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MENA

Saudi Credit Bureau database helps SMEs qualify for loans

The newly established Saudi Credit Bureau, the only one of its kind in the Middle East, has announced that its database would in future help small- and medium-sized enterprises (SMEs) qualify for bank loans. In a joint interview with Arab...

#bank#international#risk

Leasing company shareholders approve move into debt factoring

At the extraordinary general meeting on 28 September 2004, the shareholders of Oman Orix Leasing approved the proposal of the…

#leasing


FDI on rise in Lebanon

Foreign direct investment (FDI) in Lebanon rose to US$358m in 2003 compared to US$257m in 2002, a jump of 12.1…


Emirates Bank promotes United Arab Emirates (UAE) expertise in...

As a major bank focused on assisting the UAE economy via expertise in international trade, Emirates Bank has combined its…

#bank#international#International Trade


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…


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…

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