Letter from the editorial director

Abu Dhabi’s top spot in ‘corridor of the future’

Book Review: Revolutionary ideas about mobile banking

Islamic banking’s ‘Eldorado’

Step up for UAE bank

New treasury services chief

Banking bout breaks out in the Gulf

Funding solutions: call for banks to buck up

Technology: Omani banks get set for the future

KSA confirms its position as a ‘growth economy’

Cyber crime: MENA is now a prime target

New funding on the way for SMEs in Africa

Zeroing in on the Euro Zone

ISSUE 28 JULY / AUGUST 2014

Letter from the editorial director

06 July 2014

Dear Reader, If competition is healthy, as most generally agree, then the UAE is at a peak of fitness! Currently, the Emirates are being seen as a “battleground” where international and domestic banks are displaying their respective wares in a bid to win new trading customers, all to the benefit of local corporates. As we […]

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Posted in Issue 28 July / August 20140 Comments

Abu Dhabi’s top spot in ‘corridor of the future’

06 July 2014

Abu Dhabi’s strategic advantages as a conduit and enabler of trade and commerce across a rising “super region” stretching from West Africa to East Asia were presented by the National Bank of Abu Dhabi’s (NBAD) group chief executive officer Alex Thursby at the recent fifth Abu Dhabi Investment Forum (ADIF) held in London. The event […]

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Posted in Issue 28 July / August 2014, News Round0 Comments

Good news for growth in trade receivables

06 July 2014

The stable performance of trade receivables securitisation (“TRS”) through the volatility of recent years has made it an increasingly important alternative funding source for corporates as well as a favoured corporate financing technique for banks, according to the latest research from working capital specialist Demica. Conducted amongst Europe’s biggest 30 banks*, along with a small […]

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Posted in Issue 27 May / June 2014, News Round0 Comments

Book Review: Revolutionary ideas about mobile banking

06 July 2014

A new book has posed what is considered a very significant question: is mobile banking a new channel, a new business model or a revolutionary platform for social change? Mobile banking will be big, but how big? Is it a new channel for existing banks, or a new business model for entrepreneurs and non-banks? Former […]

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Posted in Issue 28 July / August 2014, News Round0 Comments

Islamic banking’s ‘Eldorado’

06 July 2014

Asia is likely to be the main driver of Islamic banking growth in the near future given the untapped potential in Indonesia, Bangladesh and India, as well as the increasing uptake in Malaysia and Pakistan. This is the view of KFH-Research, a subsidiary of the Kuwait Finance House Group, which has issued a report saying […]

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Posted in Issue 28 July / August 2014, News Round0 Comments

Step up for UAE bank

06 July 2014

Al Hilal Bank, said to be one of the fastest-growing banks in the UAE, has announced that it has successfully implemented the award-winning Finacle Corporate e-Banking solution from its technology partner Infosys. This enables Al Hilal to provide a full range of internet banking services to its corporate customers in “an intelligent and seamless manner, […]

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Posted in Issue 28 July / August 2014, News Round0 Comments

New treasury services chief

06 July 2014

Anthony Brady has been appointed managing director and global head of the Business Strategy & Market Solutions (BS&MS) Group for BNY Mellon’s treasury services business. He has served in leadership positions in a number of important areas during his 31-year career with the company, including new business development and treasury services operations. “Tony’s appointment reflects […]

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Posted in Issue 28 July / August 2014, News Round0 Comments

Banking bout breaks out in the Gulf

06 July 2014

The UAE is becoming a ‘battleground’ where international and domestic banks are touting their respective services in a bid to win new trading customers. MELANIE LOVATT looks at how this competition is benefitting corporates   Much bank activity has centred on providing services to the Gulf region’s government- controlled oil companies. Securing this business remains important, but […]

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Posted in Cash, Issue 28 July / August 2014, Trade0 Comments

Funding solutions: call for banks to buck up

06 July 2014

Expansion, forward thinking and treasury upgrades have contributed to the success of one of Dubai’s leading commercial groups. But it would like to see an improvement in the quality of services being offered by banks. PAUL MELLY reports   From traditional family trading house to modern company in just a few decades. This is a […]

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Posted in Cash, Issue 28 July / August 2014, Trade0 Comments

Technology: Omani banks get set for the future

06 July 2014

Omani banks are gearing up on the IT front following a Royal Decree encouraging the market to adopt more technology. This was one of the facts that emerged from a BNY Mellon Roundtable in Muscat. The questions were put by Cash&Trade Cash&Trade: What challenges do Omani institutions (banks and their corporate clients) face with regard […]

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Posted in Cash, Issue 28 July / August 2014, Trade0 Comments

KSA confirms its position as a ‘growth economy’

06 July 2014

The GCC Tajara Monitor series for the financial year 2013 is shortly being released beginning with the KSA analysis. The focus is to provide transparency on developments, trends and the financial and capital dimensions of the trade-finance market-place. CAROLINE MAGINN reviews the findings The complex trade finance business proposition delivered by banks continues to evolve […]

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Posted in Issue 28 July / August 2014, Tajara Monitor, Trade0 Comments

Cyber crime: MENA is now a prime target

06 July 2014

More than 38 per cent of those in the Middle East who responded to an economic crime survey said they expected their organisations to be victims within the next two years. PAUL WRIGHT, of AccessData Professional Services and Investigations, looks at how companies can cope in the ‘digital world’ The Middle East is fast becoming […]

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Posted in Cash, Issue 28 July / August 2014, Trade0 Comments

New funding on the way for SMEs in Africa

06 July 2014

The Islamic Corporation for the Development of the Private Sector is at the forefront of a massive drive to support SMEs. MUSHTAK PARKER reveals who will benefit Due to celebrate its 15th anniversary in 2015, the Islamic Corporation for the Development of the Private Sector (ICD), the private sector funding arm of the Islamic Development […]

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Posted in Islamic Finance, Issue 28 July / August 2014, Trade0 Comments

Zeroing in on the Euro Zone

06 July 2014

Several financial institutions and corporates in Asia, the Middle East and North Africa – although not tied to the 2014 Single Euro Payments Area (SEPA) deadlines – have joined SEPA schemes, and are already ‘grabbing the operational benefits of optimised euro payments’, according to OLIVIER DENIS, product manager for SEPA compliance at EastNets T he […]

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Posted in Issue 28 July / August 20140 Comments

ISSUE 28 JULY / AUGUST 2014

06 July 2014

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Posted in Issue 28 July / August 20140 Comments

Letter from the editorial director

04 May 2014

Dear Reader, What this issue makes clear is that trade and its financing are to grow in the BRIC countries: Brazil, Russia, India and China. As a whole, emerging markets are increasingly coming to the fore but it is the BRIC economies that are getting up the biggest head of steam. Indeed, it is expected […]

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Posted in Issue 27 May / June 20140 Comments

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