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Category: News

Feb 21
International Islamic Trade Finance Cooperation Provides US$850 million for COVID-19 Emergency Interventions OIC Member Countries

ITFC were winners of the 2020 TFG International Trade Finance Awards, in cooperation with BAFT. Read their interview here.

Feb 21
UK ONS Trade Figures Released: Commentary on Global Trade Impact

Commenting on this morning’s UK trade (March 2020) figures from the ONS, Dr Rebecca Harding, CEO of Coriolis Technologies and trade economist.

Feb 21
UK nominates Liam Fox as next Director General of the WTO

The UK will today nominate former International Trade Secretary Dr Liam Fox as the next Director-General of the World Trade Organization. The Government believes he is the ideal candidate for the following reasons: He is a passionate advocate of multilateralism, and fully committed to advancing the WTO and rules-based trading system. Dr Fox brings decades […]

Feb 21
SMPs continue to be a lifeline for SMEs in a post-Covid world

SMEs (small medium-sized enterprises) are a fundamental pillar of the economy. The World Bank estimates they make up 90 percent of businesses globally and more than 50 percent of employment worldwide. Smaller accountancy firms, also known as small medium-sized practices (SMPs), are the most trusted advisers to the small business community – and provide a crucial lifeline to a sector vulnerable to business failure and poor governance.

Feb 21
Liam Fox makes SMEs across the globe his priority as Director-General contest continues

Dr Liam Fox today warns that the World Trade Organization must seek new solutions to help businesses in developing countries to overcome barriers to international trade. 

Feb 21
From fundamentals to digital evolution: Deutsche Bank and ACT release comprehensive guide for treasurers

The Association for Corporate Treasurers (ACT), in partnership with Deutsche Bank, has today announced the release of “The Group Treasurer: An ACT guide to the first 100 days”, which provides valuable insights on the role of the treasury function – serving as an in-depth guide to those moving into senior treasury roles for the first […]

Feb 21
Report shows a marked decline in trade restrictions by WTO members amidst the COVID-19 pandemic

In presenting the report to members, Deputy Director-General Yonov Frederick Agah said:

Feb 21
International Islamic Trade Finance Corporation Launches its Letter of Credit Confirmation Facility

Commenting on the launch of the new product, Eng. Hani Salem Sonbol, ITFC CEO, said: ‘ITFC is committed to supporting SMEs and private sector development in developing countries to drive global trade. With this LCs Confirmation instrument, the ITFC is demonstrating the important role that Islamic trade finance products and solutions have in levelling the playing field for developing markets that seek to participate in the global economy. This provides much-needed support for exporters, the issuing banks and as a consequence, serves to provide strategic trade finance support where and when…

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