UAE

Euler Hermes has an expanded interest in the Middle East in the IT channel business where it has won over quite a few distributor accounts. Bruno Samonini, Regional Manager (Middle East) at Euler Hermes Credit Insurance speaks with RWME.

Trade credit insurer Euler Hermes, a subsidiary of AGF and a member of the Allianz Group, has opened an office in Dubai in cooperation with its local partner, Alliance Insurance.

TDME s growth strategy has received a clear endorsement from credit insurer Euler Hermes, which has agreed to provide the distributor with US$100m of cover.

The Emirates Bank has been named the United Arab Emirates' (UAE) Best Trade Finance Provider 2007 by Global Finance magazine, based on inputs from

The prestigious award will be presented at this year's Annual meeting of the IMF World Bank being held at Washington. Global Finance editors select the best trade finance provider based on inputs from industry analysts, rating agencies, corporate executives and technology experts.

The lack of an effective payment settlement system is causing a massive pile up of bad debt in the market, forcing many small-time players to concede losses

UAE's first credit bureau, Emcredit, which seeks to play a key role in credit risk management, has opened its doors for business

Steve Williams, chief operating officer at Middle East Lloyds TSB Group, estimates that there are up to 50,000 small businesses in Dubai with less than 50 employees and revenues of not more than Dh25m

Al Tomooh, the scheme set up to help support small- and medium-sized enterprises (SMEs) national businesses in the UAE, has handed out finance to around 90 fledgling operations

In line with its objective of a focused and tailored approach to the specific needs of small- and medium-sized enterprises, HSBC is offering the Business Credit Facility, under which up to