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A new era in SME lending: embracing alternative data
Unlike larger corporations with access to top-tier auditors, many SMEs do not get their accounts audited or rely on local…
Drake & Scull to receive AED 152 mn in damages
PLUS: Abu Dhabi to get a new graphene facility
Fitch affirms UAE’s FCY issuer default rating
Good morning, friends. It’s a moderately busy news morning as we wind down the workweek and run headlong into the…
Make It in the Emirates kicks off with a bang
The forum saw the Emirates Development Bank, Adnoc, and PureHeath make pledges to back the sector
More rainfall coming this week
Good morning, lovely people, and welcome to the start of a new workweek. We have a brisk issue for you…
SMEs show renewed confidence in post-pandemic business outlook
Renewed confidence stems from a surge in SME revenues + stable macroeconomic outlook
New York-based Biz2Credit + Magnati to facilitate USD 1 bn SME loans
Biz2Credit will use Magnati’s real-time payments data to boost banks’ confidence in lending to SMEs
Criteria for Emirates NBD’s AED 500 mn SME initiative are out
The first phase of the initiative will invest AED 15 mn over seven years
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