In its newest chapter in Egypt, the International Islamic Trade Finance Corporation, a member of the Islamic Development Bank (IsDB) Group, launched the “SheTrades” initiative in Egypt, which is implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS) program. The launch took place in […]
AIM AFRICA will be a powerful impetus in strengthening AFRICA’s economic stability, sustainability, and growth. The African continent has immense untapped economic potential that presents innumerable opportunities for investors. The continent is also emerging as one of the preferred destinations for investments. According to data released in 2020 by the United Nations Population Division, 56.2% […]
Tradewind Finance has reached an agreement with a laser equipment company in Guangdong that sells to Germany, Britain, Italy, and Poland, among other countries. The export factoring arrangement will support open account terms of up to 120 days with the company’s customers. As a traditional trader, the company offers various brands of laser cutting machines. […]
According to the results of the latest “Payment Practices Barometer” survey conducted in Asia by Atradius, 60% of the B2B invoices on credit in the United Arab Emirates (UAE) were not settled on time, which is significantly higher than the 50% average for Asia as a whole. On average, it took businesses 40 days to […]
Private capital investments in Spain reached a record volume in 2020, totalling €6.27bn, a growth of 33% of the volume reached in 2019. However, in this booming sector, diversity does not move at the same pace: while many of the jobs that are not directly related to investment (administrative tasks, investor relations and platform) are […]
There’s been a dramatic drop in the number of businesses reporting cashflow issues, with three times as many SMEs as usual saying they had no cashflow problems in the past year. This result, in ScotPac’s SME Growth Index, points to business owners holding on to their cash in the face of extraordinary economic conditions and […]
Marking a key milestone for Africa’s continental trade system and export-led growth, under the umbrella of Arab Africa Trade Bridges (AATB) Program, the International Islamic Trade Finance Corporation (ITFC), in cooperation with the Egyptian Export Development Authority, and under the patronage of Her Excellency Nevin Gamea, Minister of Trade and Industry, launched the first training […]
HBL, Pakistan’s largest commercial bank, has become the first bank in Pakistan to invest in a digital fintech startup with its significant participation in the last tranche of Finja’s Series A1 round. HBL joins leading global fintech funds invested in Finja including BeeNext, Vostok Emerging Finance, Quona Capital, and ICU Ventures. All investors from previous […]
3S Money, a bank challenger that enables corporates to accept and manage bank transfers in foreign markets, today announced that it is expanding its portfolio of banking partners to include Raiffeisen Bank International A.G. – an Austrian banking group. The security of this new partnership enables 3S Money to expand its reach into global markets, […]
Overall, the Chinese economy expanded by 2.3% in 2020, being the only major economy to record growth, and Coface expects the GDP to accelerate to a 7.5% growth in 2021. This would be the fastest pace since 2013, and comfortably above the minimum of 6% set by the authorities. In normal times, higher economic growth […]
