At the COP28 climate summit in Dubai, representatives from nearly 200 countries reached an agreement to start reducing the global consumption of fossil fuels.
In this episode of Trade Finance Talks, TFG’s Deepesh Patel sat down with Raja Al Mazrouei, CEO of Etihad Credit Insurance, to discover how ECI is not only encouraging UAE businesses to tap into emerging regional and international markets but also enabling them to scale new heights and achieve sustainable growth.
The European Bank for Reconstruction and Development (EBRD) has recently unveiled its latest Regional Economic Prospects report. The report provides a comprehensive overview of economic trends across various regions for the year 2023, revealing a diverging pattern of growth.
In June 2023, Saudi Arabia’s trade balance achieved a surplus of approximately SAR 38 billion (around $10 billion), as reported by the General Authority for Statistics (GASTAT). The nation’s trade… read more →
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.
