2010

In an exclusive interview for Cash & Trade Zaki M. Jawad, Saudi Hollandi Bank’s Head of Transaction Banking Group explains why he believes there is tremendous growth potential for trade business in the kingdom. This must be an opportune time to be a banker in Saudi Arabia, which has been protected from the worst effects of the global downturn, and …

By Krishnakumar Duraiswam y, Director -Transaction Banking , Regional Trade Product Management Standard Chartered Bank Many businesses have cash flow that varies considerably. A business might have a relatively large cash flow in one period, and a relatively small one in another. Because of this, firms find it necessary to maintain a cash balance on hand, and to use working …

The integration model between banks and their corporate customers is an ever expanding process By Maki Vekinis – Cash Managment Matters (CMM ) Managing Partner The rise of enterprise resource planning systems (ERPs) in the GCC, and in Saudi Arabian markets in particular, are well recorded. ERPs have proved to be one of the key components in effective business management …

A survey of banks in the region reveals the growing importance of the corporate segment to the fortunes of the banking sector as the search widens for new areas of profit By Caroline Maginn – CMM Trade partner How important to the region’s banks is the corporate banking segment?  In both the absolute and percentage levels of corporate assets, the …

Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems company (NASDA Q:NI CE), today announced that Renaissance Capital, a major emerging markets investment bank, has fully implemented its Anti-Money Laundering (AML) and market abuse solutions to comply with strict FSA and Russian regulations and to automate, streamline and drive down the …

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced a new partnership with EastNets, a leading provider of global compliance and payments solutions and services, and one of the world’s largest SWIFT Service Bureau’s. EastNets, which has more than 1,000 customers and over 250 financial institutions on its Service Bureau, will act as a distributor for TLM OnDemand, offering …

In an update to its April economic Outlook, the international Monetary Fund (iMF) has lowered its Middle east growth forecast for 2009 by half a percentage point, as oil exporters draw on financial reserves to prop up domestic demand. The IMF has said that Middle East economies will expand by 2%, compared with 5.2% in 2008, while the growth forecast …

Keeping you up-to-date with the latest developments in the region and further afield    1.Saudi Arabia MoneyGram expands Middle  East presence with NCB ATM  remittance deal National Commercial Bank (NCB), the  largest bank in the Middle East, is to offer MoneyGram’s international money  transfer service at 1400 aTM locations  in Saudi Arabia. The agreement significantly expands  MoneyGram’s presence in the …

Dear Reader, Responding to huge demand, we are proud to launch the region’s first home-grown publication to focus on cash management and trade. During these turbulent times, we believe an independent analysis of these core business activities and market developments is crucial to both national and multinational corporations as well as the international banking and legal professions. By interrogating developments …