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FINANCIAL NEWS
Dubai to support small, medium enterprises
16 Aug 2010
(MENAFN) The Dubai Export Development Corporation (DEDC) has launched a new initiative under which small and medium enterprises (SMEs) will be able to boost their exports, Gulf News reported.
Exporters in Dubai will be able to receive finance up to 33 per cent of their export expenses through the Export Assistance Program (EAP), launched by DEDC, which could help the businesses cruise through economic stress.
The DEDC, an agency of the Dubai Department of Economic Development, Government of Dubai, commenced operations in 2007.
Dubai export and re-export sector is the real driving force behind Dubai’s economy. A recent study showed that Dubai’s exports and re-exports surged to a higher level despite slow global recovery.
The latest statistics by Dubai Chamber of Commerce and Industry showed a 13.7 percent increase in exports and re-exports by its members in the first half of 2010.
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
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