EDB supports food security with Dhs721m under its five-year strategy

UAE’s Emirates Development Bank (EDB) has approved more than Dhs721m in funding for food security projects since the launch of its new strategy in April 2021. The development lender has allocated Dhs30bn to support 13,500 small to medium enterprises (SMEs) in five priority sectors – manufacturing, renewables, technology, healthcare, and food security. “It is important […]

ADIB to provide instant account opening for SMEs

Abu Dhabi Islamic Bank (ADIB) has become the first bank in the UAE to provide small and medium-sized enterprises (SMEs) with convenient remote account opening services through a mobile app by deploying Emirates Face Recognition (EFR) technology. This new feature will allow businesses to apply for a business account without the need to visit a […]

Dubai Next attracts 398 contributors, approves 62 campaigns in less than a year

Dubai Next, the digital crowdfunding platform that has attracted many young innovators and start-up ideas, is anticipating an increase in fund-seekers and contributors following the country approving a federal system for such platforms recently. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the new federal framework […]