Issue 03 May / June 2010

Two activities that must be kept apart

21 July 2011

Maki Vekinis, Cash Management Matters – CMM Managing Partner, looks at the difference between vendor evaluation and selection of a cash management programme Following up from our previous article on vendor evaluation and selection of a cash management platform, we will now describe the differences between the two activities and why they should be kept […]

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Posted in Cash, Issue 03 May / June 2010, TradeComments (0)

Cash Management Matters (CMM) launches the Tajara Monitor for the Kingdom of Saudi Arabia

21 July 2011

CMM trade partner CAROLINE MAGINN explains why the company is proud to launch the Tajara Monitor (the”Tajara”) for teh Kingdom of Saudi Arabia (KSA) and the publication’s importance in the field of trade finance This is the first publication to the market that looks in depth at the trade finance market-place in the KSA and […]

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Posted in Issue 03 May / June 2010, Tajara Monitor, TradeComments (0)

The ‘risk revolution’

21 July 2011

A new era in credit and political risk insurance is now being ushered in thanks to the ICIEC . MUSHTAK PARKER reports One of the unintended benefits of the global financial crisis is the increasing awareness of risk and how to manage it in business, trade and investment. One risk management option is export credit […]

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Posted in Issue 03 May / June 2010, TradeComments (0)

The three keys to a strong economy

21 July 2011

Sustained global economic expansion continues to be expected, with a real GDP growth rate of about four per cent in both 2010 and 2011, writes DICK HOEY, chief economist at BNY Mellon The strongest economies in 2010 and 2011 should be those with three characteristics:  public policy that places the highest priority on economic growth […]

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‘New role for MENA in global expansion’

21 July 2011

  The Arab world can make a big difference to emerging markets, according to Marvin Zonis, professor emeritus of Busess Administration at Chicago Booth School of Business. In his talk entitled “The Middle East & North Africa: Deepening Ties with Other Emerging Markets”, he said that while global economic growth was returning, emerging markets were […]

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Posted in Issue 03 May / June 2010, TradeComments (0)

Tough times bring factoring to the fore

21 July 2011

As an up-date to a previous article about factoring, Cash&Trade decided to canvass opinion from the leading factors in MENA during what, arguably, has been the worst period of turmoil that the financial sector has seen for many years. Caroline Maginn, Cash Management Matters -CMM Trade Partner, reports Far from collapsing, the factoring market has […]

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MENA and China: sign of new world trade order

21 July 2011

The increasing potential and importance of South-South trade is reviewed by ALEXANDER R. MALAKET, CITP, president of Opus Advisory Service International Inc. (pictured) In particular, he looks at developments between Asia and the Middle East and relationships evolving through and beyond the global crisis.  The global balance of power is shift – ing, as is […]

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NIB writes its own future

21 July 2011

Noor Islamic Bank’s highly successful growth rate since its inception in 2007 highlighted the need to address the impact that manual operations had on its overall business. A combination of increasing transaction volumes, more complex financial instruments and reconciliations with smaller processing windows led the bank to conclude that it needed to update its reconciliation […]

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Posted in Islamic Finance, Issue 03 May / June 2010, News RoundComments (0)

UAE banks ‘looking good’

21 July 2011

UAE central bank governor Sultan bin Nasser al-Suweidi said recently that local banks will return to making good profi ts despite uncertain economic conditions. According to Reuters, Al-Suweidi told Arabic daily Al Ittihad that local banks’ positive reception to the Dubai World debt proposal, as well as strong cash reserves and capital, would help the […]

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Trade finance expansion

21 July 2011

Lebanon’s BLC Bank is being partnered by IFC, a member of the World Bank Group to help increase trade fi nance for businesses in Lebanon, expanding economic activity in the region. Under the agreement, BLC Bank becomes an issuing bank as part of the IFC Global Trade Finance Programme, which supports trade with emerging markets […]

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Posted in Issue 03 May / June 2010, News Round, TradeComments (0)

Leading Indian bank opens in Dubai

21 July 2011

One of India’s leading banks this month opened its fi rst overseas branch in Dubai. IDBI, which will provide a full range of corporate banking services, including fi nancial advice and syndication of credit, has received a licence from the Dubai Financial Services Authority to operate from Dubai International Financial Centre (DIFC). “Th e setting […]

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Trade finance training go ahead

21 July 2011

A number of trade finance programmes backed by the Japanese government are currently being held in the MENA region. This follows on from an initiative by IFC, a member of the World Bank Group, which earlier this year held its first training seminar for Iraqi bankers, aimed at helping them improve their knowledge of trade […]

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Saudi diversifi cation ‘spot on’

21 July 2011

Saudi Arabia’s economic diversifi cation initiatives, one of the priorities listed in its fi ve-year development plan, has yielded positive results, Dr. Waleed Al-Wohaib, chief executive officer of the International Islamic Trade Finance Corporation (ITFC) – a member of the Islamic Development Bank Group – said in a speech before the first Saudi Conference for […]

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Posted in Issue 03 May / June 2010, News Round, TradeComments (0)

New ‘connections’ for Dubai Gold Exchange

21 July 2011

As part of ongoing eff orts to enhance connectivity, Dubai Gold & Commodities Exchange (DGCX) has approved FFastFill plc, a global provider of soft ware and services to the fi nancial community, as an independent soft ware vendor (ISV) on the exchange. FFastFill, quoted on the London Stock Exchange, develops and supports more than 80 […]

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Confidence rises in the Gulf

21 July 2011

Business confidence rose across almost all Gulf countries in the first quarter of 2010, according to the latest HSBC Gulf Business Confidence Index. Only Bahraini business people saw a slight dip in confidence. Compared to Q1 2009, the overall Business Confidence Index has risen by more than 20 points, indicating that the region’s business people […]

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China-Middle East trade set for fast growth

21 July 2011

China and the Middle East are likely to expand two-way capital flows rapidly in the coming years as investment catches up with recent fast growth in trade, the chief executive of Abu Dhabi financial services firm Invest AD recently told a conference in Shanghai. The next growth area will be two-way investment, with Abu Dhabi […]

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Posted in Issue 03 May / June 2010, News RoundComments (0)

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