Bank now provides direct and Regional custody solutions to more than 40 markets across Asia, Africa and Middle East 26 June, 2012 – Standard Chartered Bank has announced today the expansion of its Regional Custody coverage for Investors and Intermediaries from its MENA Regional hub in the Dubai International Financial Centre. The service now covers more than 40 markets across …

en.Service Bureau reduces complexity, cost and risk related to payments and other international financial transactions June 24, 2012 EastNets, a leading global provider of compliance and payments solutions, has announced that its en.Service Bureau solution has been recently selected by Ansbacher in the Bahamas for SWIFT connectivity, helping the bank reduce the complexity, cost and risk related to payments and …

. . .21 June 2012 Barclays Advances Corporate Banking Offering with the Expansion of Cash Management Team in the GCC Region Barclays Bank PLC announced today that it is continuing to expand its corporate banking offering through the expansion of its cash management capabilities in the region. Oliver Baillie has been appointed as Head of Cash Management, UAE and GCC …

SunGard Launches New Bank Readiness Index To Help Banks Address Customer Needs Dubai, 19 June, 2012 – New research undertaken by Celent on behalf of SunGard, has found that banks in some of the world’s fastest-growing emerging markets are struggling to keep up with changing customer expectations, particularly in multi-channel areas such as social media and mobility. The research, which …

STANDARD CHARTERED EXECUTES FIRST EVER BANK PAYMENT OBLIGATION TRANSACTION OCTAL and BP first to benefit from new era in trade settlement 13 June 2012 – Standard Chartered Bank today announced that it has facilitated the first end-to-end automated trade finance transaction with the Bank Payment Obligation (BPO) through its Straight2Bank platform. The transaction was carried out between BP’s petrochemicals business …

100 senior industry leaders participate in high-level discussions at the World Takaful Conference: Asia Leaders Summit (WTC: ALS 2012) Kuala Lumpur, Malaysia, 13th June 2012: The World Takaful Conference: Asia Leaders Summit (WTC: ALS 2012), which opened today at Hotel Istana, Kuala Lumpur, saw more than 100 senior executive industry leaders in the regional Takaful industry engage in critical discussions …

Trade finance and corporate banking are on the up in Saudi Arabia thanks to strong, double-digit growth in both imports and exports in the Kingdom and continued positive intermediation by Saudi banks in the trade flows. This is confirmed by Cash Management Matters (CMM), which as part of its aim to create transparency in the trade finance market-place in the …

Cross-Border Trade and Investment Flows between Asia and the Middle East Set to Expand H.H. Sheikh Salman bin Khalifa Al Khalifa, Honorary Chairman of the Bahrain Petroleum Company (BAPCO) inaugurates the Asia-Middle East Investment Summit in Singapore Singapore: 7th June 2012: The inaugural Asia-Middle East Investment Summit (AMEIS 2012), which opened today at the Grand Hyatt Singapore, saw 150 senior …

7 June 2012 BARCLAYS CONTINUES TO EXPAND WEALTH AND INVESTMENT MANAGEMENT TEAM IN THE MIDDLE EAST  Dubai, UAE: Barclays announced today the expansion of its Wealth and Investment Management team in the Middle East and North Africa. Chris Cocker and Nicholas Koutsoukos have both been appointed as Directors covering the Lower Gulf region with the specific objective of extending Barclays …

Trade finance and corporate banking in the KSA closed 2010 on a very positive note and are both poised for further growth in 2011, comments CAROLINE MAGINN, trade partner at CMM   The Tajara Monitor Full Year report revealed that in 2010 Riyad Bank narrowly held on to its lead position but is now challenged by a resurgent national Commercial Bank, whilst …