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In our latest Trade Corridor Report, we shine a spotlight on the sectors and projects driving the next era of trade between Saudi Arabia and six major economies. Discover what opportunities this might create for your business, download the report today. https://grp.hsbc/6049Sdjtf #HSBC #InternationalBanking

In our latest Trade Corridor Report, we shine a spotlight on the sectors and projects driving the next era of trade between Saudi Arabia and six major economies. Discover what opportunities this might create for your business, download the report today. https://grp.hsbc/6049SdjtR #HSBC #InternationalBanking

In our latest Trade Corridor Report, we shine a spotlight on the sectors and projects driving the next era of trade between Saudi Arabia and six major economies. Discover what opportunities this might create for your business, download the report today. https://grp.hsbc/6049Q22MV #HSBC #InternationalBanking

UAE Foreign Trade Report showed that the public & private sectors invested more than $10 billion in 🇵🇰 during the past 20 years. On the other hand, investment by Pakistanis in 🇦🇪 are over $11 billion, ($20 billion according to SZ) 🇦🇪: High income 🇵🇰: Lower Middle Income

Discover how innovative trade finance is reshaping Saudi Arabia's economy by enabling private capital to fill gaps left by traditional institutions. This transformation presents a unique opportunity for growth and investment. Learn more here: https://okt.to/fGkJ1I

The recent partnership between Absa Group, Standard Bank Group of South Africa Limited, and Saudi EXIM Bank marks a significant step toward strengthening trade and export relations between Saudi Arabia and South Africa. The agreement, signed during the Saudi-South African Business Forum in Johannesburg, is set to deepen economic ties and open new avenues for collaboration. This partnership aligns with the ongoing visit by Saudi Arabia's Commerce Minister, Dr. Majid Al-Kassabi, which seeks to explore and expand bilateral trade opportunities between the two nations. Saudi EXIM Bank's commitment to enhancing trade relations is demonstrated by a $25 million credit line extended to Standard Bank. This funding aims to support Saudi non-oil exports, not just to South Africa but also to other African markets. With Standard Bank's presence across over 20 countries in the continent, Saudi exporters will have access to new opportunities to expand their market reach and boost their trade footprint in Africa. Meanwhile, Absa Bank will play a crucial role by offering financial and insurance solutions tailored to facilitate Saudi trade activities across its operations in more than 10 African countries. By leveraging its extensive network and financial expertise, Absa will help improve the competitiveness of Saudi exports, ensuring they meet the demands of both local and international markets. This strategic collaboration aims to unlock growth potential for Saudi businesses and promote diversified trade relations within the African region. Together, these initiatives represent a significant advancement in Saudi-African economic relations, positioning both regions for enhanced trade growth. The partnership not only reflects a commitment to supporting non-oil exports but also underscores the importance of developing sustainable trade strategies for long-term economic development. #SaudiEXIM #AbsaGroup #StandardBank #TradeRelations #SaudiAfricaPartnership #EconomicGrowth #ExportSupport #AfricanMarkets #BusinessForum #NonOilExports #FinancialSolutions https://zurl.co/lMuM

Catch up on the latest Trade Finance Talks magazine, 'Embracing the future of trade finance in Africa and the Middle East'. Featured in the magazine is MonetaGo CEO Neil Shonhard speaking with Sean Bowey, Head of Product, Global Trade and Receivables Finance, SAB, where they explore Saudi Arabia’s ambitious ‘Vision 2030’, and what this means for the new world of #MLETR compliant trade. The Africa and Middle East region encompasses approximately 2 billion people - 25% of the global population - with significant natural, cultural, political and economic differences. Both are well known for their natural resources- Africa for minerals, metals and agriculture, and the Middle East for oil and gas. There is a substantial digital transformation underway in Saudi Arabia across banking, supply chain financing and risk mitigation. Read more in the magazine by Trade Finance Global (TFG), and the article 'Q&A: Reducing risks and boosting growth in Saudi Arabia and the GCC' on page 48. #africa #middleeast #saudi2030 #tradefinance #receivablesfinance #fraudprevention

Exciting News! Global Trade Review (GTR) Egypt 2024 returns on October 2nd! Following last year’s success with 450+ participants, this event is set to be the premier gathering for professionals in Egyptian trade and exports. Join industry leaders as they discuss: 🔹 Reforming Egypt’s export credit system to global standards 🔹 Strategies for SMEs to manage working capital and FX risks 🔹 Supply chain finance for corporate treasurers 🔹 Automating customs processes for efficiency 🔹 Digital innovation in trade Don’t miss this opportunity for fresh insights and valuable connections! Proud to be part of the Hassan Allam Holding commercial team, where Christine Naim will be one of the panelists discussing the latest ECA updates! #GTREgypt2024 #EgyptianTrade #ExportCredit #SupplyChainFinance #DigitalTrade

Egypt expects its gross domestic product (GDP) to grow by 4.2% during the current fiscal year (FY2024/2025), according to Minister of Investment and Foreign Trade Hassan El Khatib during a meeting with the cabinet’s economic group Egypt’s latest expectations are in line with several forecasts from international institutions Reuters recently forecasted a growth rate of 4% for FY2024/2025, while the International Monetary Fund’s July projections were revised to 4.1% following the World Bank’s update which reaffirmed its expectations of a 4.2% growth rate in the current fiscal year Read more on our website

The uncertainty of the present climate has placed increasing pressure on working capital strategies, whether that's receivables (late payments, high DSO), rising interest rates or challenges on the inventory side. At #GTRKSA, Ahmed Elhady CTP, FMVA (Al Jabr Holding | الجبر القابضة), Motasim Hasan Iqbal (Standard Chartered Bank), Elat Niyas (Al Masaood), Syed Hassan Javed (Gulf International Bank), Ahmad D. ALShubbar (Rawabi Holding Group) and Claire Saide كلير سيدي (Business TV Presenter & MC), will consider how current market conditions are shaping working capital strategies for corporates and financiers alike. Connect with all corners of the market, from local and international banks to multinational corporations and SMEs, fintechs and alternative financiers, commodity brokers and traders, insurers and risk managers, lawyers, consultants, ECAs, multilaterals and more! Visit gtreview.com/gtrksa or contact bookings@gtreview.com for more information.