Archive for October, 2023

At the ITFA annual conference in Abu Dhabi, TFG’s Mark Abrams spoke with Nishit Kumar, Senior Director, Head of Loan Syndications and Distribution at Mashreq Bank, and Kamola Burikhodjaeva, Executive Director, Head of Americas Distribution at J.P. Morgan. 

At the 49th Annual Trade and Forfaiting Conference held at ITFA Abu Dhabi, TFG’s Deepesh Patel spoke with Sean Edwards, Chairman of the International Trade and Forfaiting Association (ITFA), about some of the key themes emerging throughout the conference in a quickfire session.

Britain declared on Monday that it will enact its inaugural set of regulations aimed at the cryptocurrency sector. The rules will necessitate market participants to secure authorisation before offering services… read more →

The European Council has adopted a new regulation to establish a European green bond standard. This regulation sets standardised criteria for bond issuers who want to label their bonds as… read more →

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.

“None in particular” is the phrase most frequently heard from enterprises ranked in the top 100 for revenue across eight major global markets when asked which provider leads in digital… read more →

FCI, the global representative body for the factoring and receivables finance industry, has achieved a significant milestone by securing three major agreements during its annual meeting in Marrakesh.

African Export and Import Bank (Afreximbank) has now established partnerships in its African Trade Facilitation Programme (AFTRAF) with over 80% of Africa’s commercial banks, according to the executive vice president of the Intra-African Trade Bank (IATB), Kanayo Awani.

The OPEC Fund for International Development (OPEC Fund), is extending a loan of $50 million to ACWA Power. This financial support is aimed at bolstering the 240 MW Khizi-Absheron wind… read more →

Digital trade finance platform Contour has announced its closure, citing insufficient funding from its bank shareholders. Operations will cease on November 30, leaving users a brief window to complete transactions and download essential data.

A New York man with Ghanaian connections who engineered a trade-based money laundering (TBML) scheme to transfer illicit gains from online scams has been sentenced to 14 months in prison and ordered to pay $532,738 in restitution to 11 victims.

The European Central Bank (ECB) is set to maintain interest rates, breaking a 15-month sequence of increases. The focus may now shift to a more rapid downsizing of its extensive… read more →

At ITFA’s 49th Annual International Trade and Forfaiting Conference in Abu Dhabi, TFG’s Deepesh Patel sat down with Gwen Mwaba, Director & Global Head, Trade Finance at African Export-Import Bank (Afreximbank). Their discussion revolved around the pressing issues facing African trade finance and the active role of DFIs in fostering African trade. 

Tom Vilsack, the Secretary of Agriculture, revealed that the United States Department of Agriculture (USDA) will allocate $2.3 billion to assist American agricultural producers in sustaining and expanding their market… read more →

In the ever-evolving landscape of international finance, one pressing question looms large: Can Central Bank Digital Currencies (CBDCs) truly transform the realm of cross-border payments?