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Since November, attacks on container vessels in the Red Sea have seriously disturbed one of the most used trade routes globally. The Iran-backed Houthis have launched more than 40 attacks on commercial ships in the Red Sea and in the Gulf of Aden, one of them being fatal. Despite the military intervention of the United States and its allies since mid-January, the Bab El Mandeb Strait has not been secured yet. Johan Gabriels, Regional Director for South-East Europe at iBanFirst explains the impact of the Red Sea crisis on international trade and Central and Eastern European businesses involved in import-export activities with Asia. ....
iBanFirst reports a remarkable 97% increase in FX risk hedging deals for Romanian companies in 2023 amid global economic uncertainties, emphasizing the pivo. ....
Banking - iBanFirst, a leading global provider of foreign exchange and international payments for businesses, present in 10 European countries, reports a 97% ....