South Korea has formally restored Japan to its list of countries it gives preferential treatment in trade, three years after the neighbours downgraded each other’s trade status amid a diplomatic… read more →
Finding from recent Finastra research shows that bank view fintech partnerships as a vital strategy, with three in four banks looking to connect with three fintechs in the next 12-18… read more →
In this episode of Trade Finance Talks, Deepesh Patel, editor at TFG was joined by Chris Southworth, co-chair of Legal Reform Advisory Board at ICC Digital Standards Initiative, and Nick Davies, director of the Centre for Digital Trade and Innovation.
The Business Research Company’s research on the trade credit insurance market forecasts the global trade credit insurance market size to grow from $10.3 billion in 2022 to $11.2 billion in… read more →
As the commodity trading industry looks back on Q1 of 2023, it is evident that the first three months of the year have been marked by a number of significant events.
The financial services industry (FSI) has changed dramatically over the past decades due to technological developments in telecommunications, information technology, and financial practice.
From “Accelerator” to “Zombie Firm”, the fintech industry has numerous terms that often confuse and scare away many people. If one is not involved with the industry, there are endless… read more →
The Arab region has seen significant progress in education, particularly for women, thanks to the ambitious Visions for 2030 and the United Nations’ Sustainable Development Goals (SDGs). Governments have prioritised education reform to break generational cycles of poverty, inequality, and stagnant economic growth, leading to Arab women excelling in education and driving regional prosperity.
The dematerialisation of invoices and other supply chain documents is set for rapid growth. Most importantly the B2B market can be expected to build on the success of larger enterprises in automating their accounts payable and receivable processes to spread e-invoicing practices to small and medium-sized businesses (SME).
Today, the World Economic Forum (WEF), the World Trade Organization (WTO) Secretariat and the World Bank Group announced their pilot initiative, Action on Climate and Trade (ACT), to help developing… read more →
British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma while in Washington. The British embassy noted that while on the trip, Huddleston hailed another… read more →
Trade is critical in advancing economies, including those in the MENA region. At the same time, trade finance presents unique opportunities for criminal exploitation, also referred to as Trade Based Financial Crime (TBFC).
Industrialisation is a critical component of economic development, with many benefits that include improved standard of living, economic stability, growth in agricultural production, the balance of payment surpluses and high employment rates.
The Board of Directors of the African Development Bank Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the… read more →
For many SMEs, the financing gap is always a major concern. It is reported that financing shortages count for more than half of SMEs’ problems. This issue is important for national policymakers, and financiers, as SMEs are major drivers of economic growth, employment, and social development in all economies, but especially in developing countries.