Dubai-Citi Treasury and Trade Solutions (TTS), a leading provider of cash management and trade services in the region, recently hosted a client seminar entitled The Middle East – Africa Expanding Corridor: Understanding the Potential and Capitalizing on the Growth focusing on Citi’s unique footprint and transaction services capabilities across the Middle East and Africa. Held at the Palace Hotel in …

  – Challenges facing women in reaching positions of authority in the spotlight – (Manama- April 30, 2015)- The Central Bank of Bahrain (CBB) in cooperation with the Supreme Council for Women (SCW) today hosted a roundtable discussion on the “Challenges Facing Women in Reaching Positions of Authority in the Financial Sector.”  Taking place on the 29th of April 2015 …

APRIL 2015 ICAEW has called for organisations to improve corporate governance policies and practices in order to tackle the challenges of today’s business environment. In a speech this week to the Dubai Global Convention on Leadership for Business Excellence and Innovation, the Institute’s Deputy President, Andrew Ratcliffe, expressed to government officials and business leaders that companies should rethink how they …

Singapore, 22 April 2014 – The International Chamber of Commerce (ICC) has revised its DOCDEX rules, a dispute resolution mechanism specifically designed to address trade finance concerns. In addition to widening its scope to address any trade finance dispute, the new rules will also increase transparency and enhance time efficiency. DOCDEX is a rapid, cost-effective, document-based procedure offering international bankers …

Senior executives and international market leaders from the Islamic banking and finance industry representing high-growth markets of Asia, Middle East and beyond to gather in Singapore for the 6th Annual World Islamic Banking Conference: Asia Summit (WIBC Asia 2015) to forge the future path of Islamic finance. Singapore: 20th April 2015: More than 500 leading industry players, thought leaders and …

• Dubai Seminar Explores Citi’s Unparalleled Africa Capabilities • In line with Dubai’s Vision to Serve as Hub for Africa Business Development Dubai-Citi Treasury and Trade Solutions (TTS), the leading provider of cash management and trade services in the region, recently hosted a client seminar titled: ‘The Middle East – Africa Expanding Corridor: Understanding the Potential and Capitalizing on the …

14 April 2015, Singapore/London – Standard Chartered Global Research has announced two senior appointments, one within its leadership team and the other a key hire to its Greater China Economic Research coverage. Marios Maratheftis becomes Chief Economist, Global with immediate effect. As Head of Economic Research, Marios leads a team of 35 economists based in 12 countries. He joined the …

Innovative technology will be critical to success, say Middle East banks at iGTB event Chennai(India), London(UK) and Dubai (UAE), March 23, 2015: Middle East banks are set to increase their share of global transaction banking revenues by at least 25%, according to a survey conducted by iGTB, the world’s first complete transaction banking platform. The iGTB Middle East Client Advisory …

UAE Ministry of Economy signs three-year MOU agreement with leading Malaysian exhibition & conference company, KW Group, to host mega trade event Abu Dhabi – 20th March 2015 – The UAE Ministry of Economy has signed a Memorandum of Understanding with Malaysian company KW Group Sdn Bhd, organisers of Global Trade Development Week. His Excellency Sultan bin Saeed Al Mansoori, …

Bahrain makes the top 20 in the GMTI 2015 behind Malaysia, Turkey, UAE, Saudi Arabia, Qatar, Indonesia, Oman, Jordan and Morocco In 2014, Bahrain welcomed 2.6 million Muslim visitors. Singapore topped the list for non-OIC countries which also included Thailand, UK, South Africa and France. In 2014, there were 108 million Muslim travellers spending $145 billion. This is expected to …

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 considered an unpredictable economic climate. …

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 prices will continue to adversely …

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 and back-office integration, addressing the …

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 its investment in Egypt against …

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 (ABS), the event will feature …

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 available across 27 countries in …