Abu Dhabi banks announce 17 financial initiatives for the community and businesses | ZAWYA MENA Edition:
The Abu Dhabi Government has unveiled a comprehensive package of financial incentives, in line with the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council.
A collective effort by Abu Dhabi banks - First Abu Dhabi Bank (FAB), Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Commercial Bank (ADCB) – in coordination with Abu Dhabi Department of Finance and the Abu Dhabi Department of Economic Development, the package is aimed at supporting the community and businesses in Abu Dhabi during the current period of economic uncertainty.
Designed to provide for the immediate needs of individuals and small to medium-sized enterprises (SMEs) in Abu Dhabi, these 17 financial initiatives seek to reduce finance-related costs, facilitate the ease of access to financing, and maintain the resilience of the Abu Dhabi economy. The measures announced today include 10 banking-related initiatives specifically for individuals, and seven financial initiatives for SMEs.
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