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National Bank of Dubai and FIMBank plc have announced that MENA Factors Limited, a joint venture between the two banks, has commenced operations at the Dubai International Financial Centre. (more…)
#bank#exporters#financial services
UAE-based banks, both local and foreign, have mostly stopped issuing letters of credit (LCs) for trade finance. (more…)
Emirates Bank, was named best trade finance provider in the UAE for 2007 by Global Finance Magazine. (more…)
#awards#bank#international
Sources say Coface, which owns the controlling interest in BDI is planning to extend its activities in Israel by establishing a factoring…
Bank Hapoalim credit card subsidiary Iscacard Ltd. has signed an memorandum of understanding to acquire 51% of Global Factoring Ltd.…
Israeli Credit Insurance Company Ltd. says that exporters had US$275m in debts more than 30 days in arrears at the…
Mizrahi Tefahot Bank has begun setting up a factoring subsidiary. (more…)
Maroc Factoring posted a significant rise in turnover. (more…)
#bank
Euler Hermes opened its first Middle East office in Dubai four months ago in conjunction with local partner, Alliance Insurance.…
Saed Al Awadi, CEO, Dubai Export and Development Corporation (DEDC) explained that one of the goals of the DEDC is…
#exporters#exports#international
Dubai Export Development Corporation (DEDC) aim to have initial systems for its five-year goals by early next year, including the…
The Tunisian banking sector continues to grow with high net profits and thriving clearing, development, merchant and offshore banking sectors. …
#bank#debt collection#international
Muscat Finance Company is bullish on the domestic leasing and finance industry and the factoring services growth prospects. (more…)
#debt collection#guarantees#invoice