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MENA

Muscat Finance profit up 6%

Muscat Finance Co. has announced record profit after tax of RO1.88 million compared to RO1.77 million in the previous year, reflecting an increase of 6 per cent. The board of directors, at its meeting held on February 9, has adopted...

#bank#corporate finance#management

Interest rate “lowest ever”

Acting governor of the Bank of Israel Meir Sokoler cut the interest rate by 0.2 percentage points yesterday, leaving the…

#bank#interest#interest rate


ICIC to make credit insurance available to Israeli diamond...

The Israel Diamond Exchange (IDE) announced that it has finalized an unprecedented agreement with the Israeli Credit Insurance Company (ICIC),…

#bank#exporters#international


IFC to advise Export Development Bank of Egypt on...

The International Finance Corporation, the private sector arm of the World Bank signed an advisory services mandate to assist the…


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…

#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…

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