SME Authority inks EUR 50 mn in loans and grants: The SMEs Development Authority has signed a long term loan agreement with the German Development Bank (KfW) and the EU worth EUR 30 mn to expand the authority’s financing capabilities for youth-led SMEs, reports the local press. The agreement also includes a separate EUR 4.5 mn grant from the German government and another EUR 14.9 mn grant from the EU. Trade and Industry Minister Nevine Game, who is also the head of SME Authority, said that another USD 200 mn World Bank loan agreement, will be signed soon, Al Mal reported. This came following talks with a World Bank delegation.

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