UAE

Middle East customers are increasingly defaulting on payment, credit insurers warn.  

Abu Dhabi-based Khalifa Fund will continue to inject funding into 100 new projects this year in the SME sector.

Many of the UAE's small businesses, considered to be the backbone of the economy, are facing acute shortage of financing from banks, a study says

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

Businessmen in Dubai lauded the Dubai Government for setting up a credit insurance facility that seeks to protect UAE-based exporters against the risk of payment defaults by buyers in overseas markets

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

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

Union National Bank (UNB), one of the UAE's leading banks, has announced the launch of a new product that offers Small and Medium Business Enterprises (SMEs) loans to rent commercial properties including office premises, shops, warehouses and factories.

The Islamic Corporation for Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IDB) Group, registered a 71% increase in business insured in 1428H (2007-2008G) for the first time in the corporation s history, reaching a total of US$1.47bn.

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