Issues

MUSHTAK PARKER reports on 
a ‘man with a mission’, whose aim is to promote arbitration Sundra Rajoo is a man with a mission. As director of the Kuala Lumpur Regional Centre for Arbitration (KLRCA) he has been mandated by Bank Negara Malaysia, the central bank, to promote arbitration in Islamic finance both in the region and beyond. Consistent with the …

Optimum liquidity and working-capital management is crucial to the long and short-term success of any commercial enterprise. However, it is dependent on businesses being prepared for all eventualities. MICHAEL BURKIE discusses why corporates must plan for even the most unlikely market disruption scenarios, as well as how local and regional banks can help their corporate clients to be prepared Funding …

Although this has been a difficult year for Bahrain, its banking industry has gone to great lengths to maintain reliable and competitive service. As PAUL MELLY reports, the country has commerce weaved into its culture. Lacking the oil and gas wealth of its neighbours, save in modest quantities, Bahrain has had to build its modern prosperity through industry and, above …

Tajara Monitor is in the process of broadening its coverage to include the other GCC countries in addition to the KSA, which CMM has published now for two years. In this edition, we look at some of the UAE Tajara findings in relation to trade finance. The UAE is the second biggest trading nation within the GCC. The 2010 report …

In the wake of the financial crisis, companies in the Middle East are starting to look at ways to streamline their business processes. Treasurers have various tools at their disposal for building efficient liquidity management processes. However, there are challenges that need to be overcome to achieve maximum visibility and mobility of funds. Treasurers need to select cash management providers …

Dear Reader, It’s always a pleasure for a magazine to say that it has an exclusive. So it’s a double pleasure for us to announce that in this issue we have two! The first is an interview with Dr Abdul Rahman El Tayeb Ali Taha, head of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). As …

  New financial services upgrades are aimed at turning Doha into a major business centre. PAUL MELLY reports on theconsiderable progress being made Ambition is never lacking in Qatar. This is a country that has sought to carve out its own specialist niche in the Gulf financial market, undeterred by the competitive challenge presented by more established hubs such as …

Middle Eastern corporates’ growing demand for structured financing, coupled with pressure on local banks to compete more effectively with their global counterparts, is spearheading the adoption of modern-day, automated trade finance solutions across the region. LIZ SALECKA reports   A number of local banks are responding to their corporate customers’ needs by investing in new platforms that provideonline access to …

Trade finance and corporate banking in the KSA closed 2010 on a very positive note and are both poised for further growth in 2011, comments CAROLINE MAGINN, trade partner at CMM   The Tajara Monitor Full Year report revealed that in 2010 Riyad Bank narrowly held on to its lead position but is now challenged by a resurgent national Commercial Bank, whilst …

Corporates and banks in the Middle East face a variety of challenges when it comes to both cash management and trade fi nance. Here, Asif Raza, Vivek Anand, Farrukh Siddiqui and Ali Moosa explain to LIZ SALECKA how J.P. Morgan is helping its corporate and fi nancial institution clients to overcome these challenges and detail some of the bank’s latest …

The Islamic Corporation for the Insurance of Investment and Export Credit has boosted its business enormously thanks in the main to its academic-cum-economist chief executive officer. MUSHTAK PARKER speaks exclusively to Dr Abdul Rahman El Tayeb Ali Taha The Islamic Corporation for the Insurance of Investment and export Credit (ICIEC) has never had it so good. as the only multilateral …

Kuwaiti-based GNL has become ‘the world’s first Shariah-compliant insurance broker offering premium takaful and re-takaful commercial risk solutions in the UK capital’. In this exclusive report, MUSHTAK PARKER charts the background and reveals the future Can you imagine a priest or rabbi encouraging a financial institution to engineer a specific product to fill the need of a potentially huge gap …

The Saudi British Bank (SABB) has been named the “Most active Confirming Bank in the Middle East & North Africa and supporter of sMe Trade” by the World Bank’s International Finance Corporation (IFC) for the second consecutive year. This award is unique, as the recognition is based purely on the actual business generated along with the nature and number of …

J.P. Morgan has launched a full range of trade finance products – including those concerned with documents, guarantees and structured export and import finance trade – through the J P Morgan Chase Bank Riyadh branch. This will help Saudi-based companies trading internationally and global MNCs to deliver their business in Saudi Arabia. The Saudi Arabia-based trade finance capabilities extend J.P. …

Dubai Trade and dubai Islamic Bank (dIB) has signed an agreement to integrate the banks’ direct debit services with the portal’s e-payment gateway rosoom. Th e partnership will enable supply chain companies using dubai Trade portal to access their dIB accounts online and execute monetary transactions seamlessly. Rosoom, the e-payment gateway for the online services of dP World, Jafza and …