UAE-based financial technology company UAE Trade Connect unveiled a rebrand this week as Haifin, announcing plans to expand its blockchain-powered invoice-checking platform beyond the UAE. Haifin's tool is designed to address the persistent issue of duplicate financing fraud i...

When companies export and import goods internationally, paying and transferring ownership can be risky if the parties don't know or trust each other. Documentary collection provides a secure payment process that helps facilitate trade in these situations. The exporter ships th...

The World Bank has issued a stark warning that developing countries face mounting challenges paying back loans as borrowing costs surge and economic expansion slows across the globe. In its starkest caution yet on emerging market debt sustainability, the multilateral lender st...

Trade financing facilitates global commerce but involves antiquated systems reliant on manual paperwork, limited transparency between parties, and financing constrained to assets already held by major institutions. Blockchain delivers a Trade Finance Automation opportunity to...

As of now, there has been no significant impact on India's exports and imports owing to the crisis in the Red Sea, as per an official statement. Although shipping costs have risen due to ships taking longer alternate routes. "The volume of trade remains unaffected so far. Only...

Letters of Credit (LCs) play a pivotal role in facilitating international trade, offering a secure and systematic way to conduct transactions across borders. Establishing trust and security poses critical challenges. Amidst this backdrop, Letters of Credit (LCs) have emerged a...

In the endeavor to augment bilateral trade, Sri Lanka has formally entered into a trade agreement with Thailand. The pact, termed the Sri Lanka-Thailand Free Trade Agreement, spans various sectors including trade in goods, investment, customs procedures, and intellectual prope...

India is requesting expanded market access for specific products including steel, rice, and shrimp as part of ongoing negotiations with South Korea to upgrade the current comprehensive economic partnership agreement (CEPA) between the two nations, a government official disclos...

Trade finance facilitates transactions and lowers risks for buyers and sellers globally, acting as a vital backbone for international businesses. It is the solid foundation that sustains the complex system of international trade. Now, the crucial challenge that businesses enco...

In the realm of international trade and finance, Letters of Credit (LC) stand as powerful instruments facilitating transactions between parties across borders. Whether you're a seasoned importer, exporter, or a budding entrepreneur venturing into the global market, comprehendi...

In a surprise move, China's central bank announced a significant cut to bank reserves on Wednesday, injecting around $140 billion into the banking system. The People's Bank of China (PBOC) declared a 50-basis point cut, the largest in two years, effective from February 5th, ai...

U.S. Secretary of State Antony Blinken landed in Ivory Coast on Monday, the second stop of his four-nation African tour. During his visit, Blinken attended a soccer match at Stade Olympique Alassane Ouattara D’Ebimpé. He received a jersey with his name and said ‘that he was ho...

The International Monetary Fund (IMF) predicts a 4.3% boost in Burundi's economy this year, up from 2.7% in 2023. In their statement on Monday, the IMF explained that this growth is expected due to strong farming, productive investments, and ongoing reforms. They also noted th...

Riyadh, the capital of Saudi Arabia has won the hosting role of the Expo 2023 World Fair. It is another victory for a gulf country after winning the Soccer World Cup in the last year in Qatar. Busan and Rome were also on the list to host the 5-yearly event that attracts visito...

In the international trade platform, China is going to lose its longevity position as the US’s top exporter. This is because of the tensions between the two big economies and a vital reconstitution of global supply chains. According to the latest reports, the US Commerce Depar...

The latest BRICS expansion boasts a mixed population of around 3.5 billion people with a mixed economy worth more than $28.5tn. The growth of BRICS is capable of making a change in the geopolitical environment; however, analysts are not sure whether the expansion will be a hel...

India’s punitive charges on Chinese industrial laser machinery seem to be adding fire to the anti-dumping investigations on made-in-China products. Though Chinese responses were measured, New Delhi has raised concerns about the growing international trade deficit with Beijing....

Supply chain finance is a special category of financing that optimizes cash flow inside the supply chain environment. It facilitates early payment to suppliers and thereby enables companies to unlock the value trapped in their supply chain. It is performed based on certain Key...

Import finance refers to the various financial instruments and mechanisms employed by businesses to facilitate the purchase and movement of goods from foreign suppliers. Its primary goal about International trade risk management is to address the unique challenges associated w...

The convеrgеncе of financial technology (fintеch) with Islamic banking is poisеd to spark a monumеntal surgе, propеlling thе industry to an еstimatеd value of $4 trillion by 2026. This forеcast comеs as a rеsult of a symbiotic rеlationship bеtwееn tеchnological advancеmеnts an...

Technology has become a new basis for banks in order to survive in the competition. Leading banks use technology best to achieve a competitive advantage in areas including product innovation and product efficiency. Advanced technology helps banks lower running costs and elevat...

The Trade credit is basically a kind of short-term financing which permits the businesses to purchase the goods as well as services from the suppliers devoid of paying them upfront. On the other hand, the Trade credit is usually used in the International Trade, where the buyer...

Take a step toward financial empowerment by using customized trade finance services that are made particularly for you. Having a reliable ally is essential in the world of money, particularly when negotiating the intricacies of international trade. My goal is to make your expe...

The change in the US position is expected to be a setback for the ongoing efforts of JSI members, which include several developed nations like the European Union, Switzerland, Australia, New Zealand, Japan, Korea, and Canada. These members had been advocating for the implement...

On Thursday, Mastercard estimated a slower-than-predictable growth in net income for the financial year's fourth quarter, motioning a possible restraint in spending capacities as an indeterminate financial environment prompts caution among customers. A lower two-digit percenta...

Trade Finance Services Trade finance services are essential for facilitating smooth international transactions.Here's a concise overview: ● Definition: Trade finance services encompass a range of financial instrumentsand products designed to support and facilitate global trade. ●...

Corporate Payment Cards FAQs Corporate payment cards offer businesses a convenient and efficient way to manageexpenses. These cards streamline financial processes, providing a secure and flexiblesolution for employee spending. With customizable features and detailed reporting,bus...

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