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MENA

AfDB lends $200m to Egypt bank

The African Development Bank group (AfDB), the multilateral development finance agency for the African continent, has approved a loan totalling US$200m to the National Bank of Egypt to finance the government's small- and medium-sized enterprises support (SMES) project.  The AfDB's...

#AfDB#African Development Bank#African Development Bank Group

Clal Credit Insurance and Euler Hermes join in credit...

For the first time, Clal Credit Insurance, a subsidiary of Clal Insurance Enterprises Holdings Ltd., has signed an agreement to…


Lloyds TSB Dubai appoints new commercial bankers to SME...

Lloyds TSB has strengthened its Commercial Banking team and has appointed (more…)


Taageer Finance announces IPO date

Taageer Finance, Oman's youngest leasing and finance company, is entering the capital market with an initial public offering (IPO) of…

#bank#banks#Paid


Arab agency extends US$45m line of credit to Lebanon

The Arab Trade Financing Programme (ATFP) announced yesterday that it has extended a US$45m line of credit to Lebanon's (more…)

#banks#exporters#trade


Clal Finance launches alternative to business credit banking

Clal Finance, a subsidiary of Clal Insurance, has launched a business credit service provider to compete against banks by offering…


Iran creates export guarantee fund

According to the Export Promotion Bureau (EPB), the Iranian embassy has approved the establishment of Export Guarantee Fund of Iran…

#ABN AMRO#bank#Deutsche Bank


Programme aimed at building relationship between SMEs and banks

At a meeting organised by the For-Jordan Programme, representatives of both SMEs and banks identified the obstacles hindering the flow…


IFC invests in Egypt’s first export factoring company

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, recently signed an agreement to invest…


Taageer Finance and IFC ink US$10 million loan deal

Oman's youngest finance and leasing company, Taageer Finance, yesterday signed a loan deal with International Finance Corporation (IFC), a member…

#bank#international#receivables


Persia International Bank implements Surecomp’s IBSnet

Surecomp, a leading provider of trade finance solutions for the wholesale banking industry, has announced that London-headquartered Persia International Bank…

#bank#financial services#guarantees


New push to help SMEs access capital

Help is on the way for cash-strapped small- and medium-sized businesses (SMEs) in Bahrain. They are to get help from…

Shaikh Khalifa Fund to help SMEs

The President His Highness Shaikh Khalifa bin Zayed Al Nahyan, a ruler of Abu Dhabi, has issued law No. 14…

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