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MENA

Fitch affirms Export Development Bank of Iran rating

Export Development Bank of Iran provides working capital, buyer's and supplier's credit, project finance, letters of credit and guarantees (more…)

Muskat Finance announces net profit increase, proposes cash dividend

The board of directors of Muscat Finance has adopted the financial statements for the year 2006 and recommended (more…)

#bank#leasing#security


Psagot Financing And Factoring Ltd to lead purchase of...

Gadish provident fund is to be acquired by a group of investors led by Psagot Financing And Factoring Ltd (PSFN).…


Traders need cash flow finance to reduce bad debt...

The lack of an effective payment settlement system is causing a massive pile up of bad debt in the market, forcing…

#awards#bank#international


Export credit insurance industry grows rapidly

The export credit insurance industry has witnessed rapid growth during this decade, said Abdul Rahman Taha, general manager of ICIEC.…

#export credit insurance#insurance#Two


SMEs to benefit from Paris III donor conference

The windfall from the Paris III donor conference means Lebanon's small- and medium-size enterprises (SMEs) can look forward to (more…)

#bank#conference#interest rates


Egypt 2006-2007: The opportunity to usurp banks proves great

It is the view of the small factoring industry here that factoring can offer a superior quality service to the local…


VC Bank announces closing of SME fund

Bahrain-based Venture Capital Bank has announced the first closing of its recently launched MENA Small Medium Enterprises Fund I L.P., the first…

#bank#emerging markets#international


FIMbank in factoring joint venture in Egypt

FIMbank PLC has announced the establishment of Egypt Factors, another joint venture in factoring in Egypt with Commercial International Bank…


Deadline for new rules on documentary credits

New rules on documentary credits will come into force in July next year, the International Chamber of Commerce (ICC) has…


3i Infotech expands in Saudi Arabia

3i Infotech is launching a fully owned subsidiary, 3i Infotech (Saudi Arabia), and will set up offices in Riyadh, Jeddah…


First credit bureau in UAE opens

UAE's first credit bureau, Emcredit, which seeks to play a key role in credit risk management, has opened its doors…

Middle East Lloyds TSB creates bespoke cash flow facility...

Steve Williams, chief operating officer at Middle East Lloyds TSB Group, estimates that there are up to 50,000 small businesses…

#bank#cash-flow#invoice

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