In a rapidly changing world that requires rapid movement to keep pace with globalization and the great development in the capital and investment market, the development of marketing strategies and how to deal with different cultures and societies, the world of business has become more interconnected and communication in several languages to develop business and increase the volume of investment has become a necessity.


Definition of commercial translation:

Commercial translation includes business contracts and correspondence, capital markets and trading, local and international business agreements, financial reporting, tax disclosure, balance sheets, tenders and business proposals, etc.


Challenges of financial translation:

    1. Financial translation must be in line with the mostly-used terminology in banking activities and stock market in the target language country and the culture of the target society. This is done through an experienced translator who is familiar with the rapid changes in the financial markets.
    2. Must be carried out by a translator who is experienced in the implications of investment fund management, stock market analysis, business management rules, economics, accounting, finance, and related translations.
    3. This kind of translation requires not only a knowledge of the language pair, but also an economic background that enriches the translated text.
    4. Commercial translation must be very accurate as it contains numbers, financial statements and banking documents on which many economic decisions or court rulings may be based.
    5. Translation must reflect a true copy of the source document with charts, graphs, and financial statement formats.

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