Traydstream targets corporate clients with addition of Adam Kasraoui; Aramco scales back $20bn Yanbu chemicals plant to cost cuts; EIB Group, Santander provide over €900m to support Spanish SMEs

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The European Investment Bank is joining forces with Santander to provide financing on favourable terms to the Spanish small and medium-sized enterprises and mid-caps affected by the economic impact of COVID-19.

• Saudi Aramco will scale back a planned $20 billion crude-to-chemicals plant as it seeks to cut spending and preserve the world’s biggest dividend amid a slump in oil and petrochemical prices

• Traydstream has appointed Adam Kasraoui as a Global Sales & Origination Lead, expanding its sales coverage of Middle Eastern banking clients, as well as a new focus on corporate clients

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