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Emirates Development Bank (EDB), the key financial engine of UAE, has allocated AED30 billion ($8.2 billion) to back 13,500 SMEs in five priority sectors and approved over AED721 million ($196.3 million) for food security projects.
Emirates Development Bank (EDB) is set to allocate a
Emirates Development Bank (EDB) is set to allocate a substantial AED100 million ($27.23 million) for UAE’s food security sector besides launching the country’s first-of-its-kind AgriTech Loans Programme.
Emirates Development Bank (EDB) has launched an agritech-focused Dh100 million ($27 million) lending programme, targeting different...
ABU DHABI, 20th June, 2023 (WAM) -- Emirates Development Bank (EDB) today unveiled the UAE's first-of-its-kind AgriTech Loans Programme, set to allocate a substantial AED 100 million in financing support for the country's vital food security sector.The new AgriTech Loans Programme is designed to enable a sustainable and thriving national agriculture sector, positioning the UAE as a global leader in agricultural innovation. With a vision to enhance food security, EDB's new product aims to empower farms, local growers and food suppliers by supporting their adaptation...