Web Financial Group announces partnership agreement with MENAFN Inc

Madrid and London, 7/12/2011. Web Financial Group S.A. (WebFG), a leading provider of hosted information services to the Financial Services Industry with headquarters in Madrid, today announced the partnership agreement with The Middle East North Africa Financial Network Inc (MENAFN) from Amman in Jordan.

WebFG will distribute MENFN news via its MFDS Data Warehouse platform as part of its managed service solution and MENFN will provide Arabic localization expertise for the growing interest in multi-lingual solutions from WebFG's customer base, and also offer WebFG technology to the MENA region.

“As part of our growth strategy to build partnerships with companies that can help us provide best-of-breed solutions” says Simon Walmsley, Director Global Partnerships, “and In order to meet the growing demand for Arabic content, we chose MENAFN who have the matching skills and solutions in order to help us provide such solutions” he added.

“We are delighted that WebFG has chosen to work with MENAFN as a strategic partner in the region for the implementation of Arabic localization services” says Sawsan Dababneh, CEO and Co-founder of MENAFN. "We at MENAFN have always been dedicated to providing business professionals and decision makers with needed market insight covering a wide variety of topics. The new partnership serves this purpose as it increases the exposure of MENAFN content through more channels that are in need of localized information and tools".

About Web Financial Group
Web Financial Group (WebFG) is Europe's leading independent provider of web-based solutions for the integration, presentation and promotion of financial market data and related products. Based on its unique offer of technology, advertisement and content for banks and financial media. It currently supports in excess of 70 million banking clients that utilize WebFG solutions each day, and also offers advertisement space on an European network comprised of more than 100 financial information websites with around 270 million monthly page impressions.

The Middle East North Africa Financial Network Inc (MENAFN) from Amman Jordan, is the leading provider of on- line and wireless financial content and financial technology platforms to leading institutions and consumers in the Arab world. MENAFN was founded in 2000 by a group of serial entrepreneurs with successful track records in the region.

MENAFN is currently offering a Wide range of services including sub-licensed financial and business content that covers regional and global markets across key industries, and market data feeds that cover Arab, U.S and other major markets indices and stocks as well as regional and global currency exchange rates, libor, energy and commodities rates. In addition, it provides non-financial content that includes weather forecast, prayer times, financial and wisdom tips, how-to guides and news items related to health, education, travel, politics, family and entertainment. MENAFN also provides copywriting and translation services as well as customized newsletter services.

For further information, please contact:

Simon Walmsley
Web Financial Group UK
Telephone: +44 207 868 5101
Email: sw@webfg.com

Haneen Saleh
Business Development
Telephone: +962 6 5690450
Email: Haneen.saleh@menafn.com