Egypt

Today, the International Finance Corporation (IFC) and Egypt announced a $100 million financing deal at the “IFC Day in Egypt”.

Deepesh Patel spoke with Robert Besseling, CEO at Pangea-Risk to explore the current landscape of the Middle East region, shedding light on the opportunities, challenges, and evolving economic prospects in the face of the ongoing events.

In a recent interview at the EBRD’s Trade Facilitation Program conference in Vienna, Deepesh Patel, the editor at Trade Finance Global, welcomed Abla Hussein, the Sector Head for Non-Bank Financial Institutions at the Commercial International Bank of Egypt (CIB).

After weeks of speculation, and a last-minute stalemate, the BRICS group of nations has extended an invite to six additional countries. The new countries are Argentina, Egypt, Iran, Ethiopia, Saudi… read more →

UAE-based agribusiness Al Dahra and the Abu Dhabi Exports Office (ADEX) have inked a $500 million contract to supply Egypt with wheat, a statement confirmed on Monday. The five-year deal,… read more →

Trade Finance Global is proud to partner with Dr Robert Besseling, Pangea-Risk and John Miller, Trade Data Monitor to provide an overview of MENA-related political risk and trade data. Providing a succinct overview of MENA politics and trade breakdown is a crucial component of any publication that aims to provide comprehensive coverage of global affairs.

In 2023, environmental and climate issues will again be at the top of the policy agenda in the Middle East and North Africa. The upcoming COP28 climate conference in Dubai and the rapid growth in the renewables sector in Egypt and North Africa both point to the growing power of MENA states within global climate politics.

Today, the World Economic Forum (WEF), the World Trade Organization (WTO) Secretariat and the World Bank Group announced their pilot initiative, Action on Climate and Trade (ACT), to help developing… read more →

The European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) have signed a landmark first co-financing agreement, under which MIGA will issue up to $200… read more →

The European Bank of Reconstruction and Development’s (EBRD) Trade Facilitation Programme (TFP) supported its highest ever number of transactions in a single year in 2022.  The programme facilitated 1,768 transactions… read more →

Egypt and India announced Thursday a “strategic partnership” to increase trade by billions of dollars and strengthen diplomatic ties, as President Abdel Fattah al-Sisi concluded a visit to New Delhi.… read more →

The International Chamber of Commerce (ICC) releases standards for sustainable trade, providing a framework that assesses the environmental sustainability of transactions. 

UK Export Finance (UKEF) announced on Finance Day at COP27, November 8, that it will become the first export credit agency (ECA) to offer Climate Resilient Debt Clauses (CRDC) in… read more →

TFG’s Carter Hoffman (CH) interviewed Talal Ghandour (TG), chief investment officer and managing director at Metito, to discuss how the recent HSBC funding is helping push toward circular water systems to resolve water shortages. 

This article looks at the Central Bank of Egypt’s decision to stop accepting documentary collections for imported goods, and substitute them with letters of credit. The decision is expected to have wide-reaching implications for Egypt’s business community and banking sector, writes Haitham Elsaid.