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28-05-14

MENA SMEs receive USD500m investments

(MENAFN) UAE and the Middle East region are expected to welcome USD500 million worth investments in their SMEs, according to Arabian Business. International Finance Corporation, the private sector investment arm of the World Bank, will help create jobs, develop infrastructure and enhance easy access to finance for regional SMEs through the investments. Dimitris Tsitsiragos, vice president of IFC, said: "We want to make companies regional champions and contribute to economic stability. It is important that each region has globally competitive companies and this includes MENA."