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MENA

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 in Cairo (CIB) (more…)

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


Muscat Finance posts RO1.83m profit

Muscat Finance Co. Ltd, the pioneer in debt factoring, leasing and hire purchase services in the Sultanate, has reported a…

#leasing#Paid#smes


CBK signs credit line agreement

Within the endeavours to promote the trade exchange and drive development process among Arab countries, a credit line agreement has…

#bank#banks#economy


Al Tomooh finances 90 SMEs

Al Tomooh, the scheme set up to help support small- and medium-sized enterprises (SMEs) national businesses in the UAE, has…

#interest#Jobs#smes


Bank Muscat supports SMEs through Al Wathbah programme lending...

BankMuscat has been supporting the small and medium scale enterprises (SMEs) in the Sultanate through Al Wathbah programme, which offers…


HSBC's Business Credit Facility for SMEs

In line with its objective of a focused and tailored approach to the specific needs of small- and medium-sized enterprises,…


Barclays receives banking licence to operate in Qatar

Barclays Bank has announced that it has been granted a banking licence by the Qatar Financial Centre Regulatory Authority to…


Israel Lands Development Co sells ICIC

Israel Land Development Company (ILDC), owned by the Nimrodi family, announced the completion of the  deal, adding that its net…

#insurance#investments#Two

UGB signs credit line agreement with Arab Trade Financing...

United Gulf Bank and the Arab Trade Financing Program (ATFP) have signed an agreement to encourage financing of Arab trade.…

#bank#exporters#financial institution

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