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MENA

Small businesses lead road to recovery

After three years of contraction, the number of small- and medium-sized businesses (SMEs) is expected to rise in 2004. According to figures from the Authority of Small and Medium-Sized Businesses, more than 40,000 new enterprises will be opened this year,...

IFTRIC and Israel Credit Insurance Company.

Israel Foreign Trade Risks Insurance Corp (IFTRIC) offers export insurance. The company was partially privatised in November 2001, when the…


Taageer Finance announces 85% jump in net profit in...

Oman's youngest finance company, Taageer Finance Company (SAOC), has posted an over 85 per cent jump in net profit for…

#bank#investment#leasing


ACMAR changes its name and launches new insurance policy

The world leader in credit insurance, Euler Hermes, is now the main shareholder of ACMAR, the leading credit insurance company…


Growing awareness leads to soaring demand for export insurance

Exporters' demand for sales credit insurance to Russia, China, Mexico and Romania soared in the first half of 2004. Israeli…


Euler Hermes acquires majority stake in Moroccan insurer

Euler Hermes, the French credit insurance firm, has become the majority shareholder of Acmar, Morocco's largest operator in the sector,…

#insurance


The challenges and opportunities in the banking sector

The UAE's banking sector is faced with several important issues once again. Anis Al Jallaf, chief executive and managing director…

#bank#banking services#cash management


Al Tomooh scheme expands to Sharjah

Al Tomooh, the Small Businesses Finance Scheme established by Emirates Bank is expanding its services outside Dubai. At a recent…


Report on short-term credit options

Most bank credits in Saudi Arabia are short-term in nature; they are usually self-extinguishing overdraft facilities or loan terms of…


JCCI trainees get priority for loans to set up...

Entrepreneurs who completed a four-week course on establishing small- and medium- sized enterprises (SMEs) at the Jeddah Chamber of Commerce…

#cash-flow#interest#smes


Lebanon targets money laundering

Central bank governor Riad Salameh announced Lebanon has become a role model for other countries in the region, following the…

#anti-money laundering#bank#banks


Factoring to emerge as key ingredient of financial supply...

The global shift in traditional trade finance methods to a global financial supply chain (FSC) based on open source account…

#bank#international#International Trade

IFC convenes conferences on SMEs

The North Africa Enterprise Development (NAED), a regional small- and medium-sized enterprise (SME) business development facility programme managed by the…

#bank#conference#international

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