Tuesday 23 April 2024
 
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credit line

Norway opens $1bn credit line to Iran

Norway has opened a $1 billion credit line for Norwegian companies’ exports to Iran, a senior official said in a report. Norway’s Foreign Minister Borge Brende said that about $400 million of that credit line has been

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IMF expands Mexico credit line to $88bn

The International Monetary Fund on Friday boosted its flexible credit line with Mexico to $88 billion in a bid to support Latin America's No. 2 economy, whose currency has been battered by global volatility. The fund said it c

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Syria ratifies fresh $1 billion credit line from Iran

Syrian President Bashar Al-Assad signed a law ratifying a $1 billion credit line from top regional ally Iran, Syria's state news agency SANA said on Wednesday, funds which will help ease economic strains from the costly war. T

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Syria eyes new $1bn credit line from Iran

Syria hopes to receive a new credit line from Iran worth around $1 billion which it will use to buy basic goods, an assistant to Syria's minister of economy and foreign trade said on Wednesday. The comments come a day after Al

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IMF agrees on $5bn credit line for Morocco

The International Monetary Fund said on Monday it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth. Morocco's central ba

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EDB Bank gets $20m credit line

Abu Dhabi's Arab Trade Financing Programme has extended a $20 million line of credit to Egypt's Export Development Bank (EDB) to finance Egyptian export activities, Egypt's trade ministry said on Thursday. The deal comes as the

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