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EDB and RAKBANK unveil landmark AED 1 Billion mSME fund to supercharge UAE’s industrial growth

In a major boost for UAE-based micro, small and medium enterprises (mSMEs), Emirates Development Bank (EDB) and RAKBANK have announced the launch of a...

MoIAT and EDB unveil Make it in the Emirates accelerator to power the next wave of industrial startups

Emirates Development Bank (EDB), the UAE’s key financial engine for economic diversification and industrial transformation, has announced the launch of the Make it in...

Emirates Development Bank and Ajman Bank partner to drive SME financing and innovation in UAE

Emirates Development Bank, the key financial engine of UAE economic development and industrial advancement, and Ajman Bank, one of the leading Islamic financial institutions...

Emirates Development Bank and Commercial Bank of Dubai partners to facilitate international trade

Emirates Development Bank (EDB) and Commercial Bank of Dubai (CBD) formally announced a strategic partnership aimed at enhancing international trade services. This collaboration will...

Emirates Development Bank launches with Tagit’s digital corporate banking product in three Months

Emirates Development Bank has launched a Cash Management online portal for its business clients, developed in collaboration with Tagit an omnichannel digital banking solutions...

Emirates Development Bank has achieved a record increase in its impact on the industrial GDP, with total financing reaching AED10.4 billion since 2021.

Emirates Development Bank has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED 10.4 billion, bringing...

Emirates Development Bank launches Supply Chain Financing for SMEs with Trade Capital Partners

Emirates Development Bank has inked a Memorandum of Understanding (MoU) to create supply chain finance and working capital solutions for SMEs in collaboration with...

Innovative financing solutions attract firms to the UAE amid global capital crunch

The CEOs of major national banks have underscored the importance of the UAE government's efforts in providing subsidies, financing, and guarantees to facilitate market...

Emirates Development Bank and Emirates Islamic to collaborate on credit guarantee scheme supporting SMEs in the UAE

Emirates Development Bank (EDB) and Emirates Islamic have announced the signing of a Memorandum of Understanding (MoU) to collaborate on a joint credit guarantee...

Fitch affirms Emirates Development Bank at ‘AA-‘

Fitch Ratings has affirmed its 'AA-' Long-Term Issuer Rating (IDR) for Emirates Development Bank ('EDB' or 'the Bank') with a stable outlook. The agency maintained...

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