Mena News

Turkish exports to Saudi Arabia fall as alleged boycott hits trade

Reports of an unofficial boycott of Turkish trade by Saudi Arabian authorities continue to swirl, with new data highlighting that exports from Turkey to …

Mena / 02-12-20 / by Maddy White

Sberbank to court Middle Eastern investors with new subsidiary and office

Russia’s largest bank Sberbank has launched a subsidiary in the Middle East and gained in-principle approval to open an office in the United Arab …

Mena / 15-09-20 / by Maddy White

New trade finance fund launched to help Lebanese manufacturers

A new trade finance fund has been rolled out to help the Lebanese manufacturing sector as the country’s economy falters in the wake of …

Mena / 09-09-20 / by Felix Thompson

Concerns emerge over Beirut food supplies, explosives shipment

Damage to Beirut Port following last week’s devastating explosion is disrupting vital food supply lines, as questions emerge over how a 2013 shipment of …

Mena / 12-08-20 / by John Basquill

ITFC moves to bolster trade with new sharia-compliant fund

The International Islamic Trade Finance Corporation (ITFC) has launched a new sharia-compliant fund to support trade development projects in Muslim countries and communities around …

Mena / 29-07-20 / by Felix Thompson

HSBC, Crédit Agricole and Euler Hemes ink loan in Saudi Arabia

Saudi Arabia’s ministry of finance has signed an export credit agency (ECA)-backed loan with Euler Hermes, HSBC and Crédit Agricole CIB worth US$258mn for …

Mena / 28-07-20 / by Maddy White

Violent conflict threatens Libyan oil sector as export blockade resumes

Violent clashes between armed groups near oil facilities in Libya are causing more concern for the country’s energy sector, which has been unable to …

Mena / 22-07-20 / by Maddy White

US targets Iranian metals trade with raft of fresh sanctions

US authorities are tightening restrictions on Iran’s steel, aluminium and iron exports, with a German-headquartered metals trader among nine companies newly added to their …

Mena / 01-07-20 / by John Basquill

Invoice Bazaar and PayTabs ink agreement for small businesses in UAE

Invoice Bazaar, a supply chain finance platform, and PayTabs, a payment solutions provider, have partnered to support small and medium-sized (SMEs) e-commerce businesses in …

Mena / 11-06-20 / by Maddy White

Oman “ahead of the curve” as it steps up trade digitisation efforts

Oman has taken a step towards paperless trade by introducing e-delivery and e-cargo release orders, enabling the sultanate’s logistics sector to approve digital documents …

Mena / 12-05-20 / by Maddy White