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News in Brief

UAE: SME loans jump

June 2012

HSBC has launched a Dhs1 billion ($272,240) fund for small and medium enterprises (SMEs) in the UAE, forecasting that loans to the sector will grow 20 per cent this year. The fund, HSBC’s third such fund in the country, is open to new and existing customers with cross border trading requirements, the Khaleej Times reported.

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