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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Emirates NBD introduces seed capital initiative for UAE nationals

Posted on 19 April 2010

From Albawaba.com: Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the introduction of a seed capital initiative, which will facilitate UAE nationals to start up their own business. The initiative will enable Emirati entrepreneurs to fund the initial capital requirement to start their own enterprise.

The move by Emirates NBD comes at a time when self-employed nationals are increasingly recognised for their contribution to the UAE economy and the government plans to introduce a new law to help streamline and speed-up the process of setting up new businesses…………………………………..Full Article: Source

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