Press Releases

DUBAI, December 18, 2013 – The Gulf Bond and Sukuk Association (GBSA), the trade association representing the Arabian Gulf fixed income market, has announced a new Chair of the association’s Steering Committee. The GBSA also announced the creation of a new working group to further promote project finance within the region, as well as the launch of dedicated national chapters …

December 17, 2013, New York – IFC, a member of the World Bank Group, and Standard Chartered Bank have signed a landmark risk sharing facility, which will increase the amount of Renminbi (RMB) denominated trade finance available to Chinese banks, as well as corporates and businesses in China and across Asia and other emerging markets involved in imports and exports …

Qatar Development Bank’s export development agency, TASDEER, announced on  11 December 2013 the conclusion of the Fourth “Aman Union” Annual Meeting which gathered representatives of export risks insurance sector. The meeting was held at Renaissance Doha City Center in Qatar, from 9 to 11 December 2013, and was attended by a number of Aman Union members, in addition to senior …

The 2nd Regional CFO Conference organized by Middle East CFO Alliance on 12th December, 2013 at Ritz Carlton was another huge success. With this event MECA has accomplished a prestigious milestone of successfully organizing four CFO Conferences within a record period of 12 months. More than 200 CFOs and Senior Finance Executives from organizations across the region representing multiple industries …

12 December 2013 Middle East’s best and brightest finance professionals recognised ICAEW Middle East Accountancy & Finance Excellence Awards names 2013 winners. The region’s best talent in accountancy and finance were celebrated last night at the third annual Middle East Accountancy & Finance Excellence Awards. The ceremony was held at the Ritz Carlton in Abu Dhabi under the patronage of …

During the 4th Annual Meeting of the AMAN UNION AMAN UNION Launches its Database 10 December 2013, Dr. Abdel Rahman El-Tayeb Taha, the Secretary General of the Aman Union, who is also the Chief Executive Officer of the Islamic Corporation for the insurance of Investment and Export Credit Insurance (ICIEC), and Mr. Abdulaziz Bin Nasser Al-Khalifa, Chief Executive Officer of …

BofA Merrill’s Trade Pro® Wins Award From Banking Technology Named Best Use of IT in Wholesale/Transaction Banking NEW YORK – Bank of America Merrill Lynch, a recognized leader in global treasury and trade solutions, today announced that its online portal Trade Pro®has been awarded “Best use of IT in Wholesale/Transaction Banking” in the Banking Technology magazine 2013 Awards. Launched in …

A two day conference in Radisson Blu Hotel, Riyadh on the 10th & 11th December saw the leading corporate & conglomerates meet the Banks and financial institutions for the first time under one platform to discuss the challenges, trends and booming potential of Trade Finance. With topics ranging from Macroeconomic view, Islamic Finance, commodity financing, Risk Management, liquidity issues to …

Qatar Development Bank hosts the 4th Annual Meeting of AMAN UNION meeting In the presence of more than 80 representatives from 20 countries Doha, Qatar; 8th December, 2013: Qatar Development Bank through its export arm ‘Tasdeer’ announced today that it will be hosting the 4th Annual AMAN Union Meeting for representatives of the risks insurance industry in Islamic and Arab …

Bahrain: 05 December 2012: The achievements, innovations, and excellence in the international Islamic banking and finance industry were recognised at the award ceremony held last night along the sidelines of the 20th Anniversary Special Edition of the World Islamic Banking Conference (WIBC 2013) at the Gulf Hotel in the Kingdom of Bahrain. The annual WIBC Awards, which are among the …

The 20th Anniversary Special Edition of the World Islamic Banking Conference (WIBC 2013) to open on the 3rd of December with a pre-conference seminar hosted by the International Islamic Financial Market (IIFM) 2013 to feature the most powerful line-up of speakers ever at WIBC including H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain; H.E. Dr. Mohammad Y. Al-Hashel, …

DUBAI – 26 NOVEMBER 2013 — The Capital Finance International (CPI) 2013 award to Euler Hermes GCC as the “Best Credit Insurance Services and Solutions Provider in the Middle East” recognizes the company’s profitable regional growth, particularly in the UAE, Qatar and Saudi Arabia. The judges particularly noted the customer service quality which led to a higher retention rate than that of competitors. Massimo …

Standard Chartered Bank launches operations in Iraq Nuri Al Maliki, Prime Minister Iraq inaugurates Bank’s Iraq head office and first branch in Baghdad Highlights: Nuri Al Maliki, Prime Minister of Iraq inaugurates the Bank’s head office and first branch in Baghdad First international bank to establish full-fledged on-the-ground operation in Iraq Bank will open a branch in Erbil in December …

Al Hilal Bank receives Payment Card Industry Data Security Standard (PCI-DSS) certification Global information security standard attests to bank’s exceptional payment card data protection capabilities November 24, 2013 Al Hilal Bank, a progressive Islamic bank, has announced that it has been certified under the international Payment Card Industry Data Security Standard (PCI-DSS). This assures customers that the bank has world-class …

London, 22 November 2013  The Global Transaction Banking division at Societe Generale has been awarded ‘Best Bank for Innovation’ and ‘Best Bank for Risk Management’ in Eastern Europe in this year’s TMI Awards for Innovation & Excellence in Treasury Management. The Banking Innovation Award, a new category for 2013, recognises the high quality solution and customer service the Cash Management …

Volante Technologies launches ‘T2S Accelerator’   Designed to help the adoption of T2S ISO 20022 compliant XML message standards for all participants in the post-trade securities space. NEW YORK, LONDON, DUBAI, MEXICO CITY, 21 November 2013 – Volante Technologies, a global leader in the provision of innovative financial data Integration, today launched its TARGET2 Securities (T2S) Accelerator. The T2S Accelerator …