Europe Gears Up LNG Imports As Global Competition For Fuel Grows
Europe was the most prominent & biggest importer in the global liquified natural gas sector in the year 2022, with the region buying considerably higher volumes than its competitors as it attempts to replace the shrinking Russian pipeline gas suppli...
Russia-Ukraine War Hits Trade Finance Hard - Says World Bank
According to the World Bank, the GDP (Gross Domestic Product) of Ukraine will have shrunk by around 35%. A further downfall is also expected for 2023, as the comprehensive effects of Russia’s war on the economy are v...
Global Economy Is To be Tougher In 2023, Said IMF Chief
As per the latest statement released by IMF Managing Director Kristalina Georgieva on the CBS news program “Fac...
Afreximbank Issues $1.5B to Support Trade Finance in the Caribbean
As per the latest news, the trade finance firm Afreximbank has issued $1.5 billion to aid Caribbean nations to access its services. Remarking on the arrangement, the Cairo-base...
African Development Bank Supports Bank One With $40 Million Trade Finance Package
As per the latest news, the African Development Bank is supporting the Bank One of Mauritius by granting a $40 million trade finance package to boost its capacity to provide trade finance facilities to SMEs, local corporates ...
UK Updates On New Open Banking Entity
Recently, the UK authorities have announced an update on plans for a successor to the Open Banking Implementation Entity (OBIE).The OBIE was established in 2017 following an order by the Competit...
Standard Chartered Launches Sustainable Supply Chain Finance To The Middle East
As per the latest news, Standard Chartered has introduced what it says is the first sustainable supply chain finance program in the Middle East, in association with Majid Al Futtain Retail, administrator of the Carrefour franchise in the region. Earlier...
India-UK To Discuss 6th Round Of Talks On Free Trade Agreement
As per the recent news, UK trade secretary Kemi Badenoch will arrive in New Delhi today December 12th to conduct her first in-person meeting with Indian counterpart Piyush Goyal over UK-India free trade agreement (FTA). These two Indian and Briti...
IFC Grants $35m Credit to FSDH For SMEs
As per the latest news, FSDH, Nigeria’s Merchant Banking Group has recently been granted a credit facility of $35m in association with the IFC (International Trade Finance)The above-mentioned f...
UK Export Finance To Invest $4.83 Billion In Moroccan Trade To Strengthen Trade Ties
The latest news says the public agency UK Export Finance has declared that it is now open to conducting its business operations in the Moroccan kingdom with the arrangement of a new International Export Finance Executive in Casablanca. Earlier, ...
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World Trade Board Endeavors To Increase SMEs Access To Trade And Finance
Euromoney Named SABB As Market Leader In Trade Finance In Saudi Arabia
ITFA Introduced New Fraud Prevention Working Group in Trade Finance
ING Rigids Oil And Gas Funding To Include Trade Finance, Midstream
Japan Joins WTO Trade Arbitration Alternative To Resolve Disputes
Indonesian Bank Streamlines Trade Finance Processing With Surecomp
With the debt of €5.2m Marco Polo Network Operations declared as insolvent!