The Emirates IDB Board, of which Namazas obtained a copy, stated that citizens ’housing funds amounted to <1.45 billion dirhams. 5 Millions of dirhams, and financing for the construction of housing, with a value of 3 millions of dirhams.

Small and medium-sized companies' financing amounted to <407 millions of dirhams, and the bank had launched a program of credit guarantees to finance small and medium-sized companies, which provides a guarantee of up to two million dirhams for startups, while the bank guarantees% 85% of the financing value, or a guarantee of up to 5 million dirhams for existing companies, while the bank guarantees 70% of the financing value.

The bank also launched the direct financing program for startups and under incorporation, whereby the program funds up to two million dirhams for startups owned by citizens of the UAE at a rate of not less than 51% according to the terms and conditions.

After the launch of the operational activities of Emirates Company for the Registration of Transferred and Mortgaged Assets (EMCR), the company has achieved outstanding success by registering 39,306 notices to register movable and pledged assets, as the electronic system for the asset register uses 149 institutions out of the total banks and financial institutions operating in the country, while The record has over users.

It is worth mentioning that the Emirates Development Bank was established by Federal Decree Law No. 7 of 2011 regarding the establishment of the Emirates Development Bank with an authorized capital of 10 billion dirhams.

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