Your Monday coffee briefing from TFG: China ramps up trade restrictions against Taiwan
Saudia Arabia, the world’s second-largest oil producer behind the USA, made headlines this week as reports surfaced that its economy had expanded by 11.8% in the second quarter of 2022, a massive pace largely fueled by high oil prices.
Governments and businesses across the Middle East and Africa (MEA) are digitising at a rapid pace, shifting away from on-premises hardware and manual processes in favour of software as a service (SaaS).
The first estimates for the factoring industry worldwide in 2020 have been announced today by the FCI’s Peter Mulroy. Factoring declines were recorded in most regions except Asia Pacific.
All the insights from the first day of the biggest trade finance event in the MENA region.
City Bank has become the first Bangladeshi bank to execute a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology.
The Business Plan outlined new objectives that will allow UKEF to adapt its support for SMEs, help businesses across all the regions of the UK, access UKEF products, and focus its activity on sectors and countries.
From the African Continental Free Trade Area Agreement to MANSA, TFG heard from Afreximbank on how they are addressing the challenges around African trade
Now is the time for trade finance institutions to take the lead in efforts to strengthen SME resilience and leave them in a position to be able to bounce back in the aftermath of the pandemic.
With Vision 2030, Saudi Arabia has embarked on the boldest model of economic and social reform anywhere in the world. TFG spoke to SABB about this transformation in raising the Kingdom’s non-oil trade from 16% to 50% of GDP.
AGTB: New kid on the block. TFG heard from Daniel Gould, Deputy CEO of Anglo Gulf Trade Bank, and its new digital offering for trade finance in the UAE and MENA region. Building a trade bank from scratch without relying on legacy technologies has enabled AGTB to reimagine trade finance, building a competitive product for the corporate banking space.
AGTB: New kid on the block. TFG heard from Daniel Gould, Deputy CEO of Anglo-Gulf Trade Bank, and its new digital offering for trade finance in the UAE and MENA region. Building a trade bank from scratch without relying on legacy technologies has enabled AGTB to reimagine trade finance, building a competitive product for the corporate banking space.
Islamic finance is a specialist area that presents exciting growth opportunities for the UK. Sharia (Islamic law) compliant banking assets make up 6% of the world’s banking assets, but globally, approximately one in four people are Muslim. The scope for growth is obvious.