Orange Business Services connects companies to SWIFT network as Middle East moves onto world stage

As the rapidly emerging Middle East financial sector continues to compete in global markets, Orange Business Services continues to deliver innovations in the regional infrastructure to support this drive.

Egypt: Monday, March 17 - 2008 at 08:23
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Working closely with the region's banks as well as the wider corporate sector, Orange Business Services' IP networks already link many companies to the SWIFT banking system, ensuring the fast, secure and reliable exchange of data between banks and branches, and corporate offices. Orange Business Services allows also corporations such as ARAMCO, the state-owned national oil company of Saudi Arabia, to connect directly with the SWIFT network, bringing speed and agility in support of its business processes.

SWIFT is the industry-owned co-operative supplying secure, standardised messaging services and interface software to nearly 8,300 financial institutions in 208 countries and territories in which it operates. Orange Business Services has been working with SWIFT for more than 15 years.

Orange Business Services currently serves more than 2,000 banks, financial institutions and companies worldwide, including Middle East customers such as EFG Hermes, the Arab world's premier investment banking firm. In Egypt Orange Business Services connects financial institutions to the SWIFT network including the National Bank of Egypt, the Central Bank of Egypt, CIB, and Banque Misr.

Mohammed Gaafar, Middle East Regional SWIFT Manager for Orange Business Services, based in Cairo, says:

'Orange Business Services has considerable experience in financial services within the region, and we are responding to and supporting the rapid development of this sector - and other major organizations - through the development of the SWIFT connectivity we offer.'

'In an increasingly complex multilateral banking environment, large institutions need to exchange data with the assurance of security and reliability, and within the framework of the regulatory requirements. Our managed, secure IP-based networking solutions support the communications needs of organizations like SWIFT and others in the finance industry.'

Orange Business Services supports also 1,300 trading floors in 58 countries, with trading desks and networks. The Orange Business Services' financial solutions portfolio is wide and includes delivery of payment systems, trading platforms, mobility solutions for roaming employees, business continuity services, IP networks, security design, IP telephony and telepresence systems, call centers, messaging, outsourcing, hosting for applications, consultancy expertise, and data center services.

See Also

» Total: Iraq oil stakes 'this summer'

» UAE officials give banking sector clean bill of health

» Rent prices for Dubai apartments to fall in Q3, says report

» Mesa landscaping to open in Dubai

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About Orange

Orange is the key brand of France Telecom, one of the world's leading telecommunications operators. France Telecom serves more than 170 million customers in five continents as of December 31, 2007, of which two thirds are Orange customers. The Group had consolidated sales of 52.9bn euros in 2007. As of December 31, 2007, the Group had 109.6 million mobile customers and 11.6 million broadband internet (ADSL) customers.

Launched in June 2005, the NExT program (New Experience in Telecommunications) will enable the Group to pursue its transformation as an integrated operator and make France Telecom the benchmark for new telecommunications services in Europe. In 2006, Orange became the Group's single brand for Internet, television and mobile services in the majority of countries where the company operates, and Orange Business Services the banner for services offered to businesses worldwide. France Telecom is the number three mobile operator and the number one provider of broadband internet services in Europe and one of the world leaders in providing telecommunication services to multinational companies.

France Telecom (NYSE:FTE) is listed on Euronext Paris and on the New York Stock Exchange.

For more information : www.orange.com, www.francetelecom.com, www.orange-business.com

Orange and any other Orange product or service names included in this material are trade marks of Orange Personal Communications Services Limited.

About Orange Business Services
Orange Business Services represents the business communications solutions and services provided by the France Telecom Group, including converged voice, data and mobile services, as well as IT expertise and managed services, all designed to transform business processes and improve productivity. Orange Business Services is a fully integrated global provider, with 29,000 staff, including 1,800 in the Middle East, serving customers in 220 countries and territories. The company accounts for 12 per cent of the global communications solutions market and has more than 500 multinational customers in the Middle East.

www.mnc.orange-business.com

Press contacts

Orange Business Services - Middle East & North Africa
Jonathan Walsh/Beibars Abdi
WPR
Dubai
+971 50 4588610

Posted by Anne-Birte Stensgaard, Senior News Editor
Monday, March 17 - 2008 at 08:23 UAE local time (GMT+4)

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