article author: Arab NewsAuthor: Mon, 2021-06-21 08:13
DUBAI: State-owned lender Emirates Development Bank (EDB) has signed a deal with a Dubai-based peer-to-peer platform to give small to medium-sized enterprises (SMEs) more funding options.
Under the deal, Dubai’s Beehive will distribute 30 million dirhams ($8.16 million) as loans to qualified businesses, with a focus on key sectors such as healthcare, manufacturing, food security and technology.
It is part of the EDB’s push to help SMEs in the UAE significantly increase their contribution to the country’s economy.Main category: Business & EconomyTags: Emirates Development BankDubaiUAEstartupsSME
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