Al Tomooh scheme expands to Sharjah
Al Tomooh, the Small Businesses Finance Scheme established by Emirates Bank is expanding its services outside Dubai.
Al Tomooh, the Small Businesses Finance Scheme established by Emirates Bank is expanding its services outside Dubai.
The global shift in traditional trade finance methods to a global financial supply chain (FSC) based on open source account terms has seen factoring emerging as a key trade finance source across the world and the trend is catching up in the Middle
A high-profile presentation on creative import solutions by UAE-USA joint venture firm, Al Taasees, was opened in Dubai yesterday by H.E. Dr. Mohammed Khalfan bin Khirbash, UAE Minister of State for Finance and Industry.
As margins shrink, corporate banking will also need to change and bankers will have to look at increasing their revenue flow from more off balance sheet activities and raising the ratio of their fee and commission incomes from what it is today.
HSBC has launched a new service specifically designed to assist businesses with financing against their outstanding invoices for both their domestic and export sales.