Press Releases

Bahrain: 10 December 2012: The achievements, innovations, and excellence in the international Islamic banking and finance industry were recognised today at the 19th Annual World Islamic Banking Conference (WIBC 2012) held at the Gulf Convention Centre in the Kingdom of Bahrain. The annual WIBC Awards, which are among the oldest and most prestigious in the world, are designed to recognize …

More than 1,200 industry leaders from over 50 countries set to join 94 international speakers in Bahrain to discuss new growth strategies for Islamic finance Bahrain: 08 December 2012: Leading players, industry thought leaders and key regulators in the international Islamic banking and finance industry will take part in the 19th Annual World Islamic Banking Conference (WIBC 2012), which is …

December 5, 2012 – Surecomp®, a leading provider of global trade solutions for banks and corporations, has announced the release of SCF-PRO®, its newly developed supply chain finance (SCF) solution. SCF-PRO is a state-of the-art SCF solution that enables corporate buyers and suppliers to better manage liquidity and optimize working capital. Unveiled recently at Sibos 2012, the solution leverages Surecomp’s …

Abu Dhabi (December 4, 2012) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, declares that the  NBAD Sukuk Income Fund has returned 4.78% since inception and will distribute 1.76% dividend payment toinvestors. This is NBAD Sukuk Income Fund’s first payout since it was launched six months ago and all registered holders of the …

The Abu Dhabi office of Clifford Chance advised First Gulf Bank (FGB), a major leading financial institution headquartered in Abu Dhabi, UAE, on a new three-year US$900 million senior unsecured Term Loan Facility with a group of international banks. The loan facility was signed at a ceremony on 13 November at the Emirates Palace in Abu Dhabi attended by Andre …

21 November 2012 Learning from peers is key to fulfilling the Chief Financial Officer’s increasingly demanding role, according to ICAEW, a world leader of the accountancy and finance profession. ICAEW yesterday gathered select CFOs to its first ever CFO Club event in Bahrain to discuss corporate governance challenges currently facing the CFO, encourage networking and exchange of experiences. Peter Beynon, …

Malaysia, 21 October 2012 – In margin of the 3rd Annual Meeting of Aman Union (a group of Arab and Islamic Export Credit Agencies) which is being held in Kuala Lumpur 21st and 22nd October 2012. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of Jeddah based Islamic Development Bank Group and the European insurer …

Manama, 18th November 2012: Capital Club Bahrain, the Kingdom’s premier private business club and a member of the ENSHAA group of companies, hosted an in-depth look ahead at the region’s business and economy during uncertain times. Some of the Arab world’s most influential business personalities and leaders in their respective fields analyzed the business outlook for Bahrain and the region …

Abu Dhabi (November 17, 2012) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has been selected by judges at The Banker & Professional Wealth Management Magazine as the “Best Private Bank in UAE for 2012” in the 4th Annual Global Private Banking Awards. This latest accolade adds to NBAD’s several awards. “At a …

ICIEC and SABB organize a joint seminar on “Trade finance and risk management solutions” and signed a Memorandum of Understanding to support non-oil Exports in Saudi Arabia JEDDAH, 14-11-2012, A seminar on Trade Finance  and Risk Management Solutions  was organized jointly by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) member of the Islamic Development Bank …

Abu Dhabi/London (November 14, 2012) – Arab Bankers Association chose Michael Tomalin, the Group Chief Executive of the National Bank of Abu Dhabi (NBAD), as the first recipient of  the distinguished service award to Arab Banking and as such the Arab Bankers Association (ABA) “Banker of the Year”. Arab Bankers Association, founded in 1980 in London, represents and promotes the …

Leading Worldwide Financial Institution Uses Centrify to Secure Access, Improve Auditing, and Manage User Accounts DUBAI, United Arab Emirates — November 14th, 2012 — Centrify Corporation, the leading provider of security and compliance solutions that centrally control, secure and audit access to on-premise and cloud-based  systems, mobile devices and applications, today announced that HSBC Bank UK is deploying the Centrify Suite to centrally …

Manama, Kingdom of Bahrain: 11th November 2012: The global Islamic finance industry has witnessed phenomenal growth over the past decade, with the estimated asset size now exceeding US$ 1 tr. The annual World Islamic Banking Conference (WIBC), which over the last 19 years has established its pre-eminent position as the world’s largest and most significant annual gathering of global Islamic …

MSCI UAE IMI 10/40 new benchmark index ETF renamed NBAD OneShare MSCI UAE ETF Two weeks suspension to implement enhancement; 1UAE resumes trading on November 25th Abu Dhabi (November 8, 2012) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, will implement enhancements to the region’s first  exchange trade-fund (ETF), the NBAD OneShare Dow …

EastNets showcases en.SafeWatch Profiling and Filtering solutions at Sibos 2012 in Osaka Company also discusses mechanisms for better ‘False Positive’ rates during premier financial services event November 04, 2012 EastNets, a leading provider of global compliance and payment solutions and services, recently took part in Sibos 2012, the latest edition of the world’s premier financial services event that was held …

– With almost half of banks admitting their risk management programme is not well formulated,* Misys Global Risk provides banks with the technology required to execute their business strategies NEW YORK and LONDON – 1 November 2012 – Misys has today launched a new generation of collaborative risk management solutions, under the name of Misys Global Risk (MGR). The solution’s …