Sunday 20 April 2014

RBS to issue LCs directly from Singapore

The Royal Bank of Scotland (RBS) has been approved to issue letters of credit (LCs) for trading on DME, a leading energy futures and commodities exchange in the Middle East, directly from Singapore. RBS will be able to issue LCs d


Citi launches CitiDirect BE Tablet app in UAE

Citi’s Treasury and Trade Solutions (TTS) has launched the CitiDirect Banking Evolution (BE) Tablet, a new iPad app. The app provides visibility into important transactional and financial information, supporting decision-mak


UAE’s cbank to kick off Direct Debit System

The Central Bank of UAE is set to kick off the ‘Direct Debit System’ on October 5, following the completion of registration of banks and finance companies into the system. Direct debit is a safe and convenient method o


Dubai Industrial City gets new bus service

The Dubai Roads and Transport Authority (RTA) on Saturday launched a regular bus service linking Dubai Industrial City, a member of Tatweer and the leading industrial destination, with the rest of the emirate. Eissa Al Dossary, chief execu

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