Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) announces the launching of the 2nd phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in June 2021 to Mitigate the Effects of COVID-19 on Trade in the Arab Region

The webinar gathered high level officials and partners, and country representatives, where the discussion evolved around the success of the first phase of AfTIAS Program in 2014 to 2018

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) on behalf of The Islamic Development Bank Group (IsDB), and in coordination with the League of Arab States hosted a high-level webinar themed “The role of the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in mitigating the negative effects…

Source: INFINOX Capital |

Online Trading: What to look for in a Broker

With the rise of public participation in online trading, it is crucial to consider all the trading services offered by the broker to ensure successful trading

Public participation in online trading has accelerated at unprecedented levels in 2020. This is the view of Dany Mawas, Regional Director at INFINOX (www.INFINOX.com), a leading CFD trading broker with international presence and market expertise, who explains that he, along with other heavyweights in the industry, Oakhaven Capital, believe that…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank ‘Orient Finans’

This financing will support private sector and SME development in the wake of COVID-19 pandemic

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan. Commenting on the Line of Trade Finance Facility, Eng. Hani…

Source: African Development Bank Group (AfDB) |

U.K Africa Investment Summit: Renewable energy critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity, Panel says

The panel covered discussion of British innovation and experience in the context of partnering with Africa to advance its economic development

Renewable energy will be a critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity,  panelists in a 2021 UK Africa Investment Summit event said Wednesday, as they called for a stronger partnership between the United Kingdom and  Africa. The panel, themed UK & Africa: Partnering in Sustainable and Resilient…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

The Next 100 Days: Positioning Africa at the forefront of the Biden Administration

The new U.S. administration must double down on – not shy away from – engagements with African energy opportunities by facilitating U.S. private sector investment in natural gas and renewables and eschewing a return to aid-driven diplomacy

On Wednesday, U.S. President Joe Biden was sworn into office, ushering in a new administration, new foreign policy and a new approach to U.S. trade and investment in Africa. For its part, the Trump administration had not been short on growing U.S. private sector involvement in Africa, specifically under its…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs Murabaha Financing Facility with Eastern Bank Ltd to support SMEs in Bangladesh

ITFC partnership will enable one of Bangladesh’s key financial institutions to reach out and provide financial support to more SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a Murabaha Financing Facility in favour of Eastern Bank Limited in Bangladesh to support the Bank’s private sector business, particularly SMEs importing raw materials. Eastern Bank is the latest partner institution to…

Centurion Law Group
Source: Centurion Law Group |

The African Continental Free Trade Area (AfCFTA): Future of Sports and Entertainment in an Economically United Africa

It is still too early to gauge how the AfCFTA will affect the sports and entertainment industry, since the agreement is still in its early stages of implementation

January 1st, 2021 marked the start of trading under the African Continental Free Trade Area (AfCFTA) agreement. In ratifying the agreement, 34 African countries have created the largest free trade zone in the world by country participation. This is a historic point for the continent, it is the beginning of…

Source: African Union (AU) |

COVID -19, Institutional Reforms and AUC Elections at the centre of discussion of the 41st Ordinary Session of Permanent Representatives’ Committee (PRC) in prelude to the 34th AU Summit

The PRC Chairperson thanked the current leadership of the AUC for their fortitude, diligence and able stewardship in managing the Commission

The 41st Ordinary Session of the Permanent Representatives’ Committee (PRC) kicked off on 20 January 2021, in the context of the prevailing COVID-19 Pandemic, ahead of the 34th Assembly of Heads of State and Government of the African Union (AU) scheduled to take place on 6 and 7 February 2021…

African Development Bank Group (AfDB)
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Source: African Development Bank Group (AfDB) |

U.K. Africa Investment Conference: Africa is the world’s next business frontier, says AfDB's Akinwumi Adesina

Africa still possessed the same fundamentals that had driven the continent’s phenomenal growth over the past decade, Adesina said

African Development Bank (www.AfDB.org) President Akinwumi A. Adesina said on Wednesday that Africa remained fertile ground for investment, but much hinged on the continent’s ability to boost its healthcare sector. Adesina spoke during the Africa Investment Conference, a virtual one-day event organized by the UK Department for International Trade, which…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

Hajjar: New project to be designed for enhanced dates sector production chain competitiveness and hence increased exports and jobs

First ever international virtual exhibition for Madinah dates organised under Aid for Trade Initiative for Arab States (AfTIAS)

Under the patronage of HRH Prince Faisal bin Salman bin Abdul Aziz Al Saud, Governor of the Madinah Province, the Madinah Chamber of Commerce and Industry (MCCI), in cooperation with the Islamic Development Bank Group (IsDBG), the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) and the International Trade Centre (ITC), will…