His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the Emirates Development Bank (EDB) Strategy to provide a sizeable Dhs30 billion financial support to businesses and start-ups in a major step to drive the national economy.
Launched to support “Operation 300bn,” the EDB Strategy aims to leverage the Bank’s role as a key driver of the national economy to provide the largest support network for the industrial sector.
Sheikh Mohammed said, “Advancing the national economy is a top priority that requires a joint effort of all our economic entities in the coming phase.”
He added, “We must adopt a distinctive vision that meets global trends and sustains development to maximise the industrial sector’s revenue and boost the broader economy.
“The Emirates Development Bank Strategy presents a giant leap that will leverage the bank’s role as a key driver of the national economy. Providing effective financial solutions will support the role of SMEs as main players in shaping our national economy.”
Denne historien er fra April 06, 2021-utgaven av Gulf Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 06, 2021-utgaven av Gulf Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Bayern's bid for 10th German League title boosted by rivals' disarray
Bayern are cruising unbeaten at the top of the league table under new coach Nagelsmann and their challengers from last season are in disarray. They have won their last nine matches in all competitions and scored at least three goals in each game
Pakistan Pavilion at Expo spotlights Balochistan
Visitors will get to see the strides women in Pakistan have made and the importance of their development
Defence cooperation between UAE, Pakistan grows stronger
Sheikh Mohamed and General Bajwa discussed relations of friendship and joint coordination between the two countries in defence and military affairs
England's Buttler reiterates to pull out of Ashes tour if not allowed to meet family in Oz
But whether the wicketkeeper-batsman also features in the five-Test Ashes series is open to doubt amid questions over the severity of COVID-19 restrictions confronting Joe Root’s men in Australia
Balmain celebrates ten years with designer at Paris Fashion Week
An emotional recorded message by Beyonce opened the evening show, paying tribute to the French designer who she said strove to put diversity at the heart of his fashion
Brazil's Palmeiras Advance To Copa Libertadores Final Again
BELO HORIZONTE: Defending champions Palmeiras booked their place in the final of the Copa Libertadores on Tuesday, securing a batling 1-1 against Brazilian rivals Atletico Mineiro to advance on away goals.
Chennai Look To Tighten Grip On Top, Hyderabad To Play For Pride
Chennai are siting at the top of the standings with 16 points, having won eight of their ten matches. They are in stupendous form and have been unbeaten in the UAE leg of the tournament. CSK have notched up three victories on the trot to maintain their stranglehold on the summit
Britain Deploys Soldiers To Deliver Fuel, Says Official
Petrol stations’ union says only 27% reported being out of gasoline while taxi drivers say there appeared to be little signs of the situation improving
Cabinet Ministers Of UAE Sworn In At Qasr Al Watan
The ministers expressed their appreciation for the trust of the leaders of the UAE
Expo 2020 Star-Studded Opening Ceremony Will Mesmerise World
Opening ceremony viewing parties will take place across the country
