Paris, 14th June 2017 The paper focusses on pan-European infrastructure considerations for a successful roll-out and ramp-up of real-time payments across Europe EBA CLEARING issued today a white paper on how to ensure a smooth take-off for euro instant payments across Europe. The paper presents key factors for a successful ramp-up of real-time payments, such as payment certainty and reach, …

  Corporate treasurers can now find out where a payment is at any given time Brussels, 11 June 2017 – SWIFT announces today the availability of its new cross-border payments Tracker that enables international payments to be traced in real-time. The Tracker is the cornerstone of SWIFT gpi – the cooperative’s new payments innovation service – which is revolutionizing the …

Dubai, United Arab Emirates, 11 June 2017 – GCC corporate bond market records solid performance in 2017 – Sukuk issuance year-to-date indicates healthy investor demand – Investors in Middle Eastern assets undeterred by low oil prices Total gross bond issuance in the GCC has already surpassed 2016’s total value in the first five months of this year, according to Fisch …

The new service will allow Empower’s customers to know the outstanding balance and make the payment of their district cooling consumption bills at all ENBD ATMs and CDMs across the UAE. Dubai, UAE, 7 June 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, launched payment facility for its customers through Emirates NBD (ENBD) bank’s …

  With technology leading the way towards all innovation, it’s imperative for product managers to think differently while zeroing on any development or buying a new technology. Product lead technology changes often fall on their face if they do not identify the purpose, the scalability and understanding of customer benefits. Technology is (almost) everything Technology changes the way banks compete …

With The Addition of a New Blockchain Distributed Ledger, Quisk Builds on Smart Dubai Government’s Strategy and Shares a Bold New Vision for the Future Dubai, UAE; Wednesday, May 31, 2017; Quisk, Inc., headquartered in Silicon Valley and provider of a secure digitized cash payment network for banks and financial institutions around the world, announced today that it will begin incorporating …

  SWIFT gpi will bring more transparency and traceability to cross-border payments Dubai, 28 May 2017 – SWIFT announces today that Mashreq Bank has signed up for its global payments innovation (gpi) service, to become the first bank in the Middle East to join this international initiative. The bank will be joining forces with 100 leading banks globally. SWIFT gpi …

UAE, 23 May, 2017 – Standard Chartered Private Bank has been awarded “Best Private Bank” in the UAE at the 18th Banker Middle East Industry Awards’ Gala Dinner, held at Jumeirah Emirates Towers in Dubai last week. The announcement was made before an audience of some 400 senior bankers and financiers, including more than 30 Chief Executives from around the …

World economy and financial markets enjoying surge in confidence as 2017 unfolds 14 May 2017, Dubai – The world economy is currently benefiting from strong US growth, solid export data from Asia and booming asset markets. Much of this comes down to a few common factors – high (but not too high) oil prices, China’s inventory cycle, and reflation expectations …

Jeddah, May 2017 On the side-lines of the Islamic Development (IDB) Group 42nd Annual Meeting of the Board of Governors held in Jeddah during the period from 14th to 18th of November 2017, the International Islamic Trade Finance Corporation (ITFC) has signed a three -Years US$ 450 million socioeconomic development framework agreement with the Government of Burkina Faso. The agreement …

Manama, Bahrain – 2nd May 2017: GFH Financial Group (“GFH” or “the Group”) today announced a net profit attributable to shareholders of $31.91 million for the first quarter of 2017 ended 31 March, representing 427% increase from $6.06 million reported in the prior year period. The Group reported a consolidated net profit of $33.55 million for the quarter as compared …

02 May 2017  28 Major Transactions exceeding $53 billion in Total Deal Value [Dubai, UAE]: In recognition of its continued leadership in the Investment Banking space, Barclays has been crowned ‘Best Foreign Investment Bank’ in the Middle East by EMEA Finance, a leading banking and finance publication specialising in Europe, Middle East and Africa. The judging panel’s decision to name …

Arab Bank Group announced its results for the first quarter of 2017 reporting a net profit after tax of $218.2 million as compared to $218.3 million. Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue. Excluding the effect of foreign currency devaluations, the Bank’s net operating income would have shown …

Agreement allows the bank to offer its corporate clients new smart cash management services which will help them save time and cut handling costs   30 April 2017, Dubai – Standard Chartered Bank has signed a partnership agreement with leading UAE-based business support provider Transguard Group, which will enable the bank to offer its corporate clients a smarter and more …

Al Mansoori: ‘Our countries are interested in developing fruitful partnerships in tourism & mining’ Abu Dhabi, April 26, 2017 H.E. Eng. Sultan bin Saeed Al Mansoori, the UAE’s Minister of Economy, has discussed ways to further develop trade and investment ties with Australia with H.E. Steven Ciobo, the Australian Minister of Trade, Tourism and Investment. Talks were held during a …