Emirates NBD introduces seed capital initiative

* username: rupertbu

Emirates NBD, the largest banking group in the Middle East in terms of assets, has announced the introduction of a seed capital initiative, which will facilitate UAE nationals to start up their own business.

The initiative will enable Emirati entrepreneurs to fund the initial capital requirement to start their own enterprise.

The move by Emirates NBD comes at a time when self-employed nationals are increasingly recognised for their contribution to the UAE economy and the government plans to introduce a new law to help streamline and speed-up the process of setting up new businesses.