Egypt To Host The NATF Summit In June

The NATF or North Africa Trade Finance Summit 2022 will be held in Egypt from 7th to 8th June. The summit will see financial innovators, founders of pioneering and start-up companies, over 30 business leaders, and more. The theme for this year will be “Improving Trade Resilience Amid Series Of Global Supply Chain Disruptions.” 

On Sunday, during the announcements, the Egyptian Cabinet elaborated that there would be immense panel discussions regarding the recent developments in the trade finance sector. They will also be reviewing the world of trade after the pandemic and the Russia-Ukraine war. 

After all, according to Abdul Hakim Elwaer, the Regional Representative for the Near East and North Africa and the Assistant Director-General of the Food and Agriculture Organization, one of the biggest sufferers of this war are the Arab countries. Both the countries involved in the war fulfilled 30% of the world’s needs for grains, cooking oil, and wheat. And almost half the African and Middle Eastern countries rely heavily on these imports for their staples. 

With sanctions on Russia and Ukraine being unable to export, traditional clients cannot carry out their financial transactions. Also, the war has caused severe hikes in food prices following the increase in shipping insurance and other such costs. 

Elwaer also pointed out that Egypt has successfully handled these crises previously, especially during the COVID-19 pandemic. Moreover, they maintained their development works and implemented diversification to achieve the highest growth rate in the North African and Middle Eastern regions. He also said that Egypt’s success had been proven in the last couple of years, and their hard work should be taken as a worthy example for all the other countries.





Other news

Most Recent Blogs View All Blogs

01 Aug

Ethical Banking & Sustainable Finance : Key Concerns Highlights

Today, almost 80% of global trade relies on trade financial systems which are sustainable & feas...

21 Jul

Importance of Trade Finance For Importers-Exporters

A vast amount of SMEs and entrepreneurs who are interested in import-export trade activities rely on...

14 Jul

Cybersecurity Measures In International Trade

Ever since the global pandemic exposed the flaws of paper-based traditional international trade fina...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.