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Bahrain Development Bank (BDB), a leading financial institution dedicated to supporting small and medium-sized enterprises (SMEs) in the Kingdom of Bahrain, has formalised an agreement with Aluminium Bahrain (Alba) to launch a supply chain finance (SCF) solution for Alba’s SME...
#Aluminium Bahrain#Bahrain Development Bank#supply chain finance
Finastra, a global leader in financial services software, announced that AlRayan Bank, one of Qatar’s largest Islamic banks with an…
#AlRayan Bank#Finastra#Shariah-compliant
Saudi Arabian fintech startup RIFD has secured strategic investment from global venture capital firm Antler, marking a significant step in…
#Antler#receivables securitisation#RIFD
In a strategic move to strengthen its energy and food security needs, Egypt has secured US$1.8bn in trade financing from…
#Egyptian General Petroleum Corporation#General Authority for Supply Commodities#ITFC
Eazy Financial Services (EazyPay) has introduced Mastercard Receivables Manager to the Bahraini market, becoming the first acquirer in the country…
#APIs#digital payments#Eazy Financial Services
Housing Bank has introduced a landmark initiative in the Jordanian financial sector by launching the country’s first supply chain finance…
#invoice managemnet#operational risk#reverse factoring
Al Baraka Bank Egypt has finalised two significant agreements with the Islamic Corporation for the Insurance of Investment and Export…
#Al Baraka Bank Egypt#bank master policy#cross-border trade
International Holding Company (IHC) has finalised the acquisition of eFunder, a UAE-based private financing platform for small and medium-sized enterprises…
#Abu Dhabi Global Market#financial services#Financial Services Regulatory Authority
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
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 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
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
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