Islamic Finance
Regulation, Risk & Compliance
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Egypt signs $2bn conventional, Islamic facility to finance budget deficit
Egypt’s Ministry of Finance has signed the first conventional and Islamic financing facility, worth $2bn, to finance state’s budget deficit and support local economy. The country’s House of Representatives had previously approved the facility. According to a Ministry of Finance statement, on Monday, the facility was closed by Emirates NBD…
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Click here to read the full story: Daily News Egypt