Dealogic reports that although 2011 was all doom and gloom over the eurozone, the amount of trade finance transactions for the year totalled 1085, valued at USD 168.6bn. This does not make it a bumper year like the previous 2010, but just a tiny drop lower.

Increase in trade between Malta and Saudi Arabia has been the inspiration for both countries to sign a double taxation agreement. During a meeting in Riyadh, in January, between the Minister of Foreign Affairs of Malta Dr Tonio Borg and Prince Saud of Saudi, the convention on the avoidance of double taxation was signed. Saudi Arabia is the most powerful and the largest member of the Gulf Cooperation...