Risks associated with local Standby LC

Recent changes and stringent compliance procedures in cross-border trade has made LC transaction a risky product, so many banks now discourage this transaction. Moreover, the priority of all banks for super centralisation of their operation, massive on-line operation and outsourcing of their operational responsibilities has been increasingly widening the gap...

NGOs blast US for undermining International Criminal Court

As it paves a destructive path against international institutions and multilateralism, the Trump administration is slowly but steadily undermining the United Nations and its affiliated agencies.The US has already withdrawn both from the Human Rights Council in Geneva and the UN Educational, Scientific and Cultural Organisation (UNESCO) in Paris while,...