Press Releases

Detailed system specifications for the Company’s pan-European real-time infrastructure solution will become available over the summer EBA CLEARING today provided a sneak preview of the system design, functionality and interface specifications for its future pan-European instant payment platform to a wide audience of payment practitioners and stakeholders at the industry conference EBAday in Milan. The pan-European payments infrastructure provider shared …

The widespread use of intransparent FX rates is creating an unchallenged source of increased operational costs, while lack of clarity around them obscures such costs. Dieter Stynen, Global Transaction Banking FX, Deutsche Bank, sheds light on how such transparency gaps appear and explores how corporates can minimise FX costs As the Middle East aims to improve growth trajectories and become …

e-Dirham system receives international certification of compliance in data security e-Dirham facilitates more than 80 million transactions since launch of 2nd generation services Abu Dhabi, UAE, May 21, 2016: The e-Dirham system, launched and managed by the Ministry of Finance (MoF) in partnership with the National Bank of Abu Dhabi, recently received the Certification of Compliance in Payment Card Industry …

Top bankers from across the region came together at iGTB’s second annual client advisory event in Dubai, to discuss transaction banking throughout the Middle East and to address issues arising from the low oil price, drop in confidence, increased competition and heightened need for technological innovation Following a highly unusual year for the Middle East, characterised by prolonged low oil …

Press Release: May 19, 2016 JAKARTA — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IDBG), managed to register sustained growth in its insurance operations for the year 1436H (2015G) in spite of strenuous worldwide conditions. The Board of Governors of ICIEC held its 23rd meeting in Jakarta, Indonesia …

Press Release: May 19, 2016    JAKARTA — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IDBG), and PT Asuransi Asei Indonesia (“Asuransi Asei”) signed an Agency Agreement on the sidelines of the IDB Group’s 41st Annual Meeting, which was held in Jakarta, Indonesia. The Agency Agreement will enable …

PRESS RELEASE: May 19, 2016 JEDDAH — Moody’s Investors Service, a leading international provider of credit ratings, research, and risk analysis, has once again affirmed the Aa3 Insurance Financial Strength Rating (IFSR) of ICIEC for the 9th year in a row. The rating outlook remains stable. Moody’s said the rating affirmation reflects ICIEC’s stand-alone fundamentals as well as the potential …

Press Release 20 April 2016 Falcon Group has partnered with Aptec, an Ingram Micro (NYSE:IM) company, allowing the company to offer extended payment terms to its resellers, above and beyond its current payment period – creating differential advantage in the GCC region. Addressing the demands across the marketplace, this unique arrangement is aimed at improving liquidity within the distribution channel, …

MENA countries have the opportunity to double or triple adoption of digital payments, says Booz Allen Hamilton report Currently, only 6% of retail payments by volume in Bahrain are made digitally, compared with 42% in the UK and 75% in Sweden Banks need to evolve in line with changing consumer needs to stay relevant BAHRAIN – Manama, April 11 2016 …

Friday 8th April 2016, 02:12pm London, United Kingdom The 2016 London Sukuk Summit which will be celebrating its 10th Anniversary year on the 25th – 26th of May at the Jumeirah Carlton Tower in Knightsbridge, London. Confirmed speakers for this year’s key sessions include: * Professor Datuk Rifaat Ahmed Abdel Karim – Chief Executive Officer, International Islamic Liquidity Management Corporation …

Doha, Qatar, April 06, 2016: (ME NewsWire)  QNB Group, a leading bank in the Middle East and Africa, announced its results for the three months ended 31 March 2016. For the first three months of 2016, Net Profit was QAR2.9 billion, (USD 787 million) up by 7.1% compared to last year. The Group’s prudent cost control policy and strong revenue …

Fourth Consecutive Year of Sponsorship NEW YORK – Bank of America Merrill Lynch’s Global Transaction Services (GTS) business is once again proud to announce its sponsorship of the Latin Trade CFO Forums for 2016. The series gathers CFOs, finance directors and treasurers from various industries in Latin America for the opportunity to share knowledge and experiences across domestic and international …

Event organized in cooperation with Foreign Exchange & Remittance Group to focus on critical money laundering issues today April 05, 2016 – EastNets, a leading global provider of compliance, payments and cloud solutions for the financial services industry, is holding a conference today (April 5th 2016) for exchange houses in the UAE to help them in their regulatory compliance and …

31 May – 1 June Dubai International Convention & Exhibition Centre, Dubai The largest smart card, payments & identification event in the eastern hemisphere Cards & Payments Middle East attracts over 10,000 attendees from across the Middle East, India, Central Asia and North Africa. Cards & Payments Middle East is the go to event for banks, retailers, government, enterprise and …