Press Releases

96% of delegates are considering launching a prepaid mobile payment product into the market Manama, 9th April 2012: Visa, one of the world’s leading payment solutions providers, has highlighted the level of innovation in the Middle East prepaid market following the annual Prepaid Summit: Middle East 2012. The event reinforces prepaid products as one of the most exciting categories in …

Bank to move staff to new building in December 2012 UAE – 8 April, 2012 – Standard Chartered today held a ‘Top Out’ ceremony to celebrate completion of construction of its new UAE headquarters in Downtown Dubai, adjacent to Emaar Square. The ceremony was attended by Jonathan Morris, CEO, Standard Chartered UAE and senior managers from the Bank. Construction started …

04 APRIL 2012 ICIEC’s BOG Approves 1432H Results ICIEC provides more than US$ 3billion in Export Credit Insurance to Member Countries The Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of Islamic Development Bank (IDB) Group, approved in its 19th Annual Meeting, held today in Khartoum, Republic of Sudan, the Annual …

Bank announced its Alternative Fund Services business received the ‘Best Administrator – Managed Account Services’ award at HFMWeek magazine’s European Hedge Fund Services Awards Event which was held in London on March 28, 2012. HFMWeek’s European Hedge Fund Services Awards are designed to recognize companies that have outperformed their peer group over the course of 2011. The awards recognize institutions …

SunGard Identifies Ten Trends Influencing the Banking Industry for 2012 and Beyond Singapore, March 22, 2012 –  David Hamilton, president of SunGard’s banking business, said, “For many banks, the question has not been ‘how do I succeed’ but ‘how do I survive’. Fundamentally, the global banking model has shifted and a transformation is occurring in how money is being managed as …

The Asset recognizes the Bank’s Transaction Banking capabilities in the Middle East UAE – 24 March, 2012- Standard Chartered announced today that it won two prestigious Transaction Banking Awards by The Asset Magazine. At The Asset Triple A Transaction Banking Awards 2012, Standard Chartered was named ‘Best Treasury and Cash Management Bank’ and ‘Best Working Capital Trade Finance Bank’ in …

16 March 2012 Lloyds Bank Appoints Andrew England as Head of Transaction Banking London – Lloyds Bank Wholesale Banking and Markets has appointed Andrew England as Head of Transaction Banking. England will report to Andrew Géczy, CEO of Wholesale Banking and Markets. Under England’s leadership, the Transaction Banking team will continue to build upon the Bank’s successful transaction banking proposition …

The 2nd Annual Middle East Islamic Finance and Investment Conference (MEIFIC 2012) to gather more than 250 Islamic finance industry leaders in Dubai this April for critical discussions on mapping a new growth path for the regional Islamic finance and investments industry. Dubai, United Arab Emirates: 20th March 2012: The Islamic finance industry is becoming one of the fastest growing …

March 18, 2012 Al Ansari Exchange, the UAE’s largest exchange house network that provides worldwide remittance and foreign exchange services, has announced a new partnership with Islamic Finance House (IFH) across its branches whereby IFH will issue labour guarantees for companies. Under the partnership, Al Ansari Exchange will offer exceptional value to commercial establishments and a more convenient and cost-effective …

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IDB), signed a Framework agreement for cooperation with the Government of Arab Republic of Egypt. This agreement aims to finance the Egyptian General Petroleum Corporation (EGPC) and the General Authority of Supply Commodities (GASC) an amount of US$ 400 million annually for three years. The …

UAE – March 8, 2012 – Standard Chartered has won 11 awards in the EMEA Finance Achievement Awards 2011, the fifth straight year that the bank has been a recipient of multiple awards from EMEA Finance. Standard Chartered Bank will be feted during EMEA Finance’s fifth annual Achievement Awards Charity Dinner on June 21, 2012 in London. In the Sovereigns …

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 …