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Bahrain

Labour Fund and Shamil Bank launch low-profit lending scheme

The first batch of small-and medium-sized enterprises (SMEs) in the Bahrain Kingdom received a BD12.5m as the Labour Fund and Shamil Bank, Bahrain, announced the launch of low-profit loans carrying 4 per cent profits per annum. However, the fund will contribute...

VC Bank announces closing of SME fund

Bahrain-based Venture Capital Bank has announced the first closing of its recently launched MENA Small Medium Enterprises Fund I L.P., the first…

#bank#emerging markets#international


Deadline for new rules on documentary credits

New rules on documentary credits will come into force in July next year, the International Chamber of Commerce (ICC) has…


CBK signs credit line agreement

Within the endeavours to promote the trade exchange and drive development process among Arab countries, a credit line agreement has…

#bank#banks#economy


UGB signs credit line agreement with Arab Trade Financing...

United Gulf Bank and the Arab Trade Financing Program (ATFP) have signed an agreement to encourage financing of Arab trade.…

#bank#exporters#financial institution


BankMuscat to launch new small business division

BankMuscat International (BMI) has announced the launch of a new business division in Bahrain designed exclusively to cater to the…


VCB US$250m fund to target SMEs

Bahrain-based Venture Capital Bank (VCB) has launched a US$250m fund that will target small- and medium-sized enterprises (SMEs) in the…

#bank#compliance#emerging markets


HSBC Bahrain event promotes factoring service

The event was organised by HSBC Bank Middle East to promote its factoring services, which were launched by HSBC Bahrain…


New push to help SMEs access capital

Help is on the way for cash-strapped small- and medium-sized businesses (SMEs) in Bahrain. They are to get help from…


Omani factor and specialist SME financier listed on BSE

A third Omani company was listed on the Bahrain Stock Exchange (BSE) yesterday, prompting talk of the formation of a…

Prime Minister backs SME initiative and praises entrepreneurs

The Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, yesterday praised the initiative and pioneering spirit of entrepreneurs who are…

#bank#economy#leadership

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