DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
2 min read
In the initial weeks since the war against Iran began 28 February, trade finance operations in banks in Dubai have thus far largely been conducted as business as usual but with bank personnel working off-site as they did during the covid pandemic.
Speaking with DCW about considerations influencing the letter of credit business, one trade specialist working in the region commented on what he has observed in recent weeks and what could be coming in the weeks ahead.
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