Region - Middle East & North Africa
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.
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.
US Exim approves loan for Saudi Quaryyah IPP
US Exim has approved its involvement in the Saudi Quaryyah IPP project in Riyadh.
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.
BNY Mellon creates new treasury team
BNY Mellon has established a new treasury services sales team led by Emea sales manager Colin Robertson.
Baker Botts appoints Middle East partner
Christopher Aylward has joined international law firm Baker Botts as partner in its Middle East practice in Dubai.
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.
HSBC reopens in Libya
As a sign of growing confidence in Libya, HSBC has reopened its representative office in Tripoli.
Abu Dhabi bank joins GTFP
Abu Dhabi-based Union National Bank is the latest bank to join the IFC’s global trade finance programme.
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.
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.
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.
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.
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.
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.
