There are few regions as pivotal to global trade as the Middle East. The petroleum-rich area is the source of roughly one-third of the world’s oil production. When geopolitical tensions in the Middle East force up oil prices, the whole world catches a cold.
Trade Finance Global dives into the report’s findings and features insights, speaking exclusively to Richard Wulff, Executive Director of ICISA.
The Government of Canada, in collaboration with the Asian Development Bank (ADB), has unveiled a new C$360 million trust fund.
At Commodity Trading Week held in London, Deepesh Patel, Editorial Director, Trade Finance Global, sat with Dr Sadar Abdul Rasheed, Director, Commodity Risk Control at Savola Group to discuss the implications of carbon, decarbonisation, ESG, and climate risk for the commodity traders and commodity markets.
At the IFC Global Trade Partners meeting in Barcelona, Spain, Trade Finance Global’s Editor, Deepesh Patel, sat down with Parvaiz Dalal, Global Head of Trade Payables at Citi, to discuss the bank’s recent collaboration with the IFC and its implications for supply chain finance.
Citi and Emirates NBD, a top banking group in the MENAT (Middle East, North Africa and Türkiye) region, announced a partnership to introduce Citi’s innovative 24/7 USD Clearing service in the Middle East on Wednesday.
For over two decades, the International Finance Corporation (IFC), the World Trade Organization (WTO), and multilateral development banks (MDBs) have been partners in enhancing global trade finance.
Despite a year-over-year decrease in global remittances due to various economic pressures, the report reflects a positive outlook from senders regarding future remittances.
On Wednesday, the European Union announced a 17-38% tariff on Chinese electric vehicles. The tariffs will be introduced by law on 4 July.
FCI has released their Annual Review for 2023, highlighting a return to pre-pandemic stability in the global factoring market.
