28/09/2017 08:37 AST

The directors of the Arab Trade Financing Programme (ATFP) have reviewed the funding activity during the second quarter of 2017 and approved 118 requests for the funding of trade deals valued at $387 million, a report said.

ATFP held its 111th meeting at its headquarters in Abu Dhabi yesterday (September 27), presided over by Dr Abdulrahman bin Abdullah Al Humaidi, chief executive and chairman of the Board, reported Wam, the Emirates official news agency.

The total size of funding that it agreed to provide to its national agencies in all the Arab countries reached $521 million in the first half of this year.

The board took note of all the new developments during this period related to the co-operation and co-ordination with regional and international financial institutions to participate in the expansion of the funding tools provided in the Arab trade service.

The board demonstrated the activity of other trading services provided by the programme for exporters and importers in Arab countries. It also took note of the latest developments of the work in the Intra-Arab Trade Information Network (IATIN) and the efforts being made currently to update the database available on ATFP’s website atfp.org.ae.

Within the framework of promoting Arab trade, the board reviewed the efforts to develop the promotional activity and viewed a report about the performance of investment portfolios for ATFP’s funds for the second quarter of 2017, as well as the financial data of the six-month period, which ended on June 30, 2017. It also discussed other topics and took the appropriate decisions.


Trade Arabia

Ticker Price Volume
QNBK 196.99 124,786
APPC 53.30 133,976
SABIC 119.80 1,240,718
SAICO 11.92 520,367
STC 84.50 76,808
JARIR 154.40 89,382
ALINMA 22.04 8,511,404
Saudi tech startup sector rapidly evolving to help in economic expansion

10/12/2018

Saudi Arabia’s tech startup ecosystem may be nascent, but is rapidly evolving to support economic growth, a new report by Wamda, in collaboration with OC&C Strategy Consultants, shared at the Riyadh

Saudi Gazette

Leading Emirates health care, education investor eyes Saudi Arabia

10/12/2018

Since launching Foundation Holdings in 2016, Abhishek Sharma has scoured the GCC and India for investment opportunities. Now, the prominent UAE health care and education investor is closing in on ta

Arab News

Qatar Chamber, Indonesian delegation discuss promoting cooperation

10/12/2018

The Qatar Chamber (QC) has discussed prospects of promoting cooperation in different investment fields, with a visiting Indonesian trade delegation headed by Head of Investment Division at the Indone

The Peninsula

Boosting trade & investment key to GCC growth: IMF

10/12/2018

Trade and investments are key to the diversification and growth in the GCC. Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a larg

The Peninsula

Economic recovery expected to improve profitability of GCC banks in 2019

10/12/2018

The GCC banking sector is set for improved profitability, better asset quality and stable balance sheet strength in 2019, thanks to a better operating environment supported by higher government spend

Gulf News