The MENA region has this year registered its highest inflows over the past five years On an aggregate basis, its markets posted around $2bn of net inflows since the start of this year – also a record level – versus an outflow of  $192m during the same period in 2012. Of the $655m for May, Saudi Arabia led the rally …

Qatar is bidding to become the Gulf region’s financial hub, introducing a new regulatory framework for financial institutions and other initiatives to facilitate growth in the banking sector. The MEED Qatar Banking Summit 2013, backed by Qatar Central Bank, Qatar Financial Market Authority and Qatar Financial Centre Regulatory Authority, will gather more than 100 senior decision-makers from leading domestic and …

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of the Islamic Development Bank Group, and the Central Bank of Bangladesh have signed a Memorandum of Understanding (MOU) that aims to boost co-operation in promoting trade and investment in Bangladesh. The MOU was signed on behalf of ICIEC by Dr Abdel Rahman El-Tayeb Taha, the chief …

A mere 300 participants attended the first Sibos. Thirty-five years on, more than 7,000 are expected for the world’s premier financial services event being held for the first time in the Middle East. PAUL MELLY looks at what’s on the agenda. When some 7000 participants gather in Dubai for the 35th edition of Sibos, this will mark a Middle Eastern …

The Abu Dhabi Commercial Bank (ADCB) aims to retain its lead in transaction banking through looking into the future. Here, Murali Subramanian, Executive Vice President and Head of the Transaction Banking Group, explains its outlook to Cash&Trade Question What are the particular priorities for ADCB and your own development plans? Answer We aim to retain market leadership in the transaction …

A range of senior positions in banking and treasury in the MENA region are now held by women. PAUL MELLY speaks to some of them Determination, self-confidence and a willingness to defy stereotypes – these are the sort of qualities that take women to the top in finance in the Middle East today. But ability alone is not always enough. …

MENA expansion now has the increased support of export credit agencies. MELANIE LOVATT reports Export credit agencies (ECAs) have boosted their support for Gulf mega-projects over the last several years. In the wake of the 2008 global financial crisis, they gained importance as sponsors looked to tap more sources of funding. And with deal size on the up, they look …

With trade finance very central to banks’ boardrooms in the region at present and topical globally for a variety of reasons, Cash&Trade is publishing extracts from CMM’s Tajara Monitor research series on the leading countries within the GCC and summarising key drivers in the market current in bankers’ minds, tabling important questions for banks to address with their clients, partners …

MUSHTAK PARKER looks at new developments in the field of Islamic finance It may be another sign of the growing maturity of the Islamic finance industry or complementary competition in a product area that is screaming out for diversification. But all the signs are that the industry’s short-term cross border liquidity management and financing challenge is attracting more takers. On the …

MENA has a long history of trust in both personal and business dealings. ALEXANDER R. MALAKET, president of OPUS Advisory Services International Inc., looks at how it operates in the field of transaction banking Trust is fundamentally important in high-context cultures, and it is axiomatic that the MENA region has long reflected this reality in both personal and commercial dealings. …

Industry Veterans Partner to Launch Trade Finance Advisory Practice: Trade Finance Associates, Singapore www.tradefinanceassociates.com Four veterans of the trade finance business have partnered to establish and launch Trade Finance Associates (TFA), headquartered in Singapore, and operating with a global mandate. Olivier Berthier, Maninder Bhandari, Alexander Malaket and Philip Simpson have partnered to establish TFA as a full-service consultancy focused exclusively …

15 August 2013, Singapore – Standard Chartered has created an RMB Solutions team that is responsible for delivering bespoke client solutions to help them best capture opportunities arising from the internationalisation of the RMB. The team consists of Carmen Ling, Global Head, RMB Solutions, Origination and Client Coverage; Caroline Owen, Regional Head of RMB Solutions, Americas; Alexandra Gropp, Regional Head …

INR futures sets new monthly volume record of 1,252,965 contracts Trading volumes in July up 55% year-on-year  Year-to-date volumes rise 91% Dubai, August 14, 2013: Dubai Gold and Commodities Exchange (DGCX) recorded a robust month of trading activity  with total trade value of  US$ 44.68.  July volumes registered a significant growth of 55% over the same period last year. DGCX’s …

Hong Kong, Taiwan, Singapore and Korea are more affected by China, rather than US, linkages India, the Philippines, Indonesia, and Thailand are more exposed to the US We examine the linkages via overall growth, and the trade, tourism and FDI channels US versus China – Who matters more? The news flow since May 2013 has hit growth expectations around the …

Deutsche Bank today announced the launch of the Financial Supply Chain Manager on its award-winning Autobahn App Market. The Financial Supply Chain Manager is an App with multi-currency and multilingual capabilities that enables clients to access receivables finance and supplier finance solutions via one central access point. Deutsche Bank’s financial supply chain solutions provide financing opportunities and value-added services for …