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flag UAE banks inject over $1.5 billion in industrial sector, aiding economic diversification.

flag The UAE's industrial sector is seeing a significant increase in financing, with banks injecting over AED5.537 billion in the first nine months of 2024, bringing total loans to over AED94.85 billion. flag This surge, supported by government and private entities, aims to diversify the economy. flag Key institutions like the Emirates Development Bank and the Khalifa Fund for Enterprise Development provide financing and training to support innovation and enhance SME competitiveness.

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