United Arab Emirates

TFG interviewed ITFA and ADB about the financing of dirty commodities and fossil fuels, and what a sustainable transition means for trade finance.

With the trade ecosystem increasingly shifting towards technological advancements, and a market saturated with options in which to digitise trade processes, it can be difficult to cut through the noise.

Your Monday coffee briefing from TFG – VIDEO | Citi on navigating volatility and incorporating ESG finance principles into trade finance

At the European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Program (TFP) Forum in Istanbul, TFG spoke with Vincent O’Brien, director of the International Chamber of Commerce (ICC) in the United Arab Emirates (UAE) and associate director of the Institute of International Banking Law and Practice.

For sustainable trade finance to scale, the industry needs a uniform model for ESG data that can be used by everybody, says Pradeep Nair, Global Head of Structured Solutions and Development of Standard Chartered Bank

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).

In our latest podcast, TFG’s Deepesh Patel spoke with Saskia Rietbroek of ACSS and Michael Byrne of IIBLP on sanctions busters, sanctions compliance, and new maritime guidance for financial institutions

Among last week’s top stories, the Trade Finance Global International Trade Awards 2022, in cooperation with BAFT, announced that nominations are now open

TFG’s editor, Deepesh Patel, interviewed Nasser Al-Thekair, general manager of trade and business development at the International Islamic Trade Finance Corporation (ITFC), to discuss the impact of COVID-19 on Islamic Finance.

Trade and economic activity are advancing at a rapid pace across the Middle East. How are governments across the region evolving and harnessing opportunities to enable high-speed economic activity?

Your morning coffee briefing from TFG. World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter. WTO Director General calls for action on trade finance in low to middle-income countries.

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.

Factoring, as an important method to extend credit, is a type of financial transaction where the creditor assigns its receivables to an assignee at a discount. In recent years, there has been a large growth of factoring transactions around the world.

Your Monday morning coffee briefing from TFG. The WTO is forecasting growth in global merchandise trade of 8.0% this year following a contraction of 5.3% in 2020.

Your Monday morning coffee briefing from TFG. A container ship ran aground, blocking the Suez Canal which carries about 12% of global maritime trade. The blockage may take some time to clear, further disrupting global shipping, already beset by high freight costs and delays caused by the pandemic.