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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…

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Payments - Receipts at POS

Citi expands global commercial card platform into Turkey

Citi is adding Turkey to its global commercial card programme platform. They have offered commercial cards in Turkey for some time, but migration onto Citi's global platform enables both

Cash & Liquidity Management

Citigroup setting up a representative office in Iraq

Citigroup received approval this week to open a representative office in Baghdad and will consider more such offices in the country. Even though in other emerging markets they are withdrawing, in

Cash & Liquidity Management

Citi to issue commercial cards in Kuwait

Citi, through its transaction services unit, is launching a commercial card offering in Kuwait to its local large corporate and multinational clients. With Kuwait added to the list of issuing countries, Citi Commerc

Cash & Liquidity Management

AfDB, Citi and IFC to support trade finance in Africa

The African Development Bank (AfDB) Group, Citi and International Finance Corporation (IFC), a member of the World Bank Group, have agreed to provide a US$175m three-year revolving credit facility covering short ter

Cash & Liquidity Management

The booming sukuk issuance opportunity

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 & Liquidity Management

Barclays extends Pingit to Kenya

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.

Cash & Liquidity Management

Barclays expands cash management team in GCC Region

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.