As per the latest news, DP World has collaborated with Emirates Development Bank (EDB), marking an MoA (Memorandum of Understanding) to facilitate small and medium-sized enterprises (SMEs) broad access to trade financing through leveraging DP World’s trade finance platform.
The collaboration includes a formal system for EDB & DP World to provide admittance to trade financing to SMEs at competitive rates via using DP World’s trade finance platform. Both parties will also focus on improving joint thought-leadership, effort programs and facilitating financial solutions to support SMEs’ business development.
Apart from being a crucial part of international trade, SMEs often face challenges while obtaining trade finance services in cross-border transactions, supply chain disruptions, and increasing raw material costs. To gear up the improvement & growth of SMEs in the UAE, EDB offers financing and innovative financial arrangements that guarantee the feasible development of all the involved parties in the development process.
Read more: https://www.emeriobanque.com/news/dp-world-collaborates-with-edb-to-trade-finance-smes