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Projects for the Islamic bank of 150 million dollar.
Regional, Economics, 7/24/1998
The Islamic Bank, located in Bahrain, agreed to provide $150 million to 10 member countries in the bank.
Libya will receive $17.6 million, which is the highest amount among the ten countries, in addition to presenting support to the national company for navigation in Saudi Arabia.
The bank will also present a loan of $8.3 million to the Algerian company Liana to finance the company's expansion projects.
The bank was established in 1975 to support trade among the Islamic countries.
The bank will also present a loan of $380 million to finance Arab states' imports of essential foodstuffs and the basic structure to help them to overcome their economic crises.
Previous Stories:
Meetings conclude for Arab representatives on European partnership
(7/21/1998)
Beirut to host November banking conference
(7/16/1998)
Arab banks profit up $5.5 billion in 1997
(7/15/1998)
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