Press Releases

Bank recognized by Visa for exclusive ‘Go4it’ credit card that makes travel on RTA transit network faster and easier Dubai, April 27, 2013: Visa, one of the world’s leading payment solutions providers, has recognized its partners Emirates NBD and the Roads & Transport Authority of Dubai [RTA] for the launch of the co-branded ‘Go4it’ Credit Card in the UAE. The …

SWIFT’s standardised solution for local trade confirmation matching gathers momentum as reliable, low-cost alternative London, 24 April 2012 – SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, today announced a threefold increase in the number of brokers using its Global Electronic Trade Confirmation (GETC) solution for the automation of allocation …

Deutsche Bank today announced its appointment as successor depositary bank for the Regulation S Global Depositary Receipt (GDR) and the Rule 144A American Depositary Receipt (ADR) programs of Turkey-based Coca-Cola İçecek A.Ş. (Coca-Cola İçecek). Coca-Cola İçecek is the sixth largest bottler in the Coca-Cola system in terms of sales volume. CCI’s core business is to produce, sell and distribute beverages …

Arranged issuances worth US$16.3Billion in 2012 NBAD Named Best Corporate Bond Arranger Abu Dhabi (April 22nd, 2013) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, won the ‘Best Corporate Bond Arranger Award’ at The Banker Middle East Product Awards 2013. During 2012, NBAD arranged 20 deals totaling approximately US$16.3billion (AED 59.7billion), the highest …

Abu Dhabi/Kuala Lumpur- (17 April 2013): The National Bank of Abu Dhabi (NBAD) has been appointed as the Financial Advisor and Lead Arranger for the fund raising exercises by Cosmos Petroleum & Mining Sdn. Bhd. (Cosmos). Cosmos is an investment, mining and holding company, headquartered in Kuala Lumpur and is an affiliate company of Project Management & Development Company (PMD), …

Islamic Finance a Catalyst for Driving an Integrated Islamic Economy New growth opportunities for Islamic banking, finance and investments identified at the 3rd Annual Middle East Islamic Finance and Investment Conference (MEIFIC 2013) More than 250 Islamic finance and investment leaders gathered in Dubai for MEIFIC 2013 Dubai: United Arab Emirates: 17th April 2013: The 3rd Annual Middle East Islamic …

NEW YORK – The Global Transaction Services business within Bank of America Merrill Lynch today announced the launch of a new user interface for Works®, the bank’s proprietary online program management tool for commercial card clients in the United States and Canada. With more than 225,000 active users, the Works® platform helps companies manage all aspects of their card program …

MEIFIC 2013 to Discuss Key Strategies to Boost Growth and Value of Islamic Finance by Further Strengthening Linkages to the Real Economy Dubai: United Arab Emirates: 16th April 2013: Leading players, industry thought leaders and key regulators in the regional Islamic finance and investment industry will take part in the 3rd Annual Middle East Islamic Finance and Investment Conference (MEIFIC …

Dan Azzi, Chief Executive Officer for Standard Chartered in Lebanon Seasoned banker with global expertise to focus on growing bank’s business in Lebanon Beirut, Lebanon, 15 April, 2013 – Standard Chartered announced today the appointment of Dan Azzi as Chief Executive Officer for its operations in Lebanon. This is the first time that the Bank appoints a Lebanese to lead …

April 15, 2013 SunGard, one of the world’s leading software and services companies, announced today that it will provide Abu Dhabi Islamic Bank (ADIB), a top tier Islamic financial institution, with retail banking solutions for better customer service and branch productivity. Wissam Khoury, managing director, SunGard Financial Systems, Middle East, said: “Retail banks in the Middle East face constant pressures …

More than 400 international Islamic insurance industry leaders from the Middle East, South East Asia, Africa and beyond to gather in Dubai at the 8th Annual World Takaful Conference (WTC 2013) for discussions that will tackle the threats to sustainable profitability and discuss a new growth map for moving towards sound underwriting profitability. Dubai, United Arab Emirates: 14th April 2013: …

Dubai, UAE, 10 April 2013: Executives from the Middle East banking & financial service industry got a first-hand glimpse of the future of bank statements at the Canon stand at Gulf Print & Pack. Joining with the company’s 17 strong array of solutions partners, GMC Software Technology demonstrated how its latest solution, Inspire Dynamic Statement is set to revolutionise the …

April 10, 2013 – Jyske Bank, a leading Danish bank, has commenced production with Surecomp’s end-to-end trade finance solution. The end-to-end solution comprises allNETT®, Surecomp’s Java Web-based trade finance front end, and IBSnet®, the vendor’s Windows-based back-office trade finance system. Founded in 1967 in Aarhus, the regional capital of the Jutland province, Jyske Bank was created following the merger of …

Deutsche Bank announced today the launch of Accounts Receivable Manager (ARM) for SEPA, a corporate cash management solution designed to help global organisations streamline and simplify the complexities of receivables management. Deutsche Bank developed ARM with PayPal, a leading global ecommerce company, to help manage their euro receivables across Europe using a single consistent reconciliation process, while also reducing administrative costs and increasing customer satisfaction. …

Tejuri’s partner retailers can now leverage the world’s largest fraud detection radar for online payments Tejuri to outsource its fraud management operations to CyberSource’s Managed Risk analysts, who will support Tejuri in implementing, maintaining and optimising their online fraud management operations Dubai, UAE: April 7, 2013: Tejuri.com LLC, the Middle East’s first online shopping mall, in conjunction with Dubai’s Department …

Abu Dhabi (April 3rd, 2013) – The National Bank of Abu Dhabi P.J.S.C (NBAD)  today announced the appointment of Alex Thursby as Group Chief Executive with effect from 1st July 2013 in succession to Michael H. Tomalin who has previously announced his retirement. Michael Tomalin will have served as NBAD’s Group Chief Executive for 14 years and will stay on …