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MENA

Egypt receives $400m from Islamic trade financier

The trade financing arm of the Islamic Development Bank (IDB) has offered US$400 million to help Egypt finance imports of petroleum products, wheat and other foodstuffs, according to Egypt's official news agency MENA. (more…)

#bank#IMF#international

Mashreq appoints new head of SME banking

Mashreq, one of the UAE's financial institutions, has appointed Hameed Noor Mohamed as their new Head of SME Banking. (more…)

#ANZ#bank#management


EBRD: Egypt needs civilian gov’t in place to allow...

The European Bank for Reconstruction and Development (EBRD) has stressed the urgency for a civilian government in Egypt, as full…

#bank#banks#economy


Traditional factoring takes root in Jordan

Ilyas A. Khan, Director of Transaction Banking at Standard Chartered and Marius Savin, Director of Transaction Banking, Standard Chartered Singapore,…

#bank#exporters#invoice


Emirates NBD: SME lending up 30 per cent

Emirates NBD has announced that its lending to SMEs has grown 30 per cent this year and plans to double…


Coface and CBD partner for factoring services

The United Arab Emirates branch of the global credit insurer Coface and the Commercial Bank of Dubai (CBD) have signed…

#bank


HSBC's SME fund in UAE snapped up

HSBC has announced that its second $100 million SME fund, a dedicated fund for United Arab Emirates (UAE) SMEs, has…


ECGD heads back to Libya

ECGD, the UK's export credit agency (ECA), has resumed cover for British exports to Libya. (more…)


NBAD launches three SME accounts

The National Bank of Abu Dhabi (NBAD), has added three new business current accounts exclusively for SME clients. (more…)

#bank#economy#GDP


HSBC Qatar hires Zaidi as supply chain head

HSBC has made an internal appointment to make Farhan Zaidi the head of trade and supply chain for the bank…


ECGE general manager resigns

Alaa Gouda has resigned from his role as general manager of the Export Credit Guarantee Company of Egypt (ECGE), reports…


Tunisie Factoring given a BBB rating by Fitch

Fitch Ratings has affirmed Tunisie Factoring's (TF) national long-term rating at 'BBB' and short-term rating at 'F3'; the outlook for…

#liquidity#management#receivables

Abu Dhabi Commercial Bank to develop special SME 100...

Dubai SME and Abu Dhabi Commercial Bank sign partnership on privileges for Dubai SME 100 companies (more…)

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