News
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23.01.2023
Egypt Seeks $1.5 billion Funding From ITFC, CNBC Arabia reports
As per the recent CNBC Arabia reports, Egypt has entered into a financing arrangement with the ITFC (International Islamic Trade Finance Corporation) worth $1.5 billion to raise funds for its trading including imports of energy prod...
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20.01.2023
Lloyds Bank research shows UK SMEs Plan to Attempt Net Zero goals
The latest research reports from Lloyds Bank show that small and medium-sized businesses (SMEs) in the UK are hunting for necessary changes to accomplish Net Zero goals as motivated by result-driven, or social effect factors as by commerci...
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16.01.2023
China’s 2022 Trade With Russia Hits Record $190bn
As per the recent statement released by the government, China’s trade with Russia hit a record 1.28 trillion yuan ($190 billion) last year, even as Russia’s imports from the European association fell on sanctions connected to ...
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12.01.2023
Broadridge Partners With LiquidX launches InBlock TradeOps
LiquidX, a major international financial technology platform for digitization, monetization, and risk mitigation for trade finance has presented its InBlock TradeOps, a business process outsourcing (BPO) service, in association with Broadridge...
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09.01.2023
Europe Gears Up LNG Imports As Global Competition For Fuel Grows
Europe was the most prominent & biggest importer in the global liquified natural gas sector in the year 2022, with the region buying considerably higher volumes than its competitors as it attempts to replace the shrinking Russian pipeline gas suppli...
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05.01.2023
Russia-Ukraine War Hits Trade Finance Hard - Says World Bank
According to the World Bank, the GDP (Gross Domestic Product) of Ukraine will have shrunk by around 35%. A further downfall is also expected for 2023, as the comprehensive effects of Russia’s war on the economy are v...
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02.01.2023
Global Economy Is To be Tougher In 2023, Said IMF Chief
As per the latest statement released by IMF Managing Director Kristalina Georgieva on the CBS news program “Fac...
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27.12.2022
Afreximbank Issues $1.5B to Support Trade Finance in the Caribbean
As per the latest news, the trade finance firm Afreximbank has issued $1.5 billion to aid Caribbean nations to access its services. Remarking on the arrangement, the Cairo-base...
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24.12.2022
African Development Bank Supports Bank One With $40 Million Trade Finance Package
As per the latest news, the African Development Bank is supporting the Bank One of Mauritius by granting a $40 million trade finance package to boost its capacity to provide trade finance facilities to SMEs, local corporates ...
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20.12.2022
UK Updates On New Open Banking Entity
Recently, the UK authorities have announced an update on plans for a successor to the Open Banking Implementation Entity (OBIE).The OBIE was established in 2017 following an order by the Competit...
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