Trade

Caroline Maginn, trade partner at CMM, looks at a positive picture in the KSA Trade finance and corporate banking are on the up in Saudi Arabia thanks to strong, double-digit growth in both imports and exports in the Kingdom and continued positive intermediation by Saudi banks in the trade flows. This is confirmed by Cash Management Matters (CMM), which as …

The rising levels of transaction banking sophistication throughout the MENA region coincide with an increasing corporate focus on how to better manage risk and working capital throughout the supply chain. SRIRAM IYER, regional head of global transaction banking at Deutsche Bank, discusses the role financial supply solutions can play in facilitating trade against the backdrop of these developments While the …

MUSHTAK PARKER looks at a unique new fund raising and liquidity option that has been taking MENA by storm One of the ongoing consequences of the global financial crisis has been a sustained credit crunch in economies all over the world as liquidity remains scarce and financing is targeted at “safe” customers by an over-cautious global financial sector. This, despite …

Governments across the Middle East are now looking for ways to help SMEs. MUSHTAK PARKER, looks at what’s in store Small-and-medium-sized enterprises (SMEs) form the backbone of many Middle East and North Africa (MENA) economies. In the aftermath of the global financial crisis, governments are seeking to generate employment, especially youth employment, and economic growth to try to mitigate the …

As part of Cash & Trade’s regional coverage and following our first roundtable in the KSA, we organised a UAE Roundtable discussion under the sponsorship of Emirates NBD transaction banking services. Last year was an excellent one for cash and trade business in the UAE, with the international banks confirming it was a good 12 months across the whole region, …

Banks have played a demonstrably positive role in the real economy and broader society in Qatar during recent years. This is particularly evidenced by their increased provision of trade finance. Caroline Maginn, Trade Partner at Cash Management Matters (CMM), explains In a final look at the specifics of trade finance in the main GCC countries ahead of the conclusion of …

Senior leaders in the region are taking solid steps to set up ‘next generation’ business models in correspondent banking. ALEXANDER R. MALAKET, CITP, looks at how what is happening today will shape ‘tomorrow’ The global financial crisis, which has had – and continues to have – implications of varying degrees of seriousness across the globe, has indisputably resulted in a …

Transaction banking was the subject of discussion when representatives from most banks in the Kingdom of Saudi Arabia took part in the first ever roundtable discussion organised by Cash & Trade  The participants were: AlRajhi Bank: Badri Ali Kadhim, AGM, head of global transaction banking/financial institutions Khaled M. Al-Busayes, head of cash management and e–corporate banking  Alinma Bank: Ahmed Said …

The ability to use ‘soft market’ time to prepare for the next big business cycle is what makes leaders in the banking industry stand out from the rest. SUKIRAT KOCHAR and MANINDER BHANDARI explain Sukirat Kochar All industries go through ups and downs and the banking industry is no exception. However, what differentiates the leaders in this business from the …

Caroline Maginn, Trade Partner at Cash Management Matters (CMM) comments on a very positive ICC Banking Commission initiative that galvanised a group of leading trade finance banks to work together to give qualified input to Basel III. This should support the industry as a whole to engage in the on-going provision of trade finance liquidity in support of the real …

Tajara Monitor continues in the process of broadening its geographic coverage within the GCC. Here, Caroline Maginn – Cash Management Matters Trade partner looks at some of the Kuwaiti Tajara findings in relation to trade finance. Kuwait is the third biggest trading nation within the GCC

While at Sibos in Toronto, Cash&Trade caught up with Kah Chye Tan, global head of trade and working capital at Barclays Corporate. In an exclusive interview, he revealed that his aim is to help Barclays become the global trade bank Kah Chye Tan has a mission – and, if he succeeds, his bank, Barclays, will benefit. Currently, he is the …

In a move designed to help Turkish investors and contractors doing business in the member countries of the Organisation of Islamic Cooperation (OIC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and Turk Eximbank, Turkey’s National Export-Import Credit Bank, recently signed a Memorandum of Understanding (MoU) at the annual meeting of the Aman Union (the association …

When it comes to international trade finance, the aim is to create ‘smoother sailing in rough waters’, says FRITZ vom SCHEIDT, managing director of Tricon Trade Management Trade finance originates from the financing, or investment in, the import/export of goods, and it is an essential activity in global commerce.

HSBC has signed a Memorandum of Understanding (MoU) with Islamic Development Bank’s International Islamic Trade Finance Corporation (ITFC) to implement its Shariah-compliant trade financing and provide help on various treasury activities such as joint trade financing and investment of liquidity.

MUSHTAK PARKER reports on 
a ‘man with a mission’, whose aim is to promote arbitration Sundra Rajoo is a man with a mission. As director of the Kuala Lumpur Regional Centre for Arbitration (KLRCA) he has been mandated by Bank Negara Malaysia, the central bank, to promote arbitration in Islamic finance both in the region and beyond. Consistent with the …