A toxic combination of macroeconomic dispute, a global pandemic which by now we are all too familiar with and dwindling storage capacity led to negative prices for crude oil for the first time in history, and the worst performance of West Texas Intermediate (WTI) on the New York Mercantile Exchange since its futures trading opening in 1983.
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.
In 2012, Asian Development Bank’s Trade Finance Program (TFP) commissioned a unique study, the first of its kind, to understand and quantify the unmet demand for trade finance, known as the global trade finance gap. Over the years, TFP has updated this study to quantify and inform policymakers and market participants about the main drivers for this persistent trade finance gap.
In 2018 the world factoring industry volume continued its upward trend with a total reported figure of over 2,767 billion euro representing over 6% growth compared to the previous year.
TFG took a deep dive into the world of commodity markets and oil prices in 2019. What’s been driving prices, and what is the impact of geopolitics on major commodity markets? TFG’s Ross McKenzie investigates.
We heard from Nitin Gaur, Director of IBM Digital Asset Labs at the ICC Banking Commission’s Annual Meeting, on the benefits of blockchain / DLT for enabling trust, transparency and security
As TFG prepare for IFN Asia, in Kuala Lumpar, TFG heard from Islamic Finance News Managing Editor, Vineeta Tan, who gave a brief overview of the Islamic Finance and Shariah market
To oil or not to oil? How is the UAE diversifying its economy to attract investment? As oversupply concerns curtail the global oil price’s trudge back upwards following its flirtation… read more →
Following the FCI’s recent appointment of Ms. Betül Kurtulus, Chapter Director of Central & Eastern Europe, South East Europe (Balkans), and the Middle East, we asked her about some of… read more →
Anglo-Gulf Trade Bank has today announced that it has joined the Marco Polo Network, the largest network of commercial banks in the trade finance market leveraging blockchain technology to dramatically… read more →
Investment in Africa has typically been dominated by the US, EU & BRIC (Brazil, Russia, India & China) nations. Moreover, according to the World Investment Report 2018, Foreign Direct Investment… read more →
Contrary to popular belief, Dubai is not an oil based economy. In fact, oil only represents 6% of its revenue and this is not expected to change as its oil… read more →