MENA Trade & Supply Chain: Keeping the faith

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09 September 2011

With some of the unrest and dust now settling in certain parts of the Middle East and North Africa (MENA) region, Jonathan Bell talks to key financiers about the picture for trade finance provision.

Faraz Haider, head of trade for the Middle East and Pakistan, Citi Global Transaction Services, based in Dubai.

Farrukh Siddiqui, regional head of trade sales for JP Morgan Middle East and North Africa, based in Dubai.

Tim Evans, regional head of trade and supply chain finance at HSBC, based in Dubai.

Farooq Siddiqi, regional head of transaction banking, region, Standard Chartered (StanChart), MENA based in Dubai.

Trade Finance Magazine (TFM): How is the provision of trade financing working now overall, following the so-called ‘Arab Spring’ uprisings in certain markets (Egypt, Tunisia, Bahrain, Yemen)?

Faraz Haider: The environment in some of the economies has made the plain vanilla trade offering quite difficult in the last six to eight months. Some of the countries have started to move towards a relative degree of normalcy, but still are yet to recover fully to normal functioning. In addition to the initial disruption...

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