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MENA

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 in its profit for the first nine months of the year. The profit trends indicate yet another record profit for...

#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


Taageer Finance lease and factoring income doubles in first...

Taageer Finance Company SAOC, the youngest non-banking finance company in Oman, reported a 2.7 times jump in its net profit…

#bank#investment#leasing


Omani factor and specialist SME financier listed on BSE

A third Omani company was listed on the Bahrain Stock Exchange (BSE) yesterday, prompting talk of the formation of a…


Business credit, export insurance and open markets are key...

Encouraging exports with the support of financial institutions is key to Lebanon’s economic revival according to experts at the 9th…


GERLING deal will help Clal Credit Insurance expand export...

The changes in the ownership of Gerling NCM Credit and Finance, a part of Germany’s Gerling Group, will help Clal…

#bank#Deutsche Bank#export credit insurance

Syrian private sector SMEs to benefit from 25 million...

The Syrian Government has agreed to provide the European Investment Bank (EIB) with a guarantee for the loans the EIB…

#bank#banks#guarantee

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