Photo Credit : WAM
Emirates Development Bank (EDB) has announced it is injecting an average of AED 20 million in financing each day to sustain business operations across the UAE and reinforce market stability amid global economic uncertainty.
The move comes as businesses worldwide face ongoing supply chain disruptions and rapid market fluctuations. EDB said its daily funding initiative is aimed at addressing immediate liquidity needs, ensuring companies can continue operations without interruption. By providing fast access to capital for sectors such as manufacturing, technology, and food production, the bank is helping maintain production cycles, secure raw materials, and stabilise domestic supply chains.
Ahmed Mohamed Al Naqbi, Chief Executive Officer of EDB, said the bank’s approach is focused on speed and responsiveness. He noted that timely financial support is critical when global supply chains tighten, adding that the bank is prioritising direct working capital support for businesses in need.
To accelerate funding access, EDB has introduced a series of reforms, including easing liquidity policies, streamlining loan approval requirements, and updating its funding frameworks. These measures are designed to enhance the bank’s ability to respond quickly to market demands while supporting long-term industrial growth.
The bank is also strengthening its ecosystem through partnerships with local banks and financial technology firms, enabling micro, small and medium enterprises (MSMEs) to access financing more efficiently.
Since the rollout of its strategy in 2021, EDB has contributed AED 11.3 billion to the UAE’s non-oil GDP and supported AED 74.6 billion in industrial capital expenditure. The bank continues to channel funding into five priority sectors: manufacturing, advanced technology, healthcare, renewable energy, and food security.
With its ongoing daily financing strategy, EDB aims to reinforce the UAE’s position as a resilient and business-friendly economy, capable of supporting private sector growth even in challenging global conditions.
