Egypt completes a $3bn loan for green and Islamic financing

0
277
Egypt completes a $3bn loan for green and Islamic financing

Author: article author: Arab NewsSun, 2022-01-16 13:31
RIYADH: Egypt secured a $3 billion loan arranged jointly by a group of Gulf banks, to be divided equally between green and Islamic financing for a period of 3 years.

The financing, which closed last month, saw a return of 260 basis points above the LIBOR rate…
Read More