Egypt supply minister meets Islamic trade fund chief; $1.3 billion approved for commodity imports

Egyptian Supply Minister Sherif Farouk met ITFC chief Aideb al-A'ma to discuss financing for basic commodity imports and food security.

• Farouk met Aideb al-A'ma, CEO of the International Islamic Trade Finance Corporation, during the latter's visit to Egypt.
• Al-A'ma said the institution approved about $1.3 billion in 2026 financing for the General Authority for Supply Commodities.
• The two sides discussed financing grain and oil purchases in coordination with Egypt's Future of Egypt Authority.
• Both officials affirmed continued coordination on financing mechanisms to secure basic commodities.