The possibility of global recession and falling demand are two of the big issues for treasurers to wrestle with in the coming year. LIZ SALECKA gets their views on what the New Year has in store As the New Year begins, corporate treasurers across the Middle East are preparing for a busy time ahead by ensuring that their companies have …

Transaction banking was the subject of discussion when representatives from most banks in the Kingdom of Saudi Arabia took part in the first ever roundtable discussion organised by Cash & Trade  The participants were: AlRajhi Bank: Badri Ali Kadhim, AGM, head of global transaction banking/financial institutions Khaled M. Al-Busayes, head of cash management and e–corporate banking  Alinma Bank: Ahmed Said …

The ability to use ‘soft market’ time to prepare for the next big business cycle is what makes leaders in the banking industry stand out from the rest. SUKIRAT KOCHAR and MANINDER BHANDARI explain Sukirat Kochar All industries go through ups and downs and the banking industry is no exception. However, what differentiates the leaders in this business from the …

Caroline Maginn, Trade Partner at Cash Management Matters (CMM) comments on a very positive ICC Banking Commission initiative that galvanised a group of leading trade finance banks to work together to give qualified input to Basel III. This should support the industry as a whole to engage in the on-going provision of trade finance liquidity in support of the real …

The Middle East has a population of more than 190 million people and a combined GDP of $1.6 trillion. Its aggregate economy is larger than Russia or Brazil and has impressive growth prospects. The most prominent economic powers are the members of the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. These six …

The doom and gloom precipitated in 2008 by the global financial crisis and more recently by the eurozone sovereign debt crisis will continue unabated through 2012, and the impact on the global markets will equally not be spared. MUSTAK PARKER reports

With an aim to capitalise on the opportunities created by banks withdrawing from trade finance, Church leaves DBS, and heads a new Singapore-based team for multi award winning trade, corporate and commodity finance boutique Falcon Group Andrew Church has joined Falcon Group together with Mahesh Parameswaran and Arun Crasta. They leave DBS, which is one of three major corporate banks …

Dubai, 23rd November 2011 – SunGard has launched Ambit MyMoney, an integrated online and mobile banking platform, to help banks capitalize on the increasing global adoption of ‘smart’ mobile devices by creating a consistent and customizable mobile banking experience. The new solution helps banks provide seamless online and mobile banking services to retail and business customers via the Web, mobile …

Dear Reader, In the world of finance, Sibos is the epicentre. It’s the place to take the global temperature, particularly now at such a testing time for so many economies and the banking community as a whole.  This year’s venue was Toronto, Canada’s banking capital, where the consensus was that the renminbi will eventually become a major global reserve currency, …

This year’s Sibos conference took place at the Metro Convention Centre in Toronto, Canada, once again gathering banking and financial experts and leaders from around the world to network, conduct business and talk extensively about key industry issues. It was organised by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), operator of the global financial messaging network

The best strategies and technologies for preventing, detecting and addressing financial fraud were outlined at Sibos, the world’s premier financial services event, by EastNets, a leading global provider of compliance and payments solutions and services.The company delivered a presentation entitled “Emerging Fraud Challenges” on the fourth day of the summit. It covered the latest fraud threats and trends faced by …

Standard Chartered has won the “Best FX Services in the Middle East Award” from emeafinance, an accolade that reflects the bank’s increased turnover in GCC foreign exchange volumes and continued innovation in the market.

The appointment of Barclays global head of cash management to SWIFT’s UK board was announced at this year’s Sibos event at which the most senior Barclays delegation – including Barclays Corporate CEO John Winter – gathered for a record number of meetings and fringe events.

Tajara Monitor continues in the process of broadening its geographic coverage within the GCC. Here, Caroline Maginn – Cash Management Matters Trade partner looks at some of the Kuwaiti Tajara findings in relation to trade finance. Kuwait is the third biggest trading nation within the GCC

e-invoicing helps corporates turn their backs on time-consuming, paper-based activities, says MARCUS HUGHES, director of business development, Bottomline Technologies Corporates today are focused on optimising cash and working capital. And an increasing number of organisations are realising that this can be achieved by automating the order-to-pay process, enabling them to free up cash lost in time-consuming and inefficient, paper-based activities.