Sunday 24 January 2021
SME fund

EBRD, IDB unit to launch $120m SME fund

The European Bank for Reconstruction and Development and the private sector arm of the Islamic Development Bank will launch a $120 million fund to support small businesses in the southern and eastern Mediterranean region. The fund


Bahrain bank, UN body plan $50m fund for SMEs

Bahrain-based investment bank GBCORP and the United Nations Development Organisation (Unido) Bahrain have signed a memorandum of understanding that will see the setting up of a $50 million investment fund to support small businesses.


KFED, NBAD launch SME financing fund

Khalifa Fund for Enterprise Development (KFED) and the National Bank of Abu Dhabi (NBAD) plan to launch a private equity fund aimed at financing promising new Emirati small and medium sized enterprises (SMEs) or fast-growing existing SMEs.

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