UAE Launches Emirates Development Bank

The United Arab Emirates is establishing the阿联酋国家开发银行,Bloombergreports. The bank will be set up with $2.7 billion of capital to help economic growth in the nation.

The lender will support the U.A.E.’s development efforts, including industrial and real estate projects. It will also facilitate real estate loan applications and offer financial services for small and medium-sized businesses. Additionally, the bank will provide advice and feasibility studies.

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