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Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]
Morocco Climbs Six Places in Global Innovation Index
The Global Innovation Index 2016 has been released, with Morocco climbing six places from 78th (2014) to 72th in a ranking of 128 surveyed countries. The report, published by the United Nations World Intellectual Property Organization (WIPO), has swiftly become a widely used metric for assessing the state of innovation in various countries. In gaining […]
Japan Earmarks $30 Billion in Support for Infrastructure Development in Africa
Japan announced it will invest $30 billion in support of Africa’s economic growth and infrastructure over the next three years. The pledge was made by Japan’s Prime Minister Shinzo Abe at the Japan-Africa economic summit in Nairobi, as Tokyo competes for influence in the continent with the U.S., China and former European colonial powers such […]



