Wednesday 14th December 2016 Trade finance continues to have a favourable risk profile when judged against comparable asset classes, such as corporate and small to medium-sized enterprise (SME) lending. Low-risk nature of trade finance remains despite ongoing industry changes, including the slowdown in global trade, fall in commodity prices, and gradual shift of corporates towards open account. Data provides a …

Supporting Suriname’s economic development through financing strategic imports. The signing took place during the visit of H.E. Gillmore Hoefdraad, Minister of Finance of Suriname & IDB Governor at the ITFC Headquarters in Jeddah where he had signed the term sheet with Eng. Hani Salem Sonbol, CEO ITFC. The US$30 million operation, in favor of Suriname is for financing the agricultural, …

Regional and international powerhouses gathered at Islamic finance’s longest-running platform Manama, Bahrain, 6 December 2016: Under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, The Prime Minister of the Kingdom of Bahrain and with the official support of the Central Bank of Bahrain, WIBC hosted over 1,300 leaders who congregated at the ART Rotana Hotel, Amwaj Islands in …

MoU to support the financing of high priority contracts between GE and the Iraqi government, through partnering with TBI and Standard Chartered Bank as a key stakeholder to accelerate the implementation The first and largest of its kind, bespoke transaction executed for Iraq Earlier financing MoU between GE, TBI and Standard Chartered Bank had helped deliver and secure more than …

The event will explore recent developments in financial crime compliance, the impact of global regulations on the UAE, cyber-security and FinTech innovation Dubai, 29 November 2016 – SWIFT, a global provider of secure financial messaging services, announces today that it is hosting its UAE Business Forum in Abu Dhabi on December 7th. Senior representatives from the UAE’s banking and financial …

Istanbul, Turkey – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group signed a Memorandum of Understanding (MoU) with KOSGEB (SME Development and Support Agency of Turkey), to enhance cooperation and coordination in trade finance for the development of SMEs. The signing ceremony took place during the 32nd Session of the COMCEC in …

PayExpo MENA 2016, 5-7 December, Intercontinental Festival City, Dubai Dubai, 27/11/2016 – International Chamber of Commerce (ICC-UAE) will welcome over 1000 global FinTech experts coming to Dubai to discuss the revolutionary changes in the Payments industry.  ICC-UAE has announced partnership with PayExpo MENA, a two day summit which will focus on the innovations in the payments sector. With a UAE …

SWIFT RMB Tracker shows the euro is now the second-most-active currency for trade finance, whilst the RMB slips to position number three Brussels, 23 November 2016 – Since the launch of the first SWIFT RMB Tracker in November 2011, the RMB has shown stellar growth for payments, whilst RMB usage by value in traditional trade finance – letters of credit …

The Bank also won The World’s Best Consumer Digital Bank by Global Finance for the sixth consecutive year Dubai: 20 November 2016 – Standard Chartered Bank has been named The Best Regional Consumer Digital Bank for Middle East & Africa by Global Finance for the fifth consecutive year. The announcement of the win came at the Global Finance Digital Bank …

Establishment of the first Islamic financial institution at  Abu Dhabi Global Market Abu Dhabi– 20 November 2016: Abu Dhabi Financial Group (ADFG) and GFH Financial Group (GFH) today announced the appointment of Mr. Talal Al Zain as the Chief Executive Officer of the newly established ADCorp, the first Islamic financial institution at the Abu Dhabi Global Market (ADGM). ADCorp is …

Press Release | November 15, 2016 Marrakech — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), as a multilateral credit and political risk insurance corporation, plays a catalytic role in facilitating Renewable Energy projects in its member countries. On the margins of COP22, which took place in Marrakech, Morocco, on November 15, 2016, ICIEC organized a …

  The first ever Latin American Business Forum in the United Arab Emirates is taking place to explore how nations in the two regions can continue to grow business and revenue between each other. The two day Global Business Forum – Latin America is taking place in Dubai with more than 500 prominent stakeholders taking part including heads of state, …

Global Investor/ISF recognises Bank’s excellence in Custody & Clearing Services 14 November 2016, Dubai UAE – Standard Chartered has been awarded the ‘Best Regional Sub-Custodian of the year’ by world-renowned financial publication, Global Investor/ISF. The results were announced at the MENA Capital Markets Summit held recently in Dubai. Global Investor/ISF MENA Awards are considered the most prestigious in the financial …

The innovative benchmark for the Islamic banking industry returns back for its second edition after a successful inauguration in 2015. Manama, Kingdom of Bahrain, 13 November 2016: After a very successful introduction of the first of its kind assessment tool for Islamic banks in 2015, WIBC 2016 is set to continue its efforts to enhance the performance and quality of …

Sunday, November 13, 2016 Senegal – With the objective of supporting strategic sectors, the International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group signed a Syndicated Murabaha Financing for USD 75 Million (CFA Franc 45 billion), in favor of the Government of Senegal, with SONACOS as executing agency. The financing is a major step for …

Thursday, November 10, 2016 Seminar on “International Trade And Climate Change” Organized by ITFC and the Islamic Development Bank (IDB) on the Sidelines of the COP22 United Nations Climate Change In Marrakech Marrakech – Morocco, Under the theme of climate change and its impact on trade, the International Islamic Trade Finance Corporation (ITFC) and the Islamic Development Bank (IDB) in …