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MENA

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, by increasing its stake from 34% to 55%. Source: Les Echos

#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


Regional businesses in dire need of reform

The 14th International Scientific Conference, entitled “Development Horizons for Small- and Medium-Sized Enterprises” (SMEs), was held on 13 April. The…

#bank#conference#international


Syrian textiles, apparel producers in a tangle

The textile and apparel sector is tied to the state's monopoly in ginning and exposed simultaneously to an indiscriminate marketplace.…

#exporters#exports#global trade


Creative import procurement and financing options

A high-profile presentation on creative import solutions by UAE-USA joint venture firm, Al Taasees, was opened in Dubai yesterday by…

#bank#exports#interest rates


Foreign direct investment below expectation

The Investment Development Authority of Lebanon (IDAL) has said that in 2002 Lebanon recorded a dramatic increase in Arab Foreign…

#conference#guarantee#investment

The year 2003 was a good one for the...

The Special Investigation Commission (SIC), which was set up by the authorities to investigate money-laundering activity in Lebanon, received 272…

#bank#banks#Clear

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