Trade Finance News

Region - Middle East & North Africa

January 25, 2012

Emea insurance rates expected to rise

Insurance rates for natural catastrophe risk and supply chain perils are expected to continue increasing in 2012 across Emea.

January 18, 2012

Barclays hires new Mena trade head

Barclays Corporate has hired Kersi Patel as its new head of trade and working capital in the Middle East.

January 13, 2012

US Exim approves loan for Saudi Quaryyah IPP

US Exim has approved its involvement in the Saudi Quaryyah IPP project in Riyadh.

January 10, 2012

GCC: Just out of reach

Financing availability for the GCC region is delicately poised as eurozone events begin to exert a wider toll, writes Kevin Godier.

January 04, 2012

BNY Mellon creates new treasury team

BNY Mellon has established a new treasury services sales team led by Emea sales manager Colin Robertson.

January 03, 2012

Baker Botts appoints Middle East partner

Christopher Aylward has joined international law firm Baker Botts as partner in its Middle East practice in Dubai.

December 13, 2011

Falcon Group sets up in Abu Dhabi

Boutique finance firm Falcon Group continues to expand its presence in the Middle East with the opening of an Abu Dhabi office.

November 29, 2011

HSBC reopens in Libya

As a sign of growing confidence in Libya, HSBC has reopened its representative office in Tripoli.

November 29, 2011

Abu Dhabi bank joins GTFP

Abu Dhabi-based Union National Bank is the latest bank to join the IFC’s global trade finance programme.

November 03, 2011

Iraqi telecom gets HSBC backing

HSBC has signed a US$24mn medium-term facility to finance telecommunications equipment and systems to Iraq-based mobile operator Asiacell.

November 02, 2011

Lebanese banks escape a double whammy

Lebanon’s trade has been harmed by domestic political upheaval and the turmoil affecting countries in the Middle East and North Africa. But strong Lebanese banks are still reporting growth. After all, they know their way around a crisis. Nick Lord reports.

October 31, 2011

Saudi smelter attracts next phase funding

Saudi Arabian mining firm Maaden has brought in more than a dozen financial institutions to fund the second phase of its US$10.8bn aluminium joint venture with metals multinational Alcoa.

October 25, 2011

Banque Du Caire chooses new CEO

HSBC Egypt managing director Mounir El Zahid has left his post to join Banque Du Caire as chairman and chief executive officer.

October 19, 2011

Mena trade predicted to soar

Egypt has been singled out to experience the fastest growth in international trade volumes by 2025, according to a new report.

October 18, 2011

CBD launches factoring services

The Commercial Bank of Dubai is teaming up with Coface’s Middle East business to expand its trade-related portfolio by offering factoring services.

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Banks are jostling for a stake in South Africa’s promising renewable energy sector. Will this be the next best thing for the project finance market, asks GTR deputy editor Shannon Manders?

The results of GTR's Best Deals 2011 have now been announced.
 

GTR's Middle East and North Africa Leaders in Trade 2011 online poll is now open.

GTR MENA LEADERS IN TRADE AWARDS 2011

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