Under the MoU, Ajman Bank will offer up to AED 10 million financing to SMEs and 50% of the facility amount will be either guaranteed or co-lent by EDB
Emirates Development Bank
Beehive
Emirates Development Bank and Beehive sign $8.2m financing deal for SMEs
Strategy agreed aims to help SMEs across the UAE access finance and grow their business
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debt market
UAE federal bank planning second-ever sale of dollar debt
Emirates Development Bank, which started operations in 2015 and provides financing to citizens and small- and medium-sized enterprises, could raise $750 million or more
Emirates Development Bank
Why Emirates Development Bank CEO has confidence in ‘ambitious’ $8.2bn strategy
Under the new strategy, the bank has allocated a portfolio of AED30bn to support priority industrial sectors over a five-year period, which will contribute to financing more than 13,500 SMEs, creating 25,000 jobs
Abu Dhabi government
SME support is key to future growth in UAE
Support for SMEs in the UAE will pay rich economic dividends as recovery from coronavirus continues
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Dr Ahmad Belhoul Al Falasi
Emirates Development Bank Strategy is $8.2bn blueprint to drive UAE economy
Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises, said strategy will ‘pave the way for a new era of sustainable economic integration’
EDB Strategy
UAE’s $8.2 billion strategy approval is a ‘game-changer’ for start-ups & SMEs
Emirates Development Bank Strategy provides much-needed support for the country’s small and medium businesses, especially women-led businesses, which have been struggling since the pandemic
EDB Strategy
UAE businesses and start-ups to benefit from $8.2bn strategy approval
Emirates Development Bank Strategy launched to support the recently announced ‘Operation 300bn’
Arabian Business StartUp
Emirates Islamic inks deal to join $27m SME financing scheme
First Islamic bank signs agreement with Emirates Development Bank to be part of its Credit Guarantee Scheme
bonds
Emirates Development Bank lists debut $750m bond on Nasdaq Dubai
Total value of all conventional bonds and sukuk on Nasdaq Dubai has now reached $77.78 billion from 99 listings
Bond sale
UAE federal bank to sell bond following passage of debt law
New law gives its less wealthy emirates access to debt at lower interest rates
Abdul Aziz Al Ghurair
Revealed: $27m scheme to boost SME funding in the UAE
Emirates Development Bank has announced the launch of the new Credit Guarantee Scheme
apps
Children’s app wins funding from Mohammed bin Rashid Innovation Fund
Lamsa delivers diverse interactive content focused on education and entertainment for children
Dubai
Dubai bank EDB launches direct funding for start-up programme
A second programme provides credit guarantees for SMEs in the UAE