36 trade operations for 16 countries with a total value estimated at $ 1.253 billion at the end of the first half of this year.

Source: SIS

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