The booming sukuk issuance opportunity
by CTMfile
Sukuk issuance utilizes a number of different shariah structures all making use of the purchase undertaking. Sukuk issuance is booming: Global sukuk issuance exceeded $85bn last year,
Cash & Liq. Mngm in Middle East & Africa
Background
The Middle East Africa region has some of the poorest countries as well as some of the richest. In many countries, the development of the banking infrastructure is underway and basic payment…
Read moreBarclays and Absa Group in talks to combine their Africa-based assets
by CTMfile
Barclays PLC and South Africa's Absa Group Ltd. are in discussions to combine their Africa-based assets, a move they hope will accelerate the banks' expansion across the continent. Barclays, which has a 55.5% shareh
Barclays extends Pingit to Kenya
by CTMfile
Launched in the UK earlier this year, Pingit is a person-to-person payment service that enables people to send and receive money using mobile phone numbers.
Although cash still dominates sub-Saharan domestic remittances, mobiles and mobile money are key eve
by CTMfile
The Bill & Melinda Gates Foundation foundation commissioned pollster Gallup to carry out face-to-face interviews with 1000 adults in each of 11 sub-Saharan countries: Botswana, Congo, Kenya, Mali, Nigeria, Rwanda, S
Barclays expands cash management team in GCC Region
by CTMfile
Barclays Bank is continuing to expand its corporate banking offering in the Gulf Co-operation Council (GCC) region through the expansion of its cash management capabilities.
2012 ICM Survey Results: Middle East & Africa
by CTMfile
The numbers for full service branch countries and those with direct access to the clearings in the Middle East & Africa are given below.
Citi Adds Israel to Global Commercial Cards Coverage
by CTMfile
Citi has added Israel to the list of countries of where they issue Citi Commercial Cards solutions locally.
Standard Chartered launches direct custody services in Zimbawe and Nigeria
by CTMfile
Building on their acquisition of Barclays Custody Services in 2010, Standard Chartered Bank today announced the launch of direct custody services in Zimbabwe and Nigeria.