(The Guardian, London, 20 December 2017) As the spectre of Brexit emerges, so do the first meaningful signs of the Tory vision of “building a global Britain”. The Department for International Trade, set up by Theresa May to put some flesh on the bones of her slogan, has prioritised arms sales...
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(Bloomberg, London, 29 November 2017) U.K. Prime Minister Theresa May said London is “extremely well-placed’’ to win a planned stock exchange listing by Saudi Arabia Oil Co., as she competes against U.S. President Donald Trump for the coveted initial share sale by the world’s largest crude...
more(Guardian, London, 5 November 2017) A UK Serious Fraud Office probe into allegedly misleading statements made by Airbus to UK Export Finance, the government department that provides commercial support for major deals has ballooned with further allegations of corruption. The investigation...
more(ECA Watch, Ottawa, 30 October 2017) French ECA BPI has announced a €350 million guarantee contract with TechnipFMC for the development of the controversial $27 billion Yamal LNG project in Russia's far north. German Japanese,...
more(Quwa Defence News, Qatar, 10 October 2017) As part of its letter-of-intent to acquire 24 Eurofighter Typhoon fighter aircraft, Qatar also requested six Hawk trainers from BAE. In regards to the prospective Qatari order, BAE Systems added that it is in negotiations with Doha, which – if...
more(ARKA, Yerevan, 12 October 2017) At its regular Thursday meeting, the Armenian government okayed a proposal to sign a $100-million loan agreement with Russia to purchase defense armaments. In accordance with the agreement, Russia will provide an export credit loan to Armenia for financing...
more(Global Trade Review, London, 11 October 2017) Italian engineering, procurement and construction (EPC) contractor Sicilsaldo has secured an €80mn contract for a gas pipeline project in Mexico, with the backing of Italian export credit agency Sace. “Sace has backed 80% of the €80mn”, a...
more(Reinsurance News, Brighton, 5 October 2017) The agreement supports a framework for reinsurance underwriting between NEXI and UKEF, and enables cooperation between the pair in relation to the export of Japanese products via a reinsurance transaction that also involves UK exporters. "When a...
more(Specialist Banking, London, 29 October 2017) UK Export Finance (UKEF) – the UK’s export credit agency – has launched a new partnership with five major high street banks, Barclays, HSBC, Lloyds, RBS/NatWest & Santander, enabling smaller businesses to access millions of pounds in government...
more(Devex, Washington, 27 October 2017) This summer, the British Conservative Party, through their manifesto and the pages of the Daily Mail, issued the OECD DAC — a multilateral group of donors that sets the definition of aid — an ultimatum: allow us to widen the definition [of aid] to include...
more(Mining Technology, London, 3 October 2017) GoviEx Uranium has received expressions of interest from export credit agencies and project finance banks to arrange $220m of senior debt financing for the construction of the Madaouela uranium project in Niger. Conditions for the debt financing...
more(Evening Standard, London, 15 September 2017) The Serious Fraud Office and French prosecutors are in close discussion over the terms of a £1 billion-plus settlement for Airbus over corruption allegations. The deal, called a Deferred Prosecution Agreement (DPA), would be the largest ever in...
more(Sputnik, Berlin, 3 September 2017) German Chancellor Angela Merkel said Sunday that Berlin cannot stop the talks on Turkey's accession, but it would impose economic punitive measures in response to arrests of German citizens... She added that Berlin could put pressure on Ankara in terms of its...
more(Financial Tribune, Tehran, 23 September 2017) In what were the first finance deals clinched with cautious European banks after the implementation of the nuclear accord provided sanctions relief in January 2016, Iran signed two agreements worth a total of €1.5 billion ($1.8 billion) with...
more(Financial Tribune, Tehran, 14 August 2017) Trade with Italy is being restored slower than expected following the removal of international sanctions against Iran over its nuclear program, reads an opinion piece written by Iranian co-chair of Iran-Italy Chamber of Commerce in the news portal of...
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