By Andrei Skvarsky.
Abu Dhabi Islamic Bank (ADIB) and the authority of one of Dubai’s free-trade zones (FTZs) are planning an agreement that would make a wide range of ADIB services available to small and medium-sized enterprises (SMEs) doing business in the zone.
The services would include digital solutions tailored to SME needs, ADIB said in a statement in citing a memorandum of understanding between the bank and the Meydan Free Zone.
There are more than 40 FTZs in the United Arab Emirates. The majority are focused on a specific business field, but Meydan, which is one of about two dozen FTZs located in Dubai, is a mixed-specialism territory.
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