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MENA

United Finance net profit up 10%

United Finance Company SAOG (UFC), one of the fastest growing non-banking financial institutions in Oman and the Middle East, has reported a 10 per cent jump in net profit for the year ended 31 December 2003 to RO1.289 million (US$3.35m)...

#bank#financial institutions#leasing

Kuwait firm to pick up 14% stake in Oman...

Global Investment House, one of the leading investment majors in Kuwait, which is listed on the Kuwait Stock Exchange, will…


Many companies stuck in small business loan fund bottleneck

The chairman of the Knesset Finance Committee Subcommittee for Examining the Effects of the Financial Crisis on Small Businesses, MK…

#bank#banks#crisis


Interest rate cut by 0.4%

Bank of Israel governor David Klein announced a 0.4 percent cut in the interest rates on 30 December, as was…

#bank#interest#interest rate


International Finance Corporation to finance SMEs

The International Finance Corporation (IFC) is finalising a deal to provide a credit line to Syria's banking sector, to be…

#bank#financial institution#international


Muscat Finance grows steadily

Muscat Finance Company, the pioneer in debt factoring, leasing and hire-purchase services in the country has reported a steady growth…

#interest#leasing


Supervisor of Banks to restrict overdrafts in favour of...

Supervisor of Banks, Yoav Lehman, is drafting new guidelines for banks that will reduce drastically the availability of overdrafts on…

#bank#banks#interest


“Competitiveness” Key to SME Development

The city of Adaba in Jordan will play host to a major regional conference: “Competitiveness” Key to SME Development. The…


NIS30 million state fund to give loans to small...

The new fund for loans to small businesses will begin operations in the next few days after the Knesset Finance…

#bank#recession#security


Importance of SMEs recognised by Industry Minister

Minister of Industry, Trade and Labour Ehud Olmert, speaking at the World Association of Small and Medium Enterprises (WASME) Conference,…


European Investment Bank to fund SME loans

The European Investment Bank (EIB) announced yesterday (10 September) that it is providing Ђ40 million for financing capital investment projects…


HSBC launches new factoring service

HSBC has launched a new service specifically designed to assist businesses with financing against their outstanding invoices for both their…

#financial services#international#international factoring

IFC assists Commercial International Bank to develop finance facilities...

The International Finance Corporation (IFC) has signed an advisory services mandate to assist Egypt’s leading private financial institution, Commercial International…

#bank#financial institution#financial services

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