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MENA

Demand for receivables finance will grow by end of...

Businesses in the UAE are increasingly looking to banks to finance their receivables and export and import activity as they return to basics and focus on developing trade, a senior banker said. (more…)

SAMA chief calls on improving conditions for SMEs

Muhammad Al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), has emphasized the need for increasing the contribution of small…

#banks#GDP#international


SMEs will get their own legislation next year

The UAE has finalised a landmark draft law governing small and medium enterprises (SMEs) as part of a drive to…


Credit insurer predicts hard times for Israeli ...

Israeli Credit Insurance Company Ltd. (ICIC) recently updated its forecast for Israel's key export markets in Europe and the US…


Ministry of Finance urges banks to lend more to...

The UAE s Ministry of Finance, (MoF) on Wednesday urged the country s banks to step up lending to SMEs…


New player on Tunisian factoring scene

Tunisian business group Poulina have entered the country s factoring market by launching the Medfactor Group. The Group, with 10…

#bank#banks#leasing


EDC launches financial assistance scheme to help SMEs boost...

The Dubai Export Development Corporation (EDC), an agency of the Government of Dubai s Department of Economic Development, has launched…

#exporters#exports#international


Abraaj Capital receives US support for SME funding

UAE private equity group Abraaj Capital has received $150m investment in its small business fund from US trade promotion agency…


HSBC allocates US$100 million to meet strong demand for...

Almost all of HSBC s US$100 million (Dh367.2m) fund to support small businesses in the UAE has been allocated amid…


Fitch affirms Union de Factoring Stable Outlook

Fitch Ratings has affirmed Union de Factoring's (Unifactor) National Long-term rating at 'BB(tun)' with a Stable Outlook and its National…

#bank#credit risk#liquidity


HSBC Amanah opens its first dedicated Islamic banking branch...

HSBC Amanah yesterday opened its first branch dedicated to Shariah compliant products and services in Qatar. (more…)

#bank#banking services#international


Doha Bank to launch SME support packages

Doha Bank branch in the UAE on Tuesday announced the introduction of a new financing package for small and medium-sized…

SME finance sector could face significant competition from Islamic...

According to Moinuddin Malim, CEO of Mashreq Al Islami, Islamic finance could see growth in the SME commercial finance and…

#cash-flow#commercial finance#i

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