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Arab Bank to finance exports to African markets
Regional, Economics, 3/10/1998
The Arab Bank for Economic Development in Africa decided to establish a credit of $110 million to finance mutual exports between Arab and African markets.
The general manager of the Arab Bank, Medhat Lotfi, said that Arab companies that have products with proven experience in African markets will benefit from the credit line for loans.
He also said the credit line's value in the coming year will be increased by an additional $10 million to reach $120 million.
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