At the ICC UAE Trade Facilitation Summit in Dubai, Trade Finance Global (TFG) spoke with Vincent O’Brien, director of ICC United Arab Emirates (ICC UAE) and associate director of the Institute of International Banking Law and Practice (IIBLP), to learn more about trade in the Gulf Cooperation Council (GCC) region.

Italian energy group Eni and Congo Republic’s government on Tuesday launched a $5 billion gas liquefaction project expected to reach a production capacity of 3 million tonnes per year in… read more →

VIDEO: Learn more about the letter of credit and the rules governing its use in this four-part interview series with Pradeep Taneja of ICC Bahrain. Includes: tips and explanations of the UCP 600 and the evolution of the rules.

Over the weekend, S&P Global Ratings upgraded Greece’s sovereign credit rating to Positive. Simultaneously, S&P decided to keep Italy’s rating at Stable, showing a divergent path for the two economies.… read more →

In 2023, environmental and climate issues will again be at the top of the policy agenda in the Middle East and North Africa. The upcoming COP28 climate conference in Dubai and the rapid growth in the renewables sector in Egypt and North Africa both point to the growing power of MENA states within global climate politics.

Quite often, trade does not happen directly between the producer of the raw material, the manufacturer and the end user. The supply chain process involved are complex, with each point in the journey ‘adding value’ and potentially adding to the “sustainability footprint” of the product. 

South Korea has formally restored Japan to its list of countries it gives preferential treatment in trade, three years after the neighbours downgraded each other’s trade status amid a diplomatic… read more →

As the commodity trading industry looks back on Q1 of 2023, it is evident that the first three months of the year have been marked by a number of significant events. 

Today, the World Economic Forum (WEF), the World Trade Organization (WTO) Secretariat and the World Bank Group announced their pilot initiative, Action on Climate and Trade (ACT), to help developing… read more →

British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma while in Washington. The British embassy noted that while on the trip, Huddleston hailed another… read more →