Emirates Industrial Bank (EIB) has approved a total of AED 274.5 million in funds for 27 different industrial projects.
The meeting was chaired by H.E Obaid Humaid Al-Tayer, Minister of State for Financial Affairs.
Director General of EIB Mohammed Abdul Baki said the meeting approved the estimated budget for the bank’s revenues and expenditure the year 2010, among other topics.
The next meeting, he added, will consider applications for funds and will discuss the bank’s 2009 closing accounts.
