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An increased focus on financing small and medium-sized businesses should be another important step towards unleashing the Middle East’s vast untapped reserves of entrepreneurialism. Although rarely easy for risk-conscious lenders, growing the SME book is vital for the region’s future as a banking market. It is something notably lacking in the most oil-dependent economies.
In the UAE, on the other hand, some banks have given a good demonstration of what not to do in SME banking.
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