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UAE to Establish a Mortgage Entity


December 2011
The UAE ministry of finance is having a joint committee with the central bank of UAE studying the aspects of setting up a new registration entity.
The study follows a need by small and medium size enterprises having difficulties in getting loans from banks and other credit funds in spite of their capital assets which may be used as a guarantee.
The establishment of a new entity keeping records on firms capital assets and mortgages is expected to help firms use their assets as guarantees for getting new funding with better interest rates.











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