UAE

Emirates NBD has announced that its lending to SMEs has grown 30 per cent this year and plans to double that business over the next three years.

The United Arab Emirates branch of the global credit insurer Coface and the Commercial Bank of Dubai (CBD) have signed a partnership agreement to provide factoring services to its corporate and commercial customers.

The National Bank of Abu Dhabi (NBAD), has added three new business current accounts exclusively for SME clients.

Dubai SME and Abu Dhabi Commercial Bank sign partnership on privileges for Dubai SME 100 companies

Multilateral export credit insurer opens an office in Dubai to help to spur trade financing by easing risk aversion among banks

Dubai Chamber of Commerce to create a taskforce to push forward SME financing

Dubai export credit agency seeks more funding

Former Standard Chatered s director to head new business in DBS Bank

Risk premiums seen up 15-20 pct for UAE exporters, as demand for credit insurance continues to grow.