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News
24 April 2017

Al Khaliji France implements Temenos's T24 core banking system

Al Khaliji France has gone live with Temenos's T24 core banking platform at its branches in the United Arab Emirates, reportedly replacing the CapitalBanker system....

Perspective
24 April 2017

Perfect 10 Tengizchevroil: Big deal in a much bigger funding strategy - a TXF commodity finance Deal of the Year

The $3 billion Tengizchevroil pre-export revolver is ultimately a liquidity facility designed to enable optimum timing and pricing for future TCO bond issues. But the...

News
24 April 2017

Dar Al Tawreeq launches InvoiSME for MENA SMEs

Dar Al Tawreeq, a United Arab Emirates-based company offering customised factoring and liquidity solutions, has launched InvoiSME. It is aimed at facilitating funding and...

News
24 April 2017

FinComEco launches in Africa to boost farmers

FinComEco, a financial and commodities ecosystem, has been launched. Initially focusing on Africa, it will connect farmers to the supply-to-demand chain, including...

News
24 April 2017

UC RUSAL reports rise in aluminium sales

Russia's UC RUSAL produced 910 thousand tonnes of aluminium in the first quarter of 2017 - a 2.1% quarter-on-quarter drop. Aluminium sales totalled 985 thousand...

News
24 April 2017

Swift Energy increases credit facility borrowing base

US-based oil and gas group Swift Energy increased the borrowing base on its senior secured credit facility by 32% to $330 million. JP Morgan led the facility and was...

News
24 April 2017

EGFI sees 71% growth in export coverage

The Export Guarantee Fund of Iran (EGFI) issued export insurance and guarantees worth $1.6 billion between March 2016 and 2017 - a 71% growth on the previous 12 months.

News
24 April 2017

UK offers Manila trade finance funds worth £4.5bn

The UK has offered a £4.5 billion financing package to the Philippines to underwrite its ambitious infrastructure building programme. The UK is looking to boost its...

News
24 April 2017

World Bank to finance Peshawar-Kabul highway

The World Bank has agreed in principle to finance a project to build a highway between Peshawar, Pakistan, and Kabul, Afghanistan. The road would improve regional...

News
24 April 2017

Banque Misr to sign $500m CDB loan

Egypt's Banque Misr will sign a $500 million loan agreement with the China Development Bank (CDB), with a term of eight years. The bank earlier signed a $100 million...

News
24 April 2017

AIIB and NDB seek high marks from global ratings agencies

The New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) are seeking ratings from Moody's, Standard and Poor's and Fitch to pave the way...

News
21 April 2017

Opportunity of the day: Alfa Laval's heat exchangers to be followed by more Sinopec Zhenhai refinery project tenders

Alfa Laval AB has been awarded a contract to supply ten units of spiral heat exchangers for a 2.6m t/a ebullated bed residue hydroprocessing unit at the Ningbo-based...

News
21 April 2017

Cambodia's central bank inks deal to develop blockchain payment prototypes

National Bank of Cambodia is the latest central bank to investigate blockchain, inking a deal with Japanese startup Soramitsu that will see them work jointly on new...

News
21 April 2017

Trump and world finance officials clash over trade

The US is prepared to get tougher on international trade, potentially imposing tit-for-tat tariffs, White House National Economic Council director Gary Cohn said hours...

News
21 April 2017

NICE Actimize releases fraud detection solution

Financial security software firm NICE Actimize has launched a cloud-based tool to protect financial institutions from fraud at a time when it says faster payments...

News
21 April 2017

Temenos software licensing revenue surges 19% in Q1

Temenos saw its non-IFRS software licensing revenue surge 19% in the first quarter, while EBIT earnings were up 15%. The banking and finance software vendor said that it...

Perspective
21 April 2017

Out of kilter: Non-bank SCF providers need revenue growth

Supply chain finance pure-play providers' use of traditional fee models is causing revenue to be far smaller than increases in new business volumes would suggest. Should...

News
21 April 2017

BBVA taps blockchain for international payments

Spain's Banco Bilbao Vizcaya Argentaria (BBVA) has executed its first cross-border payments through a distributed ledger system built by Ripple. The bank says it has...

News
21 April 2017

Indian policy change allows state entities direct access to ODA funds

In a move designed to speed up investment in vital infrastructure projects state entities can now access international funds directly from ODA partners. Loans...

News
21 April 2017

Central Bank of Lesotho goes live with Arena

The Central Bank of Lesotho has gone live on Intellect Design Arena's Quantum Central Banking Solution (QCBS). It includes treasury management, trade finance,...