Most Recent News

OFID invests $50 million to support Egypt purchase gas, petroleum products

The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas via a mudaraba.

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OFID signs $50 million deal with Natixis to bolster trade in Africa

OFID – the OPEC Fund for International Development – has signed a $50 million unfunded risk-sharing agreement with Natixis., part of Groupe BPCE, France’s second-largest banking group. Under the agreement,.

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OFID approves over US$270m funding in Europe, Africa and Asia

The 164th Session of the Governing Board of the OPEC Fund for International Development (OFID) has approved over US$270 million of new funding to benefit developing countries across the globe..

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