Dubai, April 30 -- Interest-free loans could be granted to some small and medium sized enterprises in Dubai that were hit by record rains last week, it was announced on Saturday.
This new initiative for Emiratis was launched by the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a subsidiary of the Dubai Department of Economy and Tourism (DET).
Under the programme, Emiratis who own SMEs could also get deferrals and grace periods for existing loans.
This initiative is aimed at further enhancing recovery efforts that are underway to support and stabilise businesses affected by the adverse weather conditions experienced in the UAE recently.
The special incentive for Dubai SME members allows eligi...