Press Releases

MoU to support the financing of high priority contracts between GE and the Iraqi government, through partnering with TBI and Standard Chartered Bank as a key stakeholder to accelerate the implementation The first and largest of its kind, bespoke transaction executed for Iraq Earlier financing MoU between GE, TBI and Standard Chartered Bank had helped deliver and secure more than …

The event will explore recent developments in financial crime compliance, the impact of global regulations on the UAE, cyber-security and FinTech innovation Dubai, 29 November 2016 – SWIFT, a global provider of secure financial messaging services, announces today that it is hosting its UAE Business Forum in Abu Dhabi on December 7th. Senior representatives from the UAE’s banking and financial …

Istanbul, Turkey – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group signed a Memorandum of Understanding (MoU) with KOSGEB (SME Development and Support Agency of Turkey), to enhance cooperation and coordination in trade finance for the development of SMEs. The signing ceremony took place during the 32nd Session of the COMCEC in …

PayExpo MENA 2016, 5-7 December, Intercontinental Festival City, Dubai Dubai, 27/11/2016 – International Chamber of Commerce (ICC-UAE) will welcome over 1000 global FinTech experts coming to Dubai to discuss the revolutionary changes in the Payments industry.  ICC-UAE has announced partnership with PayExpo MENA, a two day summit which will focus on the innovations in the payments sector. With a UAE …

SWIFT RMB Tracker shows the euro is now the second-most-active currency for trade finance, whilst the RMB slips to position number three Brussels, 23 November 2016 – Since the launch of the first SWIFT RMB Tracker in November 2011, the RMB has shown stellar growth for payments, whilst RMB usage by value in traditional trade finance – letters of credit …

The Bank also won The World’s Best Consumer Digital Bank by Global Finance for the sixth consecutive year Dubai: 20 November 2016 – Standard Chartered Bank has been named The Best Regional Consumer Digital Bank for Middle East & Africa by Global Finance for the fifth consecutive year. The announcement of the win came at the Global Finance Digital Bank …

Establishment of the first Islamic financial institution at  Abu Dhabi Global Market Abu Dhabi– 20 November 2016: Abu Dhabi Financial Group (ADFG) and GFH Financial Group (GFH) today announced the appointment of Mr. Talal Al Zain as the Chief Executive Officer of the newly established ADCorp, the first Islamic financial institution at the Abu Dhabi Global Market (ADGM). ADCorp is …

Press Release | November 15, 2016 Marrakech — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), as a multilateral credit and political risk insurance corporation, plays a catalytic role in facilitating Renewable Energy projects in its member countries. On the margins of COP22, which took place in Marrakech, Morocco, on November 15, 2016, ICIEC organized a …

  The first ever Latin American Business Forum in the United Arab Emirates is taking place to explore how nations in the two regions can continue to grow business and revenue between each other. The two day Global Business Forum – Latin America is taking place in Dubai with more than 500 prominent stakeholders taking part including heads of state, …

Global Investor/ISF recognises Bank’s excellence in Custody & Clearing Services 14 November 2016, Dubai UAE – Standard Chartered has been awarded the ‘Best Regional Sub-Custodian of the year’ by world-renowned financial publication, Global Investor/ISF. The results were announced at the MENA Capital Markets Summit held recently in Dubai. Global Investor/ISF MENA Awards are considered the most prestigious in the financial …

The innovative benchmark for the Islamic banking industry returns back for its second edition after a successful inauguration in 2015. Manama, Kingdom of Bahrain, 13 November 2016: After a very successful introduction of the first of its kind assessment tool for Islamic banks in 2015, WIBC 2016 is set to continue its efforts to enhance the performance and quality of …

Sunday, November 13, 2016 Senegal – With the objective of supporting strategic sectors, the International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group signed a Syndicated Murabaha Financing for USD 75 Million (CFA Franc 45 billion), in favor of the Government of Senegal, with SONACOS as executing agency. The financing is a major step for …

Thursday, November 10, 2016 Seminar on “International Trade And Climate Change” Organized by ITFC and the Islamic Development Bank (IDB) on the Sidelines of the COP22 United Nations Climate Change In Marrakech Marrakech – Morocco, Under the theme of climate change and its impact on trade, the International Islamic Trade Finance Corporation (ITFC) and the Islamic Development Bank (IDB) in …

LISBON, 26 October 2016 – The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Korea Trade Insurance Corporation (K-sure) have signed a reinsurance agreement aimed at expanding mutual business opportunities. Under the agreement, ICIEC will reinsure commercial and political risks related to medium/long term export credit transactions, which involve Korean exporters and contractors selling capital …

Event held under auspices of Ministry of Economy in cooperation with Federal Customs Authority Abu Dhabi, October 31, 2016 The 7th Global Trade Development Week kicked off today (Monday, October 31, 2016) and will run for three days until November 2 at the Jumeirah Emirates Towers Hotel in Dubai under the patronage of the Ministry of Economy in partnership with …

SWIFT’s latest RMB Tracker shows that 57 countries have crossed the 10% RMB threshold Brussels, 27 October 2016 – The latest RMB Tracker shows that during the last two years (October 2014 – September 2016), seven new countries are now using the RMB for more than 10% of their direct payments by value with China and Hong Kong, bringing the …