Press Releases

DUBAI, United Arab Emirates, Oct. 25, 2016 – (ME NewsWire): IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business announced a record-breaking growth of its flagship certification, the CMA® (Certified Management Accountant) credential in fiscal year (FY) 2016, ending June 30. The premier global management accounting certification reached a milestone of 50,000 holders since the …

By Cihat Takunyaci, Managing Director, Country Manager for Turkey, BNY Mellon and Margaret Guevara, BNY Mellon Treasury Services’ Head of Sales and Relationship Management for Mexico and Central America Efforts to increase trade between Turkey and Mexico are gathering momentum – a trend fuelled by the global financial crisis. Indeed, the particularly detrimental effect of the crisis on their more …

Key regulators from leading markets all set to discuss important breakthroughs in the Islamic finance industry at WIBC 2016 Manama, Bahrain, 17 October 2016: The 23rd edition of the World Islamic Banking Conference (WIBC) will see a global participation with leaders from different regions across the world. The conference held in strategic partnership with the Central Bank of Bahrain will …

Unique partnership offers Bank credit cardholders cashback for Uber rides in the UAE and across the world 12 October 2016, [UAE] – Standard Chartered Bank and Uber announced today a partnership that offers all Standard Chartered credit cardholders in the United Arab Emirates up to 20 per cent cashback for all Uber rides globally. Collaborating with Uber is part of …

Establishment of Emirates Trade Bank, a significant step towards transformation of Dubai as the Capital of Islamic Economy   Dubai, 12 October 2016: The Dubai Islamic Economy Development Centre (DIEDC) is supportive of the initiative from the Department of Economic Development (DED) in Dubai to launch Emirates Trade Bank. His Highness, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown …

TUNIS — The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, enters into a strategic framework agreement with the Government of Tunisia on Tuesday (Oct. 4) on the sidelines of the two-day MENA-OECD Ministerial Conference that opened Monday at Hotel Le Palace Gammarth in Tunis, Tunisia. The agreement was signed by Eng. Hani Salem …

Tuesday, October 4, 2016 TUNIS — The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, enters into a strategic framework agreement with the Government of Tunisia on Tuesday (Oct. 4) on the sidelines of the two-day MENA-OECD Ministerial Conference that opened Monday at Hotel Le Palace Gammarth in Tunis, Tunisia. The agreement was signed …

29 September, 2016 LONDON – Bank of America Merrill Lynch has received three accolades across Foreign Exchange (FX) and Global Transaction Services (GTS) in EMEA Finance magazine’s Treasury Services Awards 2016. The awards, which were presented during a ceremony at Sibos in Geneva, are: Best Bank for Foreign Exchange Services in EMEA (fifth consecutive year). Best Bank for Foreign Exchange …

Thursday, September 29, 2016 Eng. Hani Salem Sonbol, CEO discusses areas of cooperation with WTO and the future of trade with Roberto Azevêdo, Director General, WTO Geneva, Switzerland – On the sidelines of the WTO Public Forum, a meeting was held between Eng. Hani Salem Sonbol, CEO ITFC and the World Trade Organization (WTO), represented by Roberto Azevêdo, Director General, …

29 September, 2016, Dubai – Standard Chartered Bank (China) Co. Ltd (“SCB China”) announced the successful launch of direct trading business for RMB/AED and RMB/SAR and the bank becomes the first batch of direct trading market-makers for RMB against AED and SAR in China’s inter-bank FX market. Sami Mahfouz, Head of Financial Markets UAE, said, “Standard Chartered has a broad …

Press Release: October 02, 2016  JAKARTA — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IDBG), is endowed with the acclaimed “Global Islamic Export Credit and Political Insurance Award 2016” in the annual Global Islamic Finance Awards (GIFA) ceremony held here (Jakarta) on September 29, 2016 under the …

Global banks prepare for gpi go-live in early 2017 Sibos – Geneva, 28 September 2016 – SWIFT announces today it has successfully completed the first phase of the global payments innovation (gpi) initiative pilot, clearing the way for the go-live of the service in early 2017. During the pilot, 15 global banks representing more than 30 percent of cross-border payments …

QnA International hosts 4th annual Saudi Trade Finance Summit in Jeddah Dubai/Jeddah, __ September, 2016 –The upcoming 4th Annual Saudi Trade Finance (STF) Summit, organized by Dubai based QnA International has cemented its position as the premier gathering to discuss financial regulations, strategies and services development and trends shaping the economy and the business landscape in the Kingdom. The STF …

Paris, 21st September 2016 EBA CLEARING witnesses continued strong growth in support for pan-European real-time payment platform Close to 80 financial institutions are currently planning to join the Company’s future instant payment service in 2017 or 2018 EBA CLEARING continues to register a strong growth in the number of payment service providers (PSPs) confirming their interest in the Company’s pan-European …

Banks: the engine room driving digital change The rise of financial technology or “fintech” companies has sparked unprecedented levels of digital innovation, resulting in huge change, especially in the retail transaction space. While developments have been less prominent in the corporate sector – and particularly elusive in the trade finance sphere – that is set to change. BNY Mellon’s Anthony …