International Islamic Trade Finance Corporation (ITFC)’s Post

"The AATB Program aims to enhance economic integration, trade, and investment between #Arab and #African regions. This event marks a significant milestone in achieving these goals. By fostering closer ties, we can unlock immense economic potential and drive #sustainable growth. The partnerships we form today will pave the way for increased trade, investment, and mutual prosperity." - Opening remarks by Eng. Hani Salem Sonbol, ITFC CEO, Acting CEO, Islamic Corporation for the Development of the Private Sector (ICD), and Secretary General of the AATB Program, at the Tunisia Africa Business Meetings. #AATBMeeting #Afreximbank #TunisiaAfricaBusinessMeetings #TradeDevelopment #EconomicCollaboration

Have you ever wondered what the value of accreditation is in trade across Africa under the African Continental Free Trade Area (AfCFTA) Secretariat? For trade to happen within the 55 countries, trust is crucial. Accreditation provides the confidence that necessary conformity checks have been done to ensure goods and services meet set standards. This confidence guarantees that the goods and services are safe for humans and the environment. Pan African Quality Infrastructure (PAQI), Chairperson who is also the DG of the Nigeria National Accreditation System Mr. Celestine Okanya, gives more insights on the vital role of accreditation. #accreditation #AfCFTA #qualityassurance Kenya Accreditation Service (KENAS) South African National Accreditation System (SANAS)

Egypt is targeting garnering up to EGP 100 billion in customs revenues for the upcoming fiscal year (FY) 2024/2025, which is higher than the current FY’s target of EGP 70 billion. Read more > https://lnkd.in/d3S3C3yr #ArabFinance #Egypt #Economy #News

In this short clip, I am discussing that how manpower export could be the solution #Pakistan is searching for. Watch the video to gain insights into the vital role #POEPA in collaboration with Special Investment Facilitation Council can play in resolving the economic crisis of country. #SIFC #Manpower #recruitment

Saudi Arabia and Australia Sign Deal to Boost Trade Ties. RIYADH: Trade ties between Saudi Arabia and Australia are set to strengthen after the two countries signed an agreement to improve cooperation across multiple sectors. 🔹 Key Sectors: Industry, Mining, Food, Agriculture, Technology, and Artificial Intelligence. 🔹 Signatories: The memorandum of understanding was inked between the Australia Saudi Business Council & Forum and the Export Council of Australia. 🔹 Opportunities: This deal will increase opportunities for Australian exporters to collaborate with Saudi entities, enhancing bilateral cooperation. 🔹 Leaders: The agreement was signed by Sam Jamsheedi, President of the Australia Saudi Business Council & Forum, and Arnold Jorge, CEO of the Export Council of Australia. 🔹 Strategic Partnership: “We will work closely in identifying initiatives that facilitate connections between Australia and Saudi Arabia,” said Jamsheedi. 🔹 Trade Figures: According to the UN Comtrade database, Australia’s exports to Saudi Arabia stood at $789.65 million in 2023, while Saudi Arabia’s exports to Australia amounted to $702.75 million. 🔹 Historical Context: The Australia Saudi Business Council was formed in 2013 to promote bilateral trade. Recent collaborations include a $27 million deal between Abdel Hadi Al-Qahtani and Sons Co. and Australia’s SSS Group for scaffolding systems production in Saudi Arabia. 🔹 Educational Ventures: In March, Australia’s University of Wollongong procured licenses to open branches in the Kingdom. 🔹 Ambassador’s View: Australian Ambassador Mark Donovan highlighted that the cooperation agreement builds on existing investment ties in education, healthcare, aviation, and services. #SaudiAustraliaTrade #GlobalPartnerships #BilateralTrade #EconomicGrowth #IndustryCollaboration #MiningIndustry #FoodIndustry #AgricultureTech #ArtificialIntelligence #ExportOpportunities #BusinessCouncil #InvestmentOpportunities #RealEstateAdvisory #FinancialAdvisory #OfficeFinder #RiyadhInvestments #CommercialRealEstate #TradeAgreements #BusinessExpansion #SaudiVision2030

