Eng. Hani Salem Sonbol, Ceo Itfc Meets With H.e. Nourredine Zekri. General Manager To Discuss F

JEDDAH, Saudi Arabia - Oct. 6, 2016 - PRLog -- (BMICE),to discuss mutual areas of cooperation, on the sidelines of the MENA-OECD Ministerial Conference, taking place in Tunis on 3-4 October 2016.

Both parties saw the potential of the cooperation that can be achieved through a future MOU that includes common areas of interest between both entities such as the provision of financing, in addition to development, infrastructure and capacity building projects related to intra Maghreb trade.

From his side Eng. Sonbol commented: " ITFC is keen to establish a strong relationship with BMICE, being one of the most distinguished Multilateral Institutions in the Maghreb region that could have a lot of successful projects with ITFC, as both institution have shared goals and objectives and operate on mutual Member Countries "

It is worth mentioning that Eng. Hani Sonbol was also key participant in the Ministerial Conference: "Better Policies for Inclusive growth and Economic Integration in the MENA Region". In addition, ITFC will renew its framework agreement with the Government of Tunisia, during the Ministerial conference in Tunis for the import of strategic commodities like crude oil, petroleum imports, natural gas and electricity, which will boost the energy sector and have a tremendous impact on the welfare of the country.

About ITFC

The International Islamic Trade Finance Corporation is an autonomous entity within the Islamic Development Bank Group created with the purpose of advancing trade, which would ultimately contribute to the overarching goal of improving socioeconomic condition of the people across the Islamic world. ITFC has consolidated all the trade finance businesses that used to be handled by various windows within IDB Group. It commenced operations in Muharram 1429H (January 2008G). The consolidation of IDB Group's trade finance activities under a single umbrella enhanced the Corporation's efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment.

As a leader in Shari'ah-compliant trade finance, ITFC deploys its expertise and funds to businesses and governments in its Member Countries. Its primary focus is to encourage more intra-trade among OIC member countries. As a member of IDB Group, ITFC has unique access to member countries' governments and it works as a facilitator to mobilize private and public resources towards achieving its objectives of fostering economic development through trade. The Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools in order to help them compete successfully in the global market.  www.itfc-idb.org