Tag: SMEs
AFS, Xpence partner to innovate SME finance in Bahrain
The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector
Emirates NBD unveils criteria for SMEs to participate in ‘Dubai Growth Initiative’
The first phase of the initiative is open to Dubai-founded SMEs in select sectors including food and beverage, FMCG and e-commerce
Al Baraka Bank Egypt, Mastercard partner to advance banking experience
The collaboration is expected to cater to the needs of individuals in the realm of digital payments and streamline corporate expense management
Emirates NBD-Egypt, GV Developments partner to develop Tarboul Industrial City
Emirates NBD-Egypt is strengthening Tarboul Industrial City’s development by providing the project’s feasibility study
Egyptian Paymob, Tamara partner to advance GCC SMEs growth
The deal between two of the MENA region’s fastest-growing fintech companies creates a payments ecosystem that enables merchants to offer seamless customer experiences
Al Baraka Bank Egypt, IFC partner to support SMEs
The multilateral bank’s $50 million Murabaha finance to Al Baraka Bank Egypt will allow the bank to increase financing to thousands of SMEs in the country.
Banque Misr secures $234 million from IFC to support SMEs
The loan to Banque Misr will catalyse job creation in Egypt through its focus on providing financing to micro and small businesses
Mastercard, tmam partner to help GCC SMEs digitise corporate expenses
The collaboration will help small businesses digitise their corporate expenses while saving money on company spending.
Afreximbank, China Development Bank sign $400 million loan to fund SMEs
The financing will support African SMEs involved in extra- and intra-African trade and those engaged in the productive sectors in Afreximbank member states
Al Baraka Bank posts EGP 1.02 billion in profit H1 2023
The bank achieved a net profit margin of 5.2% compared to 4.3% in the first half of 2022