Babak Emamian interview Asharq (Bloomberg) 3 March 2024 High Inflation an obstacle to lower interest rates and tax cuts for British Chancellor Jeremy Hunt in the March Budget 1) Trade is the supply chain. 2) Source of Inflation is the disruptions in British supply chain such as access to cheap energy, skilled labour and easy entry to EU, US, China, India markets etc 3) USA has solved its supply chain problems. 4) Europe is still struggling with supply chain problems forcing its manufacturing industries to move to US and China. Too much Politics hampering trade Should a Country be run as a company versus democracy? 1) Generally, a nation's prosperity is in its level of international trade than domestic. 2) Simply there is too much politics in the Western countries in the forms of devolution, local Governments, continuous election cycles etc 3) Countries run as companies such as China and Singapore are doing much better economically than democracies. 4) Democracy is only about peaceful transition of power and not prosperity. 5) Democracy only works as small Government with low taxes otherwise backward and corrupt. 6) US Democracy based on small Government with less than 10% of economy in the hands of State and low taxes. 7) For prosperity and economic growth, the Chambers of commerce are most important than local Governments. 8)British Labour Party solution to every problem is adding another layer of Government thus weakening the Central Government. Ukraine and Gaza Wars 1) If every local territorial dispute is turned into an international issue, then World War would follow soon. 2) When the Commerciality of War is more than Commerciality of Peace, then there will not be a peace settlement. Military spending 1) When hyping up a threat for achieving higher military spending, then the other side will do the same. 2) Eventually the military spending spirals into an escalatory process by both sides until the two big war machines go to war. 3) Once the Generals and war economy take over, it is difficult to go back to consumer economy. https://lnkd.in/eYTs8hHy #JCPOA #nuclearweapons #biba #trump #Biden #iran #eu #usa #China #uk #oil #saudiarabia #uae #Israel #war #sanctions #Afghanistan #Russia #ukraine #mahsaamini

A great pleasure to discuss #Fed policy outlook, #USA #economy and implications for #China and #Asia on Asharq Business اقتصاد الشرق today https://lnkd.in/dsvr46yC

The Executive Board of ECA Approved the 2016 E.C. fiscal year plan and the 2015 E.C. fiscal year performance report (August 25, 2023, Adama) Ethiopian Cities Association's (ECA) 2015 E.C. fiscal year performance report and 2016 E.C. fiscal year plan were presented to its Executive Board and discussed and approved today at Adama city. During the discussion, the 2016 budget of ECA is approved to be 40,506,251.59 Birr (Forty Million Five Hundred Six Thousand Two Hundred Fifty One Birr and fifty Nine cents). In this discussion, Honorable Ato Alemayehu Assefa, Bishoftu city mayor, chaired the meeting and the Executive Board mentioned that ECA's work performance in 2015 E.C. was mostly successful and accordingly directed that ECA should play its part in the next fiscal year to continue the sucessful works, that has been accomplished last year on the urban development sector, more than ever. In particular, it was discussed that one of ECA's best performance, that is taking member city mayors within the country and various foreign countries to visit and broaden their knowledge and experience in the field of urban development should be continued enormously. #VNG #europeanunioninethiopia #citiesalliance #UCLG #thehagueacademy #OKP #Nuffic #FSS #PACC #initiativeafrica

Click on the video below to watch a two minute summary of AfCFTA implementation workshop held in Uganda over the past two days (25-26 March 2024) organised jointly by ODI, the African Continental Free Trade Area (AfCFTA) Secretariat and Uganda's Ministry of Trade, Industry and Cooperatives, with support from UK's Foreign, Commonwealth and Development Office). We made a lot of progress and there is also further action to be undertaken in 2 areas: - Taking the next few steeps in the formation and operation of Uganda's AfCFTA national implementation committee - Advancing on utilising the AfCFTA agreement through the Guided Trade Initiative