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MENA

IHC completes acquisition and rebrand of eFunder to Zelo

International Holding Company (IHC) has finalised the acquisition of eFunder, a UAE-based private financing platform for small and medium-sized enterprises (SMEs), and has rebranded it as Zelo. The move marks a strategic expansion of IHC’s fintech investments and reinforces its...

#Abu Dhabi Global Market#financial services#Financial Services Regulatory Authority

EBRD provides first risk-sharing facility to Emirates NBD Egypt

The European Bank for Reconstruction and Development (EBRD) signed a US$25m (€21.7m) risk-sharing facility with Emirates NBD Egypt to facilitate…

#EBRD#Emirates NBD Egypt#export


ECI announces AED 174m for SME growth in partnership...

Etihad Credit Insurance (ECI), the UAE’s federal export credit company, recently celebrated the achievements of its flagship initiative, the 'Xport…

#Ajman Bank#Al Maryah Community Bank#Commercial Bank of Dubai


Beltone secures US$20m to drive sustainable finance in the...

Beltone Leasing and Factoring (Beltone), a wholly owned subsidiary of Beltone Holding, has secured US$20m in funding from two leading…

#Amir Ghannam#Beltone#Finance in Motion


OCTA empowers SMEs with seamless financial automation

In the heart of the Middle East’s fintech scene, Emirati startup OCTA is gaining significant traction with a fresh US$20m…

#Andrey Korchak#Jon Santillan#Nupur Mitta


NBB launches digital SCF solution

The National Bank of Bahrain (NBB) has introduced a fully digital supply chain finance (SCF) solution, aimed at enhancing liquidity…

#early payments#ESG#National Bank of Bahrain


EDB and RAKBANK unveil landmark AED 1bn MSME fund

In a major boost for UAE-based micro, small and medium enterprises (MSMEs), Emirates Development Bank (EDB) and RAKBANK have announced…

#ADNEC Centre#Emirates Development Bank#Ministry of Industry and Advanced Technology


Beltone Leasing and Factoring closes second securitisation bond

Beltone Holding (Beltone) announces that its wholly owned subsidiary, Beltone Leasing and Factoring, has successfully concluded its second securitisation issuance…

#Amir Ghannam#Attijariwafa bank#Banque du Caire


UBCI joins Proparco’s trade finance programme

In a significant move to bolster international trade in North Africa, Union Bancaire pour le Commerce et l’Industrie (UBCI) has…

#French Development Agency#Proparco#UBCI


DFSA launches innovation testing licence explainer guide to boost...

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has launched a new…

#Dubai Financial Services Authority#Dubai International Financial Centre#financial services


Mediterranean Bank selects Finastra’s digital banking solution

Finastra, a global provider of financial software applications, today announced that Mediterranean Bank, a provider of retail and corporate banking…

#EVO Digital Solutions Co.#Finastra#Islamic banking


Vision Bank becomes operational with Finastra’s solution

Finastra today announced that the successful implementation of Finastra Kondor and cloud-based managed services provided by DXC Technology, a leading…

#Finastra#treasury solutions#Vision Bank

Mastercard partners with CredibleX to enable SMEs to access...

Mastercard announced its collaboration with CredibleX to integrate its Small Business Credit Analytics (SBCA) platform into CredibleX’s integrated financing offering.…

#CredibleX#Hassan Reda#Mastercard

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