Press Releases

London – February 21, 2012 Deutsche Bank today announced its appointment as successor depositary bank for the Level I American Depositary Receipt (ADR) program of Strategic Minerals plc (Strategic Minerals), headquartered in the United Kingdom. Strategic Minerals plc is a UK registered resources company focused on the development and supply of iron ore- in particular magnetite – to the world’s …

Toronto, Canada – February 15, 2012 – Surecomp, a leading provider of global trade solutions for financial institutions and corporations, is marking 25 years of innovation and leadership in 2012. Established in 1987, Surecomp is an industry pioneer and leader with a proven track record delivering cutting-edge trade services solutions to major banks, financial services providers and enterprises across the …

  Malcolm Fleet has joined Falcon Group as Head of Global Sales Management – acting as the link between senior management and the expanding Falcon sales effort In his role, Fleet acts as an intermediary between Falcon’s global sales teams (in Asia, The Middle East and the Americas),and senior management in London and Dubai, assuring that the sales platform is managed and monitored, in order to ensure the …

Standard Chartered will be Euroclear Bank’s AED clearing bank UAE, 12 February, 2011 – Standard Chartered announced today its partnership with Euroclear Bank, the international central securities depository, to provide cash clearing services in the UAE. Following the appointment, Standard Chartered will be the Arab Emirates Dirham (AED) cash clearing bank for Euroclear Bank. The service will provide highly competitive …

January 31, 2012 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and The State Bank of Pakistan (SBP) signed a Memorandum of Understanding (MOU) yesterday 31 January 2012 at SBP headquarter in Karachi, to cooperate in promoting trade and investments in Pakistan.  Mr. Yaseen Anwar, the Governor SBP and Dr. Abdel Rahman El-Tayeb Taha, the Chief …

MetLife, Fujitsu, and SWIFT Treasury Successfully Pilot eBAM Central Utility New York, January 30, 2012 — J.P. Morgan (NYSE: JPM) Treasury Services, a full-service provider of cash management, trade finance and treasury solutions, today announced the completion of its Electronic Bank Management (eBAM) central utility pilot (E-CU). One of only four banks to participate, J.P. Morgan successfully implemented the program …

Barclays Bank, a major global financial services provider, has announced the appointment of Kersi Patel as head of trade and working capital, Middle East. He will be responsible for building the trade and working capital product and sales organization in the region aimed at growing Barclays’ market share in these businesses. Rezwan Mirza, managing director, head of corporate coverage, UAE …

(Amman – Jordan, January 24th 2012):- Arab Bank  was recently honored with the Best Trade Finance Provider award in the Middle East from Global Finance Magazine for the sixth consecutive year. Arab received this award based on its transaction volume, scope of global coverage, customer service, competitiveness and innovation. Nemeh Sabbagh, Chief Executive Officer of Arab Bank   commented, “As one …

As part of its strategy to provide innovative banking services, Dubai Islamic Bank (DIB) announced the launch of Al Islami Business Online, a portal enabling companies to access over 75 services at the click of a button. Developed to help businesses in the UAE easily manage their finances, Al Islami Business Online enables companies to administer their funds 24/7, pay …

Under the Chairmanship of Dr. Ahmed Mohamed Ali, President of the Islamic Development Bank Group, the Board of Directors of the Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) approved the Annual Report of ICIEC for 1432H (2011) at its recent meeting held at the Bank’s headquarters in Jeddah, The Annual Report showed significant growth in export credit …

UAE, 10 January, 2012 – Standard Chartered sees 2012 as a year of a two-speed global economy. The Bank, which recently topped a ranking of 354 global firms for the accuracy of its economic forecasts over the past two years, sees a slowing global economy in 2012, with a fragile West and a resilient Asia, Africa, Middle East and Latin …

Existing Customers can open savings and fixed deposit accounts through online banking UAE, 8 January, 2012 – Standard Chartered announced today a new facility which allows existing customers to open Islamic and Conventional savings and fixed deposit accounts through its online banking platform, Straight2Bank. The facility comes as part of the bank’s continuous efforts to enhance its customer’s banking experience. …

With an aim to capitalise on the opportunities created by banks withdrawing from trade finance, Church leaves DBS, and heads a new Singapore-based team for multi award winning trade, corporate and commodity finance boutique Falcon Group Andrew Church has joined Falcon Group together with Mahesh Parameswaran and Arun Crasta. They leave DBS, which is one of three major corporate banks …

Dubai, 23rd November 2011 – SunGard has launched Ambit MyMoney, an integrated online and mobile banking platform, to help banks capitalize on the increasing global adoption of ‘smart’ mobile devices by creating a consistent and customizable mobile banking experience. The new solution helps banks provide seamless online and mobile banking services to retail and business customers via the Web, mobile …