Press Releases

Doha, Qatar, 12 March 2018, (AETOSWire): QNB Group intends to recommend to the Extraordinary General Assembly of the Bank, to approve increasing the percentage of non-Qatari ownership in the Company’s capital to 49% instead of 25% in accordance with the applicable provisions of Law No. 9 of 2014 regulating the Investment of Non-Qatari Capital in the Economic Activity and subject …

London/Singapore Mar 12, 2018: GTR Ventures, the world’s first investment and venture-building platform specialized in trade and supply chain, has announced its debut deals with five trade FinTech companies – Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. These deals are the first in a strong pipeline of transactions. GTR Ventures has taken equity positions in the five companies, …

9 February 2018 ICC Trade Register data shows that trade finance products maintain their favourable credit risk profiles compared to similar asset classes due to low default rates and relatively short time to recovery.  Expected losses have fallen or remained flat, with already low default rates dropping across most products – in line with an uptick in global GDP improving …

• RMB accounted for 1.61% of all payments in December 2017 • CNY/USD remains the most important currency pair in value • Digital usage on services such as SWIFT gpi sets the stage for improved growth Brussels/Dubai, 4 February 2018 – SWIFT’s latest RMB Tracker reveals a mixed year for the Chinese currency’s growth in 2017 and identifies some of …

Riyadh, Under the Partnership Agreement between the International Islamic Trade Finance Corporation (ITFC) and the International Trade Center (ITC) a number of workshops in Riyadh and Jeddah on market analysis tools and the creation of market profiles were organized in the framework of the Aid for Trade Initiative for Arab States (AfTIAS) Program, These workshops, hosted by the Saudi Export …

The annual Electronic Payments and Internet Banking summit will be held in the Kingdom of Bahrain on 27–28 March 2018 under the chairmanship of Mr. Abdulkarim Bucheery, Chairman of the Bahrain Bourse. The summit is organized by EastMed Limited, a London-based company, in partnership with Bahrain Bourse, the Bahrain Banking Association and the Bahrain Insurance Association. In addition, many organisations …

Record Year Highlighted by Recognition as a Category Leader by IDC MarketScape, Strong Growth in North America, and 230 New Customer Logos NEW YORK, January 17, 2018 – Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced a record 32 percent year-over-year increase in global subscription fees for 2017, including a 43 percent increase in North America. Kyriba’s rapid …

  India’s International Bank now offers its extensive client base a host of automated supply chain finance products via iGTB’s platform, aiming to reduce transaction costs and risks, as well as open up new avenues of finance as the country deals with remonetisation and its $418bn SME finance gap London (UK), January 17, 2018. Intellect Global Transaction Banking (iGTB), the …

January 22, 2018 Providing Additional Flexibility and Control for Both Buyers and Suppliers Using API NEW YORK CITY – Bank of America Merrill Lynch (BofA Merrill) has launched an enhanced virtual card capability that uses application programming interface (API) to enable commercial purchasing clients to connect directly to the bank’s virtual card system. This streamlined and dynamic virtual card solution, …

Riyadh, Under the Partnership Agreement between the International Islamic Trade Finance Corporation (ITFC) and the International Trade Center (ITC) a number of workshops in Riyadh and Jeddah on market analysis tools and the creation of market profiles were organized in the framework of the Aid for Trade Initiative for Arab States (AfTIAS) Program, These workshops, hosted by the Saudi Export …

As economies in the Middle East develop the demand for more innovative and specialist insurance solutions in the region is growing, according to Lloyd’s, the world’s specialist insurance and reinsurance market. A rapidly expanding economy, a complex regional geo political landscape, huge infrastructure investments, as well as increasingly structured public private initiatives are all behind the surging demand in the …

The first day of the conference will see a key panel session comprising leading banking technology experts deliberating on the growing need for Islamic banks to re-engineer in order to address evolving customer needs in the digital era. Amwaj Islands, Kingdom of Bahrain, 22 November 2017: Middle East Global Advisors, a leading financial intelligence platform facilitating the development of knowledge-based economies …

The 3rd series of the WIBC Leaderboard will see top performing Islamic Financial Institutions from Bahrain, Bangladesh, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia vying for the WIBC Awards recognizing the Best Performing Banks at the Global, Regional and Country Level. Amwaj Islands, Kingdom of Bahrain, 31 October 2017: Committed in its vision to promote and …

Paris, 21 November 2017 17 banks from eight countries connected to the pan-European platform today, extending SCT Inst reach to 500+ PSPs across SEPA EBA CLEARING today confirmed that its instant payment system RT1 went live this morning, on the launch date of the SEPA Instant Credit Transfer (SCT Inst) Scheme of the European Payments Council. The pan-European system has …

As of 21 November, by using “SIA EasyWay”, banks and other payment service providers are able to manage real-time credit transfers and all SEPA payment and collection instruments With the introduction of PSD2 in January 2018, the platform will also allow financial institutions and new market players to comply with the directive and develop innovative payment services Milan, 21 November 2017 …