India’s central banking authority is encouraging domestic banks to advise their clients to settle trade transactions between the United Arab Emirates and India using the dirham (AED) or Indian rupee… read more →
On Monday, the Indian government announced that India and the United Arab Emirates have begun conducting bilateral trade using their respective local currencies. The prominent transaction involved India’s leading refiner,… read more →
In July, India’s merchandise trade deficit was at $20.67 billion, based on export and import figures released by the government on Monday. According to a Reuters survey, economists had forecasted… read more →
Saudi Arabia’s gross domestic product (GDP) grew by 1.1% in the second quarter, according to government estimates released on Monday, bolstered by a rise in non-oil activities, although overall growth… read more →
Oil prices climbed on Monday due to a tightening supply and expectations for economic stimulus in China, which helped Brent oil maintain a price comfortably above $80 a barrel. This… read more →
It seemed like just yesterday that TFG spoke to our industry friends about their predictions for 2023. But in a blink of an eye, we are over half way through the year. As always, the world of international trade is a busy one, filled with twists and turns that are difficult to predict.
Celsius Tankers (“Celsius”) is strengthening its existing partnership with independent LNG trading company, Gunvor Group Ltd (“Gunvor”), with the charter of four high-efficiency, modern LNG carriers. These carriers, set to… read more →
In line with robust demand and a more significant drop in US oil inventories than anticipated, oil prices climbed on Friday and are set to register a consecutive weekly increase,… read more →
Central Asia is becoming increasingly attractive to investors. It has abundant natural resources and is strategically located, leading to its reputation as a region with untapped economic potential.
As the global demand for shipping continues to rise, the imperative for the industry to embrace sustainability becomes increasingly urgent to mitigate its environmental impact and contribute to a greener… read more →
