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Accessing to funds from commercial banks remained difficult and limited in UAE. [11] In the joint survey of Union of Arab Banks and the World Bank on ‘The status of bank lending to SMEs in the MENA region,’ the average share of bank lending to small and medium enterprises (SMEs) was low- only 8% of their total lending in the MENA region.
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
To support and develop the Small & Medium Enterprises (SME) program through advisory and assistance package for entrepreneurs. To provide business development consultation, to reorganize public and private institutions and companies, to plan the efficient use of human resources and to develop the organizational structures. [5]
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
The Emirates Development Bank (EDB) is an Emeriti state-owned financial institution established in 2015 in the United Arab Emirates under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Deputy PM and Minister of Presidential Affairs of UAE. [2] [3] [4] It is one of the largest banking groups in the Middle East in terms of assets. [5] [6]
The whole development covers an area of 21,000,000 square metres (230,000,000 sq ft) of land, with over 300 small and medium enterprises calling it home. [5] National Industries Park is situated within the logistics and industrial sector of Dubai.
It enables a range of companies, including UAE and regional small and medium-sized enterprises, to trade on an exchange with an international brand name, with access by both regional and international investors. [184] DMCC (Dubai Multi Commodities Centre) was established in 2002.
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank , the OECD , European Union , the United Nations , and the World Trade Organization (WTO).