Press Releases

MANAMA, BAHRAIN – Wednesday June 11, 2014: BIBF and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) hosted a lively discussion on new Sharia Standards and Bahrain’s position as a global leader in Islamic Finance on Wednesday (June 11) at the BIBF premises in Juffair. Panelists for the event included Mr. Khalid Hamad, Executive Director – Banking Supervision at …

JUNE 2014 Trade receivables securitisation on consistent growth trajectory, reveals new research from Demica The stable performance of trade receivables securitisation (“TRS”) through the volatility of recent years has made it an increasingly important alternative funding source for corporates as well as a favoured corporate financing technique for banks, according to the latest research from working capital specialist Demica. Conducted …

NBAD to Expand Global Markets E-Commerce Services  E- Trading dominates 60% of the $5.3 trillion foreign exchange spot market Abu Dhabi (June 3rd, 2014) – The National Bank of Abu Dhabi (NBAD) has partnered  with Celer Technologies to develop Global Markets E-Commerce applications to offer its global clients a range of electronic trading capabilities for foreign exchange (FX) and other …

Improving International Scale and Connectivity Vital for the Future Growth of Islamic Finance Industry  More than 530 Islamic finance leaders attended the high profile opening of the 5th Annual World Islamic Banking Conference: Asia Summit, officially supported by the Monetary Authority of Singapore, to capitalise on increasing trade and investment flows between the Middle East and Asia. Singapore, 3rd June …

Al Hilal Bank deploys award-winning Finacle e-banking solution Next-generation online banking tools from Infosys enhance corporate client experience  June 1, 2014 Al Hilal Bank, one of the fastest-growing banks in the UAE, has announced that it has successfully implemented the award-winning Finacle Corporate e-Banking solution from their technology partner, Infosys. The new solution enables Al Hilal to provide a full …

Dubai, 26 May, 2014: Visa, one of the world’s largest retail electronic payments networks, has partnered with Baizat, a UAE-based provider of financial consulting services, to deliver a series of comprehensive financial literacy workshops in the UAE. The program aims to provide people of all ages and professions in the UAE with the tools to become financially independent and spend, …

Abu Dhabi (May 22, 2014) – The Business Continuity Institute (BCI) Middle East Awards named the National Bank of Abu Dhabi (NBAD) as the BCM Team of the Year 2014. BCI Middle East Awards recognises outstanding contribution of business continuity professionals and organisations in the Middle East. As the winner of the BCM Team of the Year 2014, NBAD automatically …

Deutsche Post DHL study presents four global future scenarios E-commerce share on overall trade volume of developed countries to reach up to 40 percent by 2025, in emerging markets up to 30 percent Jürgen Gerdes, CEO Post – eCommerce – Parcel: “Retail worldwide is rapidly evolving and we as a logistics company are one of the drivers of this change …

NBAD CEO Highlights Abu Dhabi Investment Opportunities Alex Thursby to deliver keynote presentation at ADIF in London Tomorrow Abu Dhabi/London (May 20, 2014) – The National Bank of Abu Dhabi’s (NBAD) Group Chief Executive Officer, Alex Thursby will present Abu Dhabi’s strategic advantages as a conduit and enabler of trade and commerce across a rising ‘Super Region’ stretching from West …

The Middle East is recognised as one of the world’s fastest growing regions in the field of internal audit and as leading audit professionals, technical skills remain absolutely necessary but they are no longer sufficient on their own. Mounting pressures and expectation on you will open up doors to both opportunities and obstacles. In collaboration with the UAE Internal Audit …

May 16, 2014 BofA Merrill GTS Participates in Shanghai FTZ USD Pilot Program TRW Automotive Mandates BofA Merrill for USD Cross-border Cash Management Solution in the Shanghai FTZ. SHANGHAI – Bank of America Merrill Lynch Global Transaction Services (GTS) today began its participation in the Shanghai Free Trade Zone (FTZ) USD cash management pilot program with U.S.-based TRW Automotive (TRW) …

Standard Chartered scores double win at Smart Cards & Payments Award Middle East 2014 Bank wins ‘Best Credit Card’ and ‘Best Premium Card’ in the Middle East awards Dubai, United Arab Emirates, 15 May 2014 – Standard Chartered won the ‘Best Credit Card’ and ‘Best Premium Card’ awards at the Smart Cards & Payments Awards Middle East, which was held …

MasterCard opens Processing Center in the UAE New center will bring agility, scalability and reliability to partners Dubai, United Arab Emirates, 14 May 2014:MasterCard today announced it will provide integrated processing services to customers across the Middle East and North Africa (MENA) through an end-to-end, multi-brand cards and payments processing center located in the UAE. The center will help customers …

Islamic Investments Industry Looks to Attract New International Investors and Capital Market Issuers More than 400 international Islamic funds and investment leaders to gather at the 10th Anniversary World Islamic Funds and Financial Markets Conference to Discuss New Strategies on Building Scale and Broadening Horizons of Islamic Investment. Manama, Kingdom of Bahrain: 07 May 2014: More than 400 key players, regulators and …

NBAD Wins Three Coveted Accolades  Best in Cash Management, Corporate Advisory, and Equity Funds Abu Dhabi (May 11th, 2014) – The National Bank of Abu Dhabi (NBAD) has won three prestigious awards: Best Cash Management, Best Corporate Advisory, and Best GCC Equity Fund at the Banker Middle East Product Awards 2014. This independent recognition reflects NBAD’s excellence across different products …

May 2014 Sarah M. Gannon joins working capital solutions specialist Demica as Director Business Development Working capital solutions specialist Demica has announced the new appointment of Sarah M. Gannon as Director Business Development. Sarah, who reports directly to Demica’s CEO Phillip Kerle, is responsible for establishing key customer relationships with financial institutions, private equity firms and large corporates across the …