As part of Cash & Trade’s regional coverage and following our first roundtable in the KSA, we organised a UAE Roundtable discussion under the sponsorship of Emirates NBD transaction banking services. Last year was an excellent one for cash and trade business in the UAE, with the international banks confirming it was a good 12 months across the whole region, …

Banks have played a demonstrably positive role in the real economy and broader society in Qatar during recent years. This is particularly evidenced by their increased provision of trade finance. Caroline Maginn, Trade Partner at Cash Management Matters (CMM), explains In a final look at the specifics of trade finance in the main GCC countries ahead of the conclusion of …

Senior leaders in the region are taking solid steps to set up ‘next generation’ business models in correspondent banking. ALEXANDER R. MALAKET, CITP, looks at how what is happening today will shape ‘tomorrow’ The global financial crisis, which has had – and continues to have – implications of varying degrees of seriousness across the globe, has indisputably resulted in a …

ICIEC is poised for even greater advances. In an exclusive interview with its CEO, Dr Abdel Rahman Eltayeb Taha, our correspondent MUSHTAK PARKER explains what is in store. Where there is turmoil and transformation, there are opportunities. Export credit and investment insurance opportunities to be precise. In the Middle East and North Africa (MENA) region, one institution stands out to …

UAE, 4 March, 2012 – Standard Chartered has announced that it is waving remittance charges, corresponding bank charges and rewarding customers with 1% of the remittance amount as cashback for fund transfers to an INR (Indian Rupee) beneficiary using Standard Chartered’s Online Banking service at www.standardchartered.ae. The offer is valid for three months from March 5th to May 31st, 2012 …

Highlights: Income rises 10 per cent to US$17.64 billion, profits 11 per cent to US$6.78 billion Strong balance sheet growth: customer loans up 9 per cent to $269 billion and customer deposits up 11 per cent to $352 billion Strong capital position – Core Tier 1 ratio of 11.8 per cent and minimal refinancing required to end of 2013 Diverse …

The upcoming Treasury and Cash Management Forum will be brought to you by Marcus Evans scheduled for the 29th of April 2012 till the 1st of May 2012 at the Sheraton Dubai Creek Hotel & Towers. It is essential for today’s treasury professionals to improve the bottom line and integrate internal systems by working alongside senior management. Treasurers need to …

Scheduled to take place on the 13th and 14th of May 2012 in Dubai,  Marcus Evans brings together CFOs of tomorrow from the Middle East to facilitate and encourage the sharing of ideas and practical advice in the 4thAnnual Middle East CFO conference. Attendees will have the opportunity to discover the latest trends and interact personally with the experts in the region …

Dubai, 22 February 2012 The Royal Bank of Scotland N.V. (RBS) today hosted the official opening of its Corporate Banking Branch in Emaar Square, Dubai. The Branch, which was previously located in Bank St, is an integral part of RBS’s corporate banking operations in the UAE and accommodates a Corporate Branch, Transaction Services and Global Networking Sales teams. The inauguration …

London – February 21, 2012 Deutsche Bank today announced its appointment as successor depositary bank for the Level I American Depositary Receipt (ADR) program of Strategic Minerals plc (Strategic Minerals), headquartered in the United Kingdom. Strategic Minerals plc is a UK registered resources company focused on the development and supply of iron ore- in particular magnetite – to the world’s …

Toronto, Canada – February 15, 2012 – Surecomp, a leading provider of global trade solutions for financial institutions and corporations, is marking 25 years of innovation and leadership in 2012. Established in 1987, Surecomp is an industry pioneer and leader with a proven track record delivering cutting-edge trade services solutions to major banks, financial services providers and enterprises across the …

  Malcolm Fleet has joined Falcon Group as Head of Global Sales Management – acting as the link between senior management and the expanding Falcon sales effort In his role, Fleet acts as an intermediary between Falcon’s global sales teams (in Asia, The Middle East and the Americas),and senior management in London and Dubai, assuring that the sales platform is managed and monitored, in order to ensure the …

Standard Chartered will be Euroclear Bank’s AED clearing bank UAE, 12 February, 2011 – Standard Chartered announced today its partnership with Euroclear Bank, the international central securities depository, to provide cash clearing services in the UAE. Following the appointment, Standard Chartered will be the Arab Emirates Dirham (AED) cash clearing bank for Euroclear Bank. The service will provide highly competitive …

January 31, 2012 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and The State Bank of Pakistan (SBP) signed a Memorandum of Understanding (MOU) yesterday 31 January 2012 at SBP headquarter in Karachi, to cooperate in promoting trade and investments in Pakistan.  Mr. Yaseen Anwar, the Governor SBP and Dr. Abdel Rahman El-Tayeb Taha, the Chief …

MetLife, Fujitsu, and SWIFT Treasury Successfully Pilot eBAM Central Utility New York, January 30, 2012 — J.P. Morgan (NYSE: JPM) Treasury Services, a full-service provider of cash management, trade finance and treasury solutions, today announced the completion of its Electronic Bank Management (eBAM) central utility pilot (E-CU). One of only four banks to participate, J.P. Morgan successfully implemented the program …