Abu Dhabi/Washington D.C. (August 19, 2014) – The National Bank of Abu Dhabi (NBAD) has renamed its wholly-owned subsidiary in the Americas to NBAD Americas N.V. NBAD established the subsidiary in Curacao in 1979 as Abu Dhabi International Bank N.V., and launched a federal branch in the U.S. capital, Washington, D.C. in 1981. “NBAD Americas has been a great facilitator …

Dubai Customs partners with Global Trade Development Week to reduce international trade barriers Dubai Customs announces key strategic partnership in Global Trade Development Week 2014, the largest international trade event for business and government leaders Dubai, 02 July 2014 – Under the patronage of HE Sultan bin Saeed Al Mansouri, UAE Ministry of Economy, Global Trade Development Week 2014 will …

London 22 July 2014 Deutsche Bank partners with Clearstream and Euroclear to bolster client collateral capabilities under T2S and beyond Deutsche Bank today announces a partnership with Clearstream and Euroclear to help clients consolidate, optimise and more efficiently assign their collateral inventory as part of the TARGET2-Securities (T2S) initiative. The partnership will provide clients with a single entry point from …

Arab Bank Group Profit rises by 7% in the first half July 16th, 2014 Arab Bank Group net profit after tax and provisions during the first half of 2014 grew by 7% to USD 414.9 million from USD 387.3 million in the same period last year. Loans and advances also increased by 4% to reach USD 23.7 billion compared to …

Standard Chartered Saadiq inaugurates its first Islamic Banking Centre in the UAE The Bank aims to bridge the service and distribution gap between Islamic and Conventional Banking Dubai, United Arab Emirates, 06 July 2014 – Coinciding with the beginning of the Holy Month of Ramadan, Standard Chartered Saadiq, the Islamic Banking division of Standard Chartered Bank, inaugurated its first dedicated …

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 selection of US-based global banks …

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 Citibank executive Sankar Krishnan paints …

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 that Asia presents huge developmental …

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, without compromising security”. It also …

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 his strong performance as interim …

3 days Islamic Asset Securitisation course Dubai 12th – 15th Jan 2015 Overview The Course provides a comprehensive overview of conventional and Islamic Capital Market instruments particularly, Fixed Income and Asset Securitization and how it is applied in Islamic banking and finance. The course covers topics such as the Islamic Sukuk securitization process, both quantitative and qualitative aspects, legal perspective …

Abu Dhabi (July 2nd , 2014) – The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement. The NBAD Cash Plus Fund allows investors to benefit from higher rates than conventional deposits and availing liquidity. The Fund; designed for corporates, institutions and high net worth individuals …

Press Release 19 June 2014 Global trade set to benefit from ICC report Released today, the International Chamber of Commerce (ICC) Trade Register Report 2014 provides empirical evidence that, in all forms, trade and export finance is a low risk bank financing technique – further supporting ICC’s advocacy of trade finance as a strong contribution to economic recovery and growth. …

Standard Chartered Bank Picked by Dubai Economic Council to Facilitate Trade and Investment Flows between Dubai and USA Standard Chartered Bank to assist in execution of Dubai Economic Council and US-EXIM Bank’s $5bn Memorandum of Understanding 19 June 2014, Dubai, United Arab Emirates – Dubai Economic Council (DEC) and Standard Chartered Bank have signed a MOU stipulating that Standard Chartered …

June 18, 2014 20th Years’ Anniversary Celebration of ICIEC ICIEC Organizes a Seminar on: “The Future Role of ICIEC in Supporting Trade and Investments In Member Countries” This year, The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) celebrates its 20 years Anniversary which coincides with the 40th Anniversary of its parent Islamic Development Bank, and at …

Abu Dhabi (June 15, 2014) –The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 2.87% of the net asset value (NAV) ofUS$5.2532, being the NAV as at May 29, 2014. Accordingly, each unit in the Fund will receive a dividend pay-out of US$0.1510. The Fund earned interest equivalent to …