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Beehive, the Middle East’s pioneering digital SME lending platform, has signed a non-binding offer letter with Themar, a licensed crowdfunding platform in Saudi Arabia. The proposed partial acquisition, subject to regulatory approval, marks a significant milestone in Beehive’s expansion into...
#Beehive#SME financing#Themar
CredibleX, a fast-growing embedded finance provider in the UAE, has secured a US$100m credit facility from US-based private credit firm…
#CredibleX#embedded finance#Pollen Street Capital
International Holding Company (IHC) has finalised the acquisition of eFunder, a UAE-based private financing platform for small and medium-sized enterprises…
#Abu Dhabi Global Market#financial services#Financial Services Regulatory Authority
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, recently celebrated the achievements of its flagship initiative, the 'Xport…
#Ajman Bank#Al Maryah Community Bank#Commercial Bank of Dubai
In a major boost for UAE-based micro, small and medium enterprises (MSMEs), Emirates Development Bank (EDB) and RAKBANK have announced…
#ADNEC Centre#Emirates Development Bank#Ministry of Industry and Advanced Technology
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has launched a new…
#Dubai Financial Services Authority#Dubai International Financial Centre#financial services
Mastercard announced its collaboration with CredibleX to integrate its Small Business Credit Analytics (SBCA) platform into CredibleX’s integrated financing offering.…
#CredibleX#Hassan Reda#Mastercard
Deem Finance LLC (Deem), a specialised finance provider regulated by the UAE Central Bank, has entered into a pioneering asset-backed…
#Ahmed Khizer Khan#Deem Finance#J.P. Morgan
RAKBANK, one of the UAE's oldest banks, has announced a strategic partnership with Faturalab, a leading Turkey’s provider of smart…
#Faturalab#Rakbank#supply chain finance
Al Masraf (The Arab Bank for Investment and Foreign Trade) has signed a strategic partnership with Finneva Information Technologies LLC…
#Al Masraf#Finneva#scf
Invest Bank, one of UAE’s leading financial institutions, has onboarded Veefin Solutions, a leading provider of digital supply chain finance…
#Edris Al Rafi#Gautam Udani#Invest Bank
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has announced a partnership with Reem Finance, a leading UAE…
#export finance#trade credit insurance
Emirates Development Bank ("EDB" or "the Bank"), the key financial engine of UAE economic development and industrial advancement, and Ajman…
#Ajman Bank#EDB#sme finance