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UAE launches fund to support SMEs
- United Arab Emirates: 6 hours, 18 minutes ago
The government of Dubai has issued a law establishing the Mohammed bin Rashid Fund to support Small and Medium sized Enterprises (SMEs), Wam has reported. The fund aims to support and finance projects of young entrepreneurs where a hundred projects will be financed every year. It will be mandated to give loans, provide financial guarantees or to contribute to the projects. It will also have the mandate to attract financial and technical support for projects undertaken by community members or companies and institutions operating in the country.
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