Press Releases

–          MOU represents landmark collaborative effort for aircraft financing –          Cooperation aimed at meeting market of $470 billion by 2031 Abu Dhabi, Sept. 30 – The National Bank of Abu Dhabi (NBAD) and aircraft manufacturer Boeing [NYSE: BA] have signed an agreement to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market. The memorandum of …

Industry Leaders Debate the Future of Financial Services & Technology in the Middle East September 22, 2012 – Dubai, UAE: The future evolution of Middle East banking and financial services topped the agenda at the fourth annual SunGard City Day held in Dubai last week. Organized by SunGard, one of the world’s leading software and technology services companies, this annual …

RBS launches GlobalXChange a combination of its award winning FX and multi-currency transaction services London, 26th September 2012 The Royal Bank of Scotland (RBS) plc today announced the launch of RBS GlobalXChange (GXC) which brings together its capabilities in cash management and foreign exchange focused on transactional FX. Steve Everett, Global Head of Cash Management, RBS commented: “GlobalXChange will allow …

Standard Chartered to become Euroclear Bank’s cash clearing bank in Bahrain, Jordan, Oman and Qatar UAE, 26 September, 2012 – Following the success of Standard Chartered’s appointment as its cash clearing bank in the UAE, Euroclear Bank, the leading international central securities depository, has further developed its service offering in the GCC by expanding the scope of its agreement with …

Bottomline strengthens EMEA management team with appointment of Jim Conning Payment industry veteran Jim Conning joins Bottomline READING, U.K. – September 25, 2012 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced that Jim Conning has joined Bottomline as Director of Payments for the EMEA region. Mr Conning will be responsible for …

UAE, 20 September, 2012- Standard Chartered has appointed Steve Perry as Head of Capital Markets for the Middle East, North Africa and Pakistan. Steve also retains his role as the Global Head of Project, Aircraft and Shipping Finance Syndications. Based in Standard Chartered’s regional headquarters in the Dubai International Financial Centre (DIFC), Steve is responsible for overseeing the regional loans …

Coface Emirates Services, a subsidiary of the French Credit Insurance group Coface, multiplied its activities during the first part of 2012 and eyes more local SME’s to support their development through a debt protection Insurance. The Trade Credit Insurance (TCI) provided by Coface is a receivables management solution which facilitates Business to Business Trade by covering the losses generated by …

The Middle East Takaful Forum (METF 2012) to address critical issues facing the Middle East Shari’ah-compliant insurance industry Manama, Kingdom of Bahrain: 03 September 2012:The global Takaful industry has seen tremendous growth in the last few years and the recent figures from the Ernst & Young World Takaful Report 2012, confirm that global Takaful contributions grew by 19 per cent …

en.MoRes mobile remittance platform expands coverage to Nepal More than 200,000 Nepalese in Qatar to benefit from secure, affordable mobile financial service  September 2, 2012 EastNets Remittance, a leading global provider of Mobile Remittance Solutions, has announced that it has expanded its service coverage to include Nepal through its partnership with Qtel, the leading international communications headquartered in Qatar. With …

Abu Dhabi / Cairo (August  29, 2012) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, reached a milestone in Egypt this month with the launch of a branch on the Red Sea coast. The new NBAD office is located in Al Kawthar area, the main banking district in Hurghada, the leading city on …

With a majority of reporting banks posting figures far in excess of AED 100 million, trade fees and commissions rose by an average of 7%, in 2011 in the UAE. Several banks engaged in the crucial sector of trade finance were rewarded for their continued efforts and innovations by showing double-digit increases on the previous year. The sector’s contribution is …

28 August 2012, London/Singapore – Standard Chartered has appointed Alex Manson as Group Head, Wholesale Banking Geographies. Alex joined the Bank on 13 August and reports to Mike Rees, Group Executive Director and CEO of Wholesale Banking. He is based in London and will also be on the Wholesale Banking Management Group. In this role, Alex will lead the Bank’s …

Basingstoke, UK – August 8, 2012 – Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that IMEX®, its high-volume back-office trade finance solution, has been awarded the SWIFTReady Trade Finance application label for the 14th consecutive year. The SWIFTReady label program verifies the compliance of business applications against SWIFT standards, messaging services and connectivity. …

Standard Chartered first half profit up 9% to US$3.95bn Strong momentum combined with diversity of performance provides real resilience Highlights: • Group income climbs 9%, with growth across our markets. • We are accelerating investment spend as we position ourselves for long-term growth. • Consumer Banking income of US$3.5bn up 5%, from a very strong H1 11. • Wholesale Banking …

Dubai eGovernment’s ePay generates over AED 2 billion in first half of 2012 Statistics reveal a 21 % increase over same period last year August 01, 2012 The online payment services provided by Dubai eGovernment Department through the Internet and mobile phone for instant payment of government fees are experiencing increasing demand by the public with over AED 2 billion …

Standard Chartered holds Renminbi Seminar for SME clients Seminar highlights benefits of Renminbi Internationalisation for UAE SMEs UAE, 30 July, 2012 – Standard Chartered recently held a seminar for its SME clients in the UAE titled:”Renminbi Internationalisation – Benefits for SME Clients”. The event was attended by representatives from small and medium enterprisesfrom different sectors across the UAE. Standard Chartered …