Letter from the editorial director

MENA equity markets to face challenges

SWIFT extends Sanctions Screening

Oil and gas backing for Egypt

Experts set to debate future of trade finance

New grip on travel expenses

Mehanna becomes MD

Keeping corporate customers happy

Murabaha marches on…

How MENA can ‘profit’ from Eurozone change

How bankers can help build a burgeoning sector in the GCC

Islamic trade finance continues to flourish

How to stay on top of all challenges…

The tasks that lie beyond pure treasury

Letter from the editorial director

04 March 2015

Dear Reader, If there is an overarching theme to this issue, it is how treasury teams are staying on top of any challenges that they come up against despite finding their tasks multiplying. As is made clear in our lead article, it is vital that treasury teams are prepared for every eventuality in what is […]

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Posted in Issue 32 March / April 20150 Comments

MENA equity markets to face challenges

04 March 2015

Equity markets in MENA are to have a challenging 2015, according to a National Bank of Abu Dhabi (NBAD) report entitled Global Investment Outlook – 2015, written by Gary Dugan, global wealth chief investment officer and head of investment strategy, assisted by a team of other experts at the bank. It says that “lower-than-expected oil […]

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Posted in Issue 32 March / April 2015, News Round0 Comments

SWIFT extends Sanctions Screening

04 March 2015

SWIFT has announced the extension of its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network. Users can now screen all transaction formats, including SEPA (Single European Payments Area) and Fedwire payments, and transactions sent over networks other than SWIFT. The extended service also enables greater flexibility […]

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Posted in Issue 32 March / April 2015, News Round0 Comments

Oil and gas backing for Egypt

04 March 2015

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank Group, recently announced that it has provided $80m reinsurance support to the Overseas Private Investment Corporation (OPIC) for the latter’s political risk insurance policy to Apache Corporation. The policy was issued to Apache to cover […]

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Posted in Issue 32 March / April 2015, News Round0 Comments

Experts set to debate future of trade finance

04 March 2015

The 2015 Annual ICC Banking Commission Meeting – taking place at Singapore’s Raffles Convention Centre on 20-23 April – will host trade experts, banking professionals, business leaders, lawyers and government officials from around the world under one roof to discuss the future of trade finance. Hosted in collaboration with The Association of Banks in Singapore […]

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Posted in Issue 32 March / April 2015, News Round0 Comments

New grip on travel expenses

04 March 2015

Bank of America Merrill Lynch (BofAML), a leader in card services for middle-market, large corporate and public sector clients, has launched BofAML Travel Pro, an award-winning, market-leading business travel payment solution that enhances travel expense management. The firm is the first commercial card issuer in EMEA to launch this product to clients. It is currently […]

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Posted in Issue 32 March / April 2015, News Round0 Comments

Mehanna becomes MD

04 March 2015

The National Bank of Abu Dhabi (NBAD) has appointed Omar Mehanna as managing director and global head of merchant banking. In his position, he will be responsible for the corporate finance, equity capital markets, project finance and debt advisory platforms. He will also lead the continued development and implementation of strategy relating to merchant banking, […]

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Posted in Issue 32 March / April 2015, News Round0 Comments

Keeping corporate customers happy

04 March 2015

Managing both cash management and trade finance as a seamlessly integrated transaction banking proposition is one of the secrets of ADIB’s success, Maki Vekinis, the bank’s head of global transaction services, tells Cash&Trade in an exclusive interview Would you elaborate on ADIB’s overall GTS strategy and explain the importance of ADIB’s cash and trade business, […]

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Posted in Cash, Interview, Issue 32 March / April 2015, Trade0 Comments

Murabaha marches on…

04 March 2015

The dominance of transactions involving Tawarruq and Murabaha syndication and its variants in cash management and trade finance will continue unabated in 2015 in the absence of other products. Commodity Murabaha trading is done through exchanges such as the London Metals Exchange (LME), Bursa Suq Al Sila with its palm oil contracts based platform and […]

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Posted in Issue 32 March / April 2015, Trade0 Comments

How MENA can ‘profit’ from Eurozone change

04 March 2015

JENS MIKOLAJCZAK – co-head of corporate cash management, EMEA, Deutsche Bank – discusses why SEPA matters for non-European corporates, and why 2015 is the year to consider its wider benefits On August 1 2014, the deadline for implementing obligatory Single Euro Payments Area changes passed for the 32 countries in the SEPA-zone. The culmination of […]

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Posted in Cash, Issue 32 March / April 2015, Trade0 Comments

How bankers can help build a burgeoning sector in the GCC

04 March 2015

CAROLINE MAGINN wonders whether there are other relationships in the Gulf Co-operation Council states that merchant financiers should be cementing There is, arguably, much global debate, mind-set and misnomer centred on the premise that natural resource abundance, particularly minerals, can have adverse consequences for social well-being, political stability, the environment and sustainable economic growth and […]

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Posted in Issue 32 March / April 2015, Tajara Monitor, Trade0 Comments

Islamic trade finance continues to flourish

04 March 2015

MUSHTAK PARKER looks at new trends in Islamic Commodity Murabaha and trade receivables supply chains Islamic trade finance has flourished over the last four decades with the Murabaha (cost-plus financing) dominating the direction of financing of Islamic banks and financial institutions to the tune of up to 80 per cent. So much so has this […]

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Posted in Islamic Finance, Issue 32 March / April 2015, Trade0 Comments

How to stay on top of all challenges…

04 March 2015

In an unpredictable economic climate it is vital that treasury teams are prepared for every eventuality. PAUL MELLY reveals how that is certainly the case with Saudi Telecom Even seven years after the 2007/8 financial crisis, the effects can still be felt, says Saudi Telecom’s Noman Ansari. The markets are unsettled and it seems that […]

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Posted in Cash, Issue 32 March / April 20150 Comments

The tasks that lie beyond pure treasury

04 March 2015

Although treasury teams view themselves as broadening their strategic contribution, their core focus still remains on tasks such as cash management, cash forecasting and compliance. That was one of the principal findings in a survey that looked at the roles carried out by these key professionals Treasury teams are playing a broader role, and are […]

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Posted in Cash, Issue 32 March / April 20150 Comments

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