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MENA

UAE invoice finance fintech welcomes new investor

Sharakah, a closed joint stock company in Oman has decided to invest in ... (more…)

#Beehive#funding#invoice

FAB signs first supply chain finance programme in Saudi...

Alfanar has become the first local client in Kingdom of Saudi Arabia to benefit from... (more…)

#First Abu Dhabi Bank#supply chain finance


e& enterprise acquires Beehive

UAE firm e& enterprise announced the signing of the agreement to acquire majority stake in the digital SME finance platform, Beehive.Founded…

#Beehive


Goldman Sachs provides US$150m BNPL securitisation in Saudi Arabia

Saudi Arabian buy now, pay later (BNPL) provider Nakhla for Information Technology Systems LLC (Tamara) has landed a US$150m warehouse…

#BNPL#Goldman Sachs#receivables securitisation


Iran facilitates factoring services via newly launched banking scheme

In a ceremony in Tehran this week, Iran’s finance minister Ehsan Khandouzi has announced the launch of the first banking…

#bank#bank loan#banks


Saudi SME bank allocates US$2.8bn for SME financing

Saudi Arabia’s Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced the allocation…

#SME bank


Crédit Agricole opens factoring company in Morocco

The Moroccan government has recently authorised Crédit Agricole du Maroc to create its factoring subsidiary. The new structure - Crédit Agricole…

#bank#guarantees#management


ICC to hold 2nd edition of the Global Trade...

ICC UAE announces the 2nd edition of Global Trade Facilitation Summit 2023... (more…)

#emerging markets#exporters#risk


MODIFI enlarges partnership with DP World Trade Finance

In order to allow customers to perform multiple tasks from one platform, MODIFI, a global commerce platform has expanded its…

#DP World#MODIFI


Tadbiir launches factoring and leasing in Egypt

To better support the small and medium sized enterprises (SMEs) in Egypt and help improve the financial environment for customers,…

#banking services#financial services#international


World Bank approves US$120m to support access to finance...

The World Bank Board of Executive Directors has approved a US$120m loan for Tunisia to fund the project "Support to…

#World Bank


UAE and Saudi Arabia spearhead Middle East fintech sector

According to Arab News this week, ‘the year of the fintech is just getting started.’ Arab News, based in Riyadh,…

#supply chain finance

United Arab Bank joins UAE Trade Connect to combat...

United Arab Bank (UAB) has announced that it has joined UAE Trade Connect (UTC) as an official member.UTC, the fintech…

#blockchain#digitalisation#Fraud Prevention

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