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Gargash’s consumer finance arm Deem secures asset-backed securitization facility from JP Morgan
The securitization supports Deem’s lending activities for SMEs and consumers
You can now major in AI at MBZUAI + G42 partners on AI adoption in private and public sectors
Plus: e& is now an equity partner in API firm Aduna
Emirates Development Bank targets AED 23 bn in financing for 2025
The bank reported a record 222% y-o-y increase in financing in 2024
Mashreq and Neopay offer POS lending to SME merchants
The loan amount can be boosted based on sales growth and expansion plans
UAE’s GDP surpassed AED 1.7 tn in 2024
The country’s foreign trade is projected to exceed AED 2.8 tn during this period
Embedded SME lending startup CredibleX secured USD 55 mn in debt and equity seed funding
The newly raised funds will drive the company’s expansion plans
Parkin expands into KSA
Plus: FAB + Libre Capital to develop tokenized lending solutions
Climate tech startup Coral raises USD 3 mn in funding
PLUS: Burjeel partners with Axiom Space to study new technologies in space
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