Ngulminthang Lhanghal - Financial Expert

As per the latest news, a Memorandum of Understanding (MoU) has been marked between Jersey Finance and Dubai International Finance Centre (DIFC) Authority, focused on constructing the ways for more coordinated efforts over the upcoming years. The MoU took place shortly after the signing of a new Bilateral Investment Treaty by the Government of Jersey with the UAE to assist investment transactions between the jurisdictions and to assure investors. The marking was witnessed by Joe Moynihan, CEO of Jersey Finance; An Kelles, director - GCC and Faizal Bhana, director - Middle East, Africa, and India. Arif Amiri, CEO of DIFC Authority stated, “Our relationship with Jersey proceeds to develop and the present association is a demonstration of our joint obligation to driving the future of finance and advancement. The association sets up an inclusive framework to provide new approaches for attempting to situate DIFC and Jersey as worldwide business and advancement hubs.” As per Joe Moynihan, CE...

As per the latest news, MiniHub Technologies Inc. has declared the introduction of its Trade Finance Network application, accessible to all platform users. The Trade Finance application is the first in a series of network applications that are being launched by MineHub soon. The MineHub Trade Finance Network is a network application, bringing perceivability, security, and productivity to funders of commodity transactions whilst digitizing organization and communication between lenders and finance providers. Coordinated with the core MineHub platform, this assistance is an extra contribution that further builds the worth of the MineHub platform to its clients. As per Arnoud Star Busmann, CEO at MineHub and formerly of ING Bank, the world’s biggest commodity bank, “Having had numerous years of experience with the intricacy and key risk drivers of commodity trade finance made this application the most noteworthy arrangement on our roadmap. The offer is exceptionally clear. Blockchain inno...

The recent news says, African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) together endorsed a US$250 million facility with an agenda to facilitate funding for the bank to propel an advanced acquisition of Covid-19 vaccines and lead a trade-led economy. The aforesaid agreement took place between Prof. Benedict Oramah, President of Afreximbank, and Eng. Hani Salem Sonbol, CEO ITFC during the authority visit of Prof. Oramah and the Afreximbank representatives to the ITFC Headquarters in Jeddah. This facility by ITFC will help Afreximbank’s COVID-19 response program geared up for nations in which these organizations operate their activities, securing crucial goods for the improved health of the local populaces, and empowering a swifter return to the economic activity. Plus, the innovative step will also help improve the bank’s capacity to facilitate trade finance instruments while they are of the absolute need for the continent’s export i...