Latest news with #trade financing
Zawya
17 hours ago
- Business
- Zawya
ITFC's trade financing for Egypt's supply sector hits $7.5bln
Arab Finance: The International Islamic Trade Finance Corporation (ITFC) approved over $7.5 billion in trade financing for Egypt's supply sector since the beginning of the cooperation, said Adeeb Al Aama, CEO of ITFC. In his meeting with Sherif Farouk, Egypt's Minister of Supply and Internal Trade, Al Aama lauded the significant cooperation between the ministry and the ITFC. On his part, Farouk highlighted the fruitful cooperation in financing the import of essential commodities and enhancing strategic stocks. He emphasized the need to boost cooperation and open new areas for joint work with the corporation. The ministry, represented by the General Authority for Supply Commodities (GASC), and the ITFC previously signed several deals to finance the purchase of essential commodities. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Yahoo
17-07-2025
- Business
- Yahoo
U.S.-based Wells Fargo banker blocked from exiting China, WSJ reports
(Reuters) -A U.S.-based Wells Fargo banker who works in trade financing has been blocked from leaving China after traveling there recently, the Wall Street Journal reported on Thursday. Chenyue Mao, a Shanghai-born and Atlanta-based managing director at Wells Fargo, was subjected to an exit ban after she entered China sometime in recent weeks, the report said, citing people familiar with the matter. The U.S. banking giant has suspended all travel to China following Mao's exit ban, according to the report. Wells Fargo did not immediately respond to a Reuters request for comment on the matter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
17-07-2025
- Business
- Reuters
U.S.-based Wells Fargo banker blocked from exiting China, WSJ reports
July 17 (Reuters) - A U.S.-based Wells Fargo (WFC.N), opens new tab banker who works in trade financing has been blocked from leaving China after traveling there recently, the Wall Street Journal reported on Thursday. Chenyue Mao, a Shanghai-born and Atlanta-based managing director at Wells Fargo, was subjected to an exit ban after she entered China sometime in recent weeks, the report said, citing people familiar with the matter. The U.S. banking giant has suspended all travel to China following Mao's exit ban, according to the report. Wells Fargo did not immediately respond to a Reuters request for comment on the matter.
Wall Street Journal
17-07-2025
- Business
- Wall Street Journal
U.S.-Based Wells Fargo Banker Blocked From Leaving China
A U.S.-based Wells Fargo banker who works in trade financing has been blocked from leaving China after traveling there recently, people familiar with the matter said. Chenyue Mao, a Shanghai-born and Atlanta-based managing director at Wells Fargo, was subjected to an exit ban after she entered China sometime in recent weeks, according to the people. An automated reply from her corporate email account said she was traveling internationally on business.
