Factor’ has been derived from the Latin word ‘Facere’ which means ‘to make or to do. As per FCI, or Factors Chain International, is a global network of leading factoring companies that adhere to high standards and best practices in the factoring industry it is Factoring is bas...

There are several definitions of trade finance available online, and the terminology employed is intriguing. It is characterised as a "science" and "an imprecise term covering a variety of different activities." Both are correct, as is the nature of these things. Managing the...

As per the latest news, the fifth UN Global Survey on Digital and Sustainable Trade Facilitation 2023 has been introduced by the five United Nations Regional Commissions and the United Nations Conference on Trade and Development (UNCTAD). This 2023 edition comprises 60 measure...

As per the latest news, the ECOWAS Bank for Investment and Development (EBID) has revealed a dual-currency trade finance credit line worth around $ 130 million. The funding will be utilized critically to upgrade food security and build up agricultural value chains across West...

As per the latest news, Commercial Bank, the most innovative digital bank in Qatar has been honored with the “Best Trade Finance Provider in Qatar” by Global Finance for the fourth consecutive year. Global Finance is the world’s major publication that acknowledges distinct con...

As per the recent news, US trade officials have visited Taiwan to start off four days of negotiations over a proposed trade arrangement that has drawn resistance from the People’s Republic of China. The meeting which is scheduled between US and Taiwanese negotiators in Taipei...

A healthy trading system depends on the availability of finance. Up to 80% of current Global Trade Finance is backed by credit insurance or other financing. However, there are sizable gaps in the available resources, making it difficult for many businesses to access the necess...

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 products & crucial commodities. Last year, a...

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 commercial acknowledgements. The Lloyds Bank N...

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 Moscow’s invasion of Ukraine. China’s 2022 exports...

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 Financial Solutions. The introduc...

The mindset you have plays a crucial role in overcoming business failure. It starts with a willingness to adapt and a flexible, upbeat attitude. Whether or not failure inevitably leads to success depends on how we handle it. People tend to strike the most evident immediate iss...

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 visible. Apparently, the media across the world has properly c...

As per the latest news, Standard Chartered has introduced what it says is the first sustainable supply chain finance program in the Middle East, in association with Majid Al Futtain Retail, administrator of the Carrefour franchise in the region. Earlier, Standard Chartered lau...

As per the latest news, the Panama-based multinational bank Banco Latinoamericano de Comercio Exterior (Bladex) has turned into the first bank in Latin America to collaborate with Dubai-headquartered Fintech Innovations International DMCC’s TradeAssets platform. By associating...

As per the latest news, a rise has been seen in the acknowledgement of supply chain finance in emerging economies to support the development of the global supply chain finance market. The Covid-19 pandemic significantly improved the interest in new technologies, including elec...