FINANCIAL NEWS

Dubai presents USD163m innovative businesses finance

13 Apr 2015

(MENAFN) The government of Dubai inaugurated a sum of USD163.3 million to double the funding solutions for pioneering businesses and avid Emirati entrepreneurs who want to partake in UAE markets, Arabian Business reported.

The financing is nominated the Mohammed bin Rashid Fund for SME, the Vice President and Prime Minister and Ruler of Dubai, to establish a governmental initiative for corporate personals who wants to invest in businesses.

“The Fund follows clear procedures within the Dubai SME services, allowing entrepreneurs to benefit from integrated funding solutions.” The director-general of the Department of Economic Development of Dubai said.

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