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MENA

Noor Bank in UAE gains membership to FCI

This significant membership will enable Noor Bank to leverage the FCI network in more than 90 countries to offer export and import factoring facilities to clients in the UAE.This significant membership will enable Noor Bank to leverage the FCI network...

#bank#international#receivables

Abu Dhabi’s ADGM publishes proposed regulatory framework for alternative...

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) today published a discussion paper setting out its…

#alternative financing#financial services#platforms


Dubai invoice finance fintech buys minority stake in partner...

Dubai-based fintech start-up ... has bought a minority stake for an undisclosed amount in its Mumbai-based partner... (more…)

#banks#invoice#Invoice Bazaar


Tawreeq Holdings awarded “Best SME Supply Chain Finance Solutions...

Tawreeq Holdings, a comprehensive Supply Chain Finance (SCF) solutions provider for Small and Medium-size Enterprises (SMEs) and their corporate clients,…

#insolvency#international#platforms


UAE bank allocates US$272m for SME financing

Obaid Al Tayer, the Minister of State for Financial Affairs and chairman of Emirates Development Bank, said SMEs are the…

#SME lending


Qatar to set regulatory framework for non-bank financial companies

Qatar is all set to create a strategic plan and comprehensive regulatory framework for non-bank financial companies (NBFCs),... (more…)

#bank#regulation#SME financing


Draft rules for entry of int’l credit institutions in...

The High Council of Free Trade Zones (FTZs) has announced that a draft version of regulations for the operation of…

#regulation


UAE Ministry of Finance approves first purchase invoice with...

The federal financial system has been updated and is ready to manage all VAT-related financial transactions... (more…)

#invoice#management#purchase order


Egyptian bank expects to start factoring services in Q1...

Egyptian investment bank...expects to begin offering factoring services in the first quarter of 2018 as... (more…)

#bank#EFG Hermes#financial services


Afreximbank provides US$150m for Egyptian factoring companies

The African Export-Import Bank (Afreximbank) is providing US$150m for Egyptian factoring companies within 5 years... (more…)

#alternative financing#bank#funding


€50 million EBRD loan to Banque de Tunisie to...

The EBRD is providing Banque de Tunisie with a financing package that consists of a... (more…)

#bank#international#International Trade


EIB and Banque Misr provide €250m to finance SMEs...

The European Investment Bank (EIB) signed a financing agreement of EUR 250 million with Banque Misr to ... (more…)

#bank#Banque Misr#SME financing

UAE DS-Concept provides US$5 million export factoring facility

DS-Concept has funded an Indian textile titan with an export factoring facility in the amount of US$5 million... (more…)

#interest rates#international#International Trade

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