UAE

HSBC Middle East has signed an agreement with the United Arab Emirates Ministry of Economy to provide financial support to the region s SMEs, a move which could promote factoring in the region.

Peter Ball, Regional Manager Factoring, HSBC Bank Middle East in the United Arab Emirates (UAE) talks to Factorscan about insolvency laws and client flight in the Emirates, the reticence of the credit insurers during the recent downturn and why the underlying strength of the Emirati economy will help to it through the recent economic storm.

Director of Supply Chain and Open Accounts at Standard Chartered UAE, Krishnakumar Duraiswamy, has spoken of the difficult trade finance situation in the UAE

The Sharjah Chamber of Commerce and Industry (SCCI) is to liaise with banks to help SMEs cope with the economic slowdown

Peter Ball, Regional Manager of Factoring for HSBC in the United Arab Emirates, talks to Factorscan about the make-up, development and future of the factoring offering in the UAE and the wider Middle East.

Abu Dhabi Commercial Bank announced the launch of three new loan products targeted at Small Medium Enterprises customers, further strengthening its commitment to the SME sector in the UAE.

Specialist banks should be set up to finance small and medium enterprises (SMEs), say experts.

More than 200 prominent industrial leaders from across the globe will gather in Dubai today for the region's first International Small and Medium Sized Enterprises (SMEs) Forum.

The Economic Zones World (EZW), announced an ambitious SME initiative to revitalise the industrial sector in the region.

Despite tight liquidity, some banks in the UAE are still lending to small and-medium scale enterprises.