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Adding value to Middle East trade financingTrade finance in the Middle East is at an inflexion point. As the discipline innovates and evolves, it becomes a tool to help businesses grow, rather than being a heavy weight in the firm’s debt repayment schedule. There’s still much More… |
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ICC report confirms low-risk profile for trade financeICC Trade Register data shows that trade finance products maintain their favourable credit risk profiles compared to similar asset classes due to low default rates and relatively short time to recovery. E More… |
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SMEs ‘hardest hit by trade finance gaps’Small- and medium-sized enterprises (SMEs) are among the hardest-hit by the trade finance gap, a report said, adding that SMEs account for nearly 53 per cent of all rejected trade finance transactions. By contrast, 79 per cent of More… |
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Bank of Fujairah plans big Africa expansionNational Bank of Fujairah (NBF) may open trade finance offices in Africa as part of an expansion of foreign business that is taking the bank far from its roots in one of the more remote, less developed parts of the UAE. With its h More… |
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DIB picks Deutsche Bank for euro clearingDubai Islamic Bank (DIB) and Deutsche Bank have signed an agreement which will allow DIB to utilise the bank’s euro cross-border payment clearing solutions and its European trade expertise to facilitate letters of credit into Europe. More… |
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Arab Banking Corp wins trade finance honourBahrain-based Arab Banking Corporation (ABC) was recently named the “Best Trade Finance Bank in Bahrain for the year 2013” by New York’s Global Finance magazine. The magazine has selected the best trade finance b More… |
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Islamic trade finance: Lost in transactionThe Islamic finance industry - which is growing rapidly in some areas, such as debt issuance - is neglecting merchandise trade, leaving trade finance for conventional banks to dominate, say analysts. More… |
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Apicorp seals trade finance deal with JP MorganArab Petroleum Investments Corporation (Apicorp), a Saudi-based multilateral bank owned by the Arab states, said it has signed an agreement with JP Morgan Treasury Services to boost its trade finance offering for energy companies. Apicorp More… |
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Apicorp seals trade finance deal with JP MorganArab Petroleum Investments Corporation (Apicorp), a Saudi-based multilateral bank owned by the Arab states, said it has signed an agreement with JP Morgan Treasury Services to boost its trade finance offering for energy companies. Apicorp More… |
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UAE, Qatar banks stop trade finance to IranThe central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme. The Gulf More… |
