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EDB and RAKBANK Launch AED 1 Billion Fund to Support UAE MSMEs - Fintechnews Middle East
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EDB and RAKBANK Launch AED 1 Billion Fund to Support UAE MSMEs - Fintechnews Middle East
In a move to support MSMEs in the UAE, Emirates Development Bank (EDB) and RAKBANK have launched a joint financing initiative worth AED 1 billion. Announced during the Make it in the Emirates Forum at the ADNEC Centre in Abu Dhabi, the programme aims to improve access to funding for businesses in key national sectors. The co-financing arrangement, with AED 500 million contributed by each institution, is among the region’s largest mSME-focused le…
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