Bank to launch enhanced cash and liquidity management tools  United Arab Emirates, 16 December, 2012 – Standard Chartered recently held a client conference focusing on liquidity management, which is the lifeblood of organisations. “Managing Liquidity in a Dynamic economic Environment” was an exclusive event attended by a select group of senior finance and treasury executives to discuss optimization of cashflow …

Card also holds the distinction for being the first multi-currency prepaid travel solution in the Middle East and Africa Bahrain, 16 December, 2012 – MasterCard , the global payments and technology company has launched ‘My Card’, the world’s first MasterCard Platinum Prepaid Travel Card in the Middle East. My Card, which is also Middle East and Africa’s (MEA) first multi-currency prepaid travel …

Dubai, UAE and Copenhagen, Denmark, December 12, 2012 Kim Sindberg and Lakshmanan Sankaran have released the “Pocket Guide Series for International Trade.” It is a Trade Finance App for iPad and iPhone. The name of the App is “Pocket Guide Series for International Trade.” It is a series of short and convenient guides related to international trade, similar to the …

London, Decembre 12th, 2012 – CGA, Societe Generale’s French factoring subsidiary, has finalised in December a deal to provide factoring services to Air France. Through close dialogue and cooperation, CGA was able to tailor their services to suit Air France’s needs, offering non-recourse factoring up to an agreed amount of EUR 250m. his operation is a new step in the close …

12 December 2012, UAE – Standard Chartered Bank has announced the launch of an Islamic version of its award-winning online banking platform, Straight2Bank. The enhanced platform expands client access to the Bank’s Islamic products by providing its growing Islamic customer base a secure online portal that is compliant with Shariah laws. The existing Straight2Bank platform was enhanced to meet the …

Bahrain: 10 December 2012: The achievements, innovations, and excellence in the international Islamic banking and finance industry were recognised today at the 19th Annual World Islamic Banking Conference (WIBC 2012) held at the Gulf Convention Centre in the Kingdom of Bahrain. The annual WIBC Awards, which are among the oldest and most prestigious in the world, are designed to recognize …

More than 1,200 industry leaders from over 50 countries set to join 94 international speakers in Bahrain to discuss new growth strategies for Islamic finance Bahrain: 08 December 2012: Leading players, industry thought leaders and key regulators in the international Islamic banking and finance industry will take part in the 19th Annual World Islamic Banking Conference (WIBC 2012), which is …

December 5, 2012 – Surecomp®, a leading provider of global trade solutions for banks and corporations, has announced the release of SCF-PRO®, its newly developed supply chain finance (SCF) solution. SCF-PRO is a state-of the-art SCF solution that enables corporate buyers and suppliers to better manage liquidity and optimize working capital. Unveiled recently at Sibos 2012, the solution leverages Surecomp’s …

Abu Dhabi (December 4, 2012) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, declares that the  NBAD Sukuk Income Fund has returned 4.78% since inception and will distribute 1.76% dividend payment toinvestors. This is NBAD Sukuk Income Fund’s first payout since it was launched six months ago and all registered holders of the …

The Abu Dhabi office of Clifford Chance advised First Gulf Bank (FGB), a major leading financial institution headquartered in Abu Dhabi, UAE, on a new three-year US$900 million senior unsecured Term Loan Facility with a group of international banks. The loan facility was signed at a ceremony on 13 November at the Emirates Palace in Abu Dhabi attended by Andre …

21 November 2012 Learning from peers is key to fulfilling the Chief Financial Officer’s increasingly demanding role, according to ICAEW, a world leader of the accountancy and finance profession. ICAEW yesterday gathered select CFOs to its first ever CFO Club event in Bahrain to discuss corporate governance challenges currently facing the CFO, encourage networking and exchange of experiences. Peter Beynon, …

Malaysia, 21 October 2012 – In margin of the 3rd Annual Meeting of Aman Union (a group of Arab and Islamic Export Credit Agencies) which is being held in Kuala Lumpur 21st and 22nd October 2012. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of Jeddah based Islamic Development Bank Group and the European insurer …

Manama, 18th November 2012: Capital Club Bahrain, the Kingdom’s premier private business club and a member of the ENSHAA group of companies, hosted an in-depth look ahead at the region’s business and economy during uncertain times. Some of the Arab world’s most influential business personalities and leaders in their respective fields analyzed the business outlook for Bahrain and the region …

Abu Dhabi (November 17, 2012) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has been selected by judges at The Banker & Professional Wealth Management Magazine as the “Best Private Bank in UAE for 2012” in the 4th Annual Global Private Banking Awards. This latest accolade adds to NBAD’s several awards. “At a …

ICIEC and SABB organize a joint seminar on “Trade finance and risk management solutions” and signed a Memorandum of Understanding to support non-oil Exports in Saudi Arabia JEDDAH, 14-11-2012, A seminar on Trade Finance  and Risk Management Solutions  was organized jointly by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) member of the Islamic Development Bank …

Abu Dhabi/London (November 14, 2012) – Arab Bankers Association chose Michael Tomalin, the Group Chief Executive of the National Bank of Abu Dhabi (NBAD), as the first recipient of  the distinguished service award to Arab Banking and as such the Arab Bankers Association (ABA) “Banker of the Year”. Arab Bankers Association, founded in 1980 in London, represents and promotes the …