From Thenational.ae: The Emirates Development Bank (EDB), a merged lender approved by the Cabinet last month, will begin operations next year with a focus on providing funding to the industrial sector and small businesses owned by Emiratis.

The bank will also help finance the construction of 40,000 houses in the capital under the Sheikh Zayed Housing programme, said Younis al Khoori, the under secretary at the Finance Ministry…….Full Article: Source