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OFID signs USD10 million loan agreement with Bank of Maldives

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OFID signs USD10 million loan agreement with Bank of Maldives

timestampJun 08, 2021 authorAlShorts Web Desk

OPEC Fund for International Development (OFID) has signed a USD10 million private-sector loan agreement with the Bank of Maldives. The loan will be used by the Bank of Maldives for on-lending to small and medium-sized enterprises (SMEs) engaged in tourism. It will also help in providing the much-needed working capital to businesses operating in tourism and other related activities.

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Abu Dhabi Police to give convicts chance to do community service

India logs 43,509 new cases of COVID-19

India on UK's red list; no quarantine for vaccinated EU & US travellers

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