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UAE

Mashreqbank to develop factoring and leasing

Mashreqbank said yesterday it would offer small business-owner loans that are currently provided by its subsidiary Osool (more…)

Commerce hails new credit insurance facility

Businessmen in Dubai lauded the Dubai Government for setting up a credit insurance facility that seeks to protect UAE-based exporters…


Dubai Bank goes live with new trade finance system

Dubai Bank, a Dubai Group company, has announced its successful implementation of Trade Innovation, a new automated Trade Finance System.…


IFC announces Islamic financing solutions for SMEs

Islamic Finance Company (IFC) announced the commencement of full scale shariah compliant financing solutions for SMEs (more…)


UNB launches commercial rent loan for SMEs

Union National Bank (UNB), one of the UAE's leading banks, has announced the launch of a new product that offers…


ICIEC posts 71pc rise in business insurance

The Islamic Corporation for Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IDB) Group,…

#bank#ECI#export credit insurance


Khalifa Fund aims to boost SMEs

The Khalifa Fund for SMEs is working on the establishment of a new venture capital fund. (more…)

#Boost#interest#interest rate


Khalifa Fund gives Dh40m to small firms

The Khalifa Fund for supporting SMEs announced that the total value of funding in the past six months reached Dh40m.…

#funding#smes


DEDC to implement exporter credit insurance scheme

The Dubai Export Development Corporation will implement a credit insurance scheme for exporters within the next few months. (more…)

#awards#exporters#financial services


MENA Factors first in factoring and forfaiting at DIFC

National Bank of Dubai and FIMBank plc have announced that MENA Factors Limited, a joint venture between the two banks,…

#bank#exporters#financial services


Banks in UAE put curbs on Iranian trade finance

UAE-based banks, both local and foreign, have mostly stopped issuing letters of credit (LCs) for trade finance. (more…)


Emirates NBD named best trade finance provider

Emirates Bank, was named best trade finance provider in the UAE for 2007 by Global Finance Magazine. (more…)

#awards#bank#international

Euler announces new head of commercial for the Gulf

Euler Hermes opened its first Middle East office in Dubai four months ago in conjunction with local partner, Alliance Insurance.…

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