Press Releases

mashreq continues to invest in their transaction banking offering. Rahul Jayakar Head mashreq’s Global Transaction Services, products and Trade, shares the bank’s philosophy and ideology to Cash & Trade. 1.What are the main challenges facing the UAE corporate CFOs when it comes to their cash and trade requirements, and where do you see Mashreq tackling these challenges from both product …

  More than 200 delegates and exhibitors will represent the Arab community at Sibos 2016 to discuss the future of the financial services with industry peers from around the world Dubai, 29 August 2016 – SWIFT, a member-owned cooperative and global provider of secure financial messaging services, announces today that more than 200 delegates and exhibitors from the Arab region …

August 28, 2016 Smart phone application delivers insights into UK’s real estate, education and international banking Dubai, United Arab Emirates: Barclays announced today the launch of its most recent smartphone application titled ‘Unlock Britain’, an engaging experience that offers users in the United Arab Emirates valuable insights into the United Kingdom’s property market, educational system and international banking. Available for …

Consumers across Lebanon to benefit from merchants accepting contactless and mobile transactions at checkout Dubai, United Arab Emirates (August 17, 2016) – Lebanon is emerging as one of the Middle East’s leading markets introducing innovative cashless payment solutions. As part of the country’s retail infrastructure upgrade, Verifone (NYSE: PAY), a world leader in payments and commerce solutions and Bank Audi, Lebanon’s …

Jeddah, Saudi Arabia – The International Islamic Trade Finance Corporation (ITFC), and the Islamic Corporation for the Development of the Private Sector, members of the Islamic Development Bank (IDB) Group signed a Cooperation Framework Agreement on Monday 15 August 2016, in the Headquarters in Jeddah. The Agreement aims at enabling Nouadhibou Free Zone Authority (NFZA) to adopt international practices in …

Souqalmal.com car insurance sales grow 400% since launch 10 August 2016 Dubai, United Arab Emirates Souqalmal.com, who announced the launch of its online end-to-end car insurance comparison platform across the UAE in June, has since become the fastest growing online retail car insurance portal in terms of sales. The site hosts the largest number of insurance providers offering consumers the …

Jakarta, Indonesia – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, in collaboration with the Indonesian Coffee Exporters and Industries Association (AICE) embarked on an innovative financing and trade development program to model a transformation change in the whole Indonesian Coffee Supply Chain. This program was launched on the sideline of the …

ČSOB clients are able to pay for their shopping by smartphone using both MasterCard and VISA circuits Thanks to SIA’s infrastructure, cards can be virtualized through Host Card Emulation (HCE) technology which stores data in total security By the end of 2016, the new mobile app “NaNákupy” will allow payments on Internet, card management, transaction history viewing and sharing of …

Mumbai July 27, 2016: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm, announced that Forrester Research cited TCS BaNCS as a leader in The Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2016. The report, authored by Jost Hoppermann, along with Christopher Andrews and Joseph Miller, covered TCS BaNCS along with eight …

27th July 2016 Payment service providers across Europe are now able to prepare for connecting to this new real-time infrastructure platform from as early as November 2017 EBA CLEARING today made available the specifications for its future pan- European instant payment solution scheduled to go live in November 2017. This initial set of detailed documentation, which covers the functional description …

Global cross-border M&A activity dropped 33% in Q2 2016 compared to Q2 2015, while Middle East M&A remains steady Chinese bidders continued to drive deal values in Q2 2016, with a renewed interest in the mining sector UAE dominates both inbound and outbound Middle East M&A Inbound Middle East M&A volume and value increased from Q1 2016 Dubai, UAE, 24 …

Unique investment opportunity seeking to acquire 15 VLCCs Riyadh – Saudi Arabia, July 18, 2016: The Arab Petroleum Investments Corporation (APICORP) and The National Shipping Company of Saudi Arabia (Bahri) announced the launch of a landmark shipping fund. An agreement to establish the APICORP Bahri Oil Shipping Fund (ABOSF) between APICORP and Bahri was formally signed at a ceremony held …

QnA International hosts 4th annual Saudi Trade Finance Summit in Jeddah Jeddah, 27thJune, 2016 –The upcoming 4thAnnual 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 Summit is …

The emerging markets are hotbeds for growing businesses. Will Nagle, CEO, and Nam Sahasra, Regional Head, UAE, at specialist financier Falcon Group, discuss the opportunities and challenges presented by emerging markets – particularly the Middle East – and the role specialist financiers can play in aiding expansion Gone are the days when the US, EU, and Japan accounted for 70% …

Misys and Habib Bank recognised by Celent for integrated corporate banking platform Celent’s Model Bank program recognises innovation and transformation Habib Bank targets 65% growth in corporate banking business Dubai, 19 June 2016 – Misys has been recognised for its work with Habib Bank Limited (HBL) in the cash management and trade finance category of the 2016 Celent Model Bank …

June 2016 Could debt forgiveness be the interim solution for the world’s economic malaise? By Steve Brice, Chief Investment Strategist, Wealth Management, Standard Chartered There is a growing perception that monetary policy is losing its power to solve the world’s economic problems. This may be misleading. What is probably true is that incremental policy easing is experiencing diminishing – and, …