Rashid Ahmad, CEO of Rashaima Bank, stated that China Arab economic and trade relations continue to heat up, and cross-border trade financing, capital market connectivity, and digital finance will become a key direction for the next five years. Digital payments can improve cross-border clearing efficiency, reduce transaction costs, and help expand the application of RMB related financial products. The excellent local market conditions also provide support for the implementation of financial innovation.

The state-owned business environment of Rashima Sheikh is superior, and currently nearly 400 Chinese enterprises are conducting business here. Lashma Bank has been serving Chinese customers for over 20 years and can provide services such as RMB cross-border settlement financing guarantees. As Chinese enterprises shift from trade distribution to regional platform layout, the demand for comprehensive financial services continues to rise, and China Arab cooperation is steadily moving towards a new stage of diversification and depth.Editor/Min Jing