Tag Archive: Middle East

News of BNY Mellon realigning its Treasury Services leadership team in EMEA covered by the specialist press

BNY Mellon’s Treasury Services business has realigned its leadership team in Europe, the Middle East and Africa to focus on its different market segments across the region. Daniel Verbruggen and Bana Akkad Azhari have both been promoted to the business leadership team. Verbruggen will continue to be responsible for relationship management in Europe, and Akkad …

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BNY Mellon’s Bana Akkad Azhari discusses fintech in the Middle East

In an article for the American Lebanese Chamber of Commerce, BNY Mellon’s Head of Treasury Services, MEA and CIS, discusses how technology innovation is changing the landscape of finance in the Middle East. Azhari notes that, while the Middle East has been somewhat slower to explore some of these opportunities than other parts of the …

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iGTB’s Middle East Client Advisory Event featured in Cash & Trade Magazine

The latest issue of Cash & Trade Magazine features a full write-up of iGTB’s second annual Middle East Client Advisory Event, held in Dubai in February. Returning to the Park Hyatt Dubai, the forum brought together senior transaction bankers from across the region – including delegates from Jordan, Kuwait, Qatar, the UAE and as far …

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ICC, iGTB and S&P Global on why the Middle East is key for trade finance

In their April/May edition, Trade Finance explores the developments in Middle Eastern trade finance in a special feature on commodities. In the three page spread, we learn from the International Chamber of Commerce (ICC) Banking Commission’s Vincent O’Brien, chair of the Education and Market Intelligence Group, that a perceived increase in risk in the Middle East …

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BNY Mellon and TXF host trade finance focused roundtable in Abu Dhabi

The financial landscape is undergoing a significant period of change, with banks facing heightened levels of regulation, the evolution of new technology capabilities introduced by fintechs, and ever-increasing client expectations. Furthermore, as a region heavily dependent on oil, the Middle East must also navigate low oil prices and subsequent budget deficits. Certainly, these are challenging …

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The Gulf can no longer rely on oil to fund its infrastructure: S&P’s recent findings picked up by the specialist press

With low oil prices showing no signs of rising, Standard & Poor’s Dubai-based Director, Karim Nassif, suggests that the Gulf Corporation Council (GCC) will have to seek innovative forms of financing to foot its ever-growing infrastructure bill. In his new report, Nassif says that while Gulf states have long-relied on high export revenues from oil to …

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BNY Mellon examines fintech’s impact on the payments space in Cash & Trade

The world of payments is being fundamentally reshaped by fintech, with technology-led developments radically transforming retail and consumer payments. Innovation on the corporate side is a more complex proposition, but as pressure mounts from corporate clients who wish to enjoy the same levels of speed, ease and flexible access in their business transactions that they do …

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ICC Academy’s John Danilovich discusses online professional education with Cash & Trade

The Middle East is quickly becoming a hub for international and interregional trade – acting as a gateway to key markets such as Asia, Africa and Europe. As such, new opportunities have arisen for local banks and corporates, along with new technology – growing business throughout the region. While these opportunities are undoubtedly good, they can also …

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Deutsche Bank appoints Willem Calame as new Head of Commodity Trade Finance, EMEA

Deutsche Bank recently appointed Willem Calame as Head of Commodity Trade Finance, EMEA (ex-Germany). Calame has enjoyed 14 years at Deutsche Bank in commodity finance, with broad experience in the Structured Commodity Trade Finance team in EMEA – where he specialised in Africa and worked under John MacNamara. In his new role – reporting to …

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Gulf-based infrastructure companies are feeling the heat on the back of low oil prices – S&P writes for InfraNews

Low oil prices – having halved since last year – are causing repercussions for infrastructure development in the Gulf, says Standard & Poor’s Karim Nassif in his article for InfraNews. This is because infrastructure companies dependent on state revenues are witnessing a public funding deficit, he explains. And as cheap oil means liquid capital becomes …

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