RAKBANK and Emirates Growth Fund (EGF) signed a Memorandum of Understanding (MOU) at Make It in the Emirates, marking a strategic alignment between two of the UAE’s leading institutions in SME financing and growth equity. The strategic partnership establishes a framework for both
SME
RAKBANK today reaffirmed its long-standing commitment to the UAE’s SME sector, announcing a series of measures aimed at strengthening business resilience, maintaining credit flow and enabling growth during a period of heightened global uncertainty. For over five decades, supporting small and medium enterprises has been at the core of RAKBANK’s strategy. Having served more
Small and medium-sized enterprises (SME) are steadily gaining traction in digital finance, rapidly claiming their position as the backbone of economic growth. However, industry analysts indicate that despite the positive outlook, risk literacy remains a persistent challenge. According to risk management experts, EIRS, this represents a gap that may be holding back the very
Tally Solutions, a leading global technology company providing business management software to small and medium businesses worldwide, has strengthened its presence in Saudi Arabia by onboarding new Saudi-based partners in Riyadh. This expansion reflects Tally’s continued commitment to building a strong local ecosystem that supports SMEs across the Kingdom in their digital
Malaysia’s Special Business Mission to Dubai has wrapped up with resounding success, generating significant investor interest and reaffirming Malaysia’s position as a rising global player in the franchise and SME ecosystem. Held recently, the four-day mission brought together Malaysian franchisors, SMEs, government agencies, and strategic partners in a high-impact program
erad (www.erad.co), the Riyadh-headquartered alternative financing platform for SMEs, has partnered with Jefferies (with co-investment from Channel Capital) to secure $125 million in a credit deal, to accelerate embedded finance solutions across the GCC. Once the transaction is finalised, it will mark Jefferies’ first GCC asset-backed financing transaction, and will
As small and medium enterprises (SMEs) continue to serve as the backbone of the UAE economy, ROSA eSolutions has announced a new strategic initiative designed to help these businesses accelerate digital transformation and achieve sustainable growth. Drawing on recent research into the performance and competitiveness of SMEs in the UAE, the Toronto-based firm aims to […]
At GITEX GLOBAL 2025, HUAWEI eKit unveiled a powerful lineup of new products—including the eKitEngine AR180/AR280 gateway series, IdeaHub S3 series, AI-powered SSDs, and advanced optical network solutions—designed to accelerate the digital and intelligent transformation of small and medium-sized enterprises (SMEs). These innovations aim to empower SMEs with efficient,
Ras Al Khaimah Economic Zone (RAKEZ) has partnered with UAE-based fintech company Peko to offer its clients a range of automated services that streamline day-to-day operations. From invoicing and payroll to utility payments and business travel bookings, the new services are accessible via RAKEZ’s client portal, supporting SMEs with greater convenience and control. The
Dhruva Advisors, the leading tax consultancy firm in the GCC, has expanded its footprint in the United Arab Emirates with the opening of its third office in the region and second in Dubai at Emaar Square, Downtown Dubai. Strategically located in the heart of the Emirate’s commercial hub, the new office underscores Dhruva’s ongoing commitment […]
As part of the Abu Dhabi SME Champions Program, Khalifa Fund for Enterprise Development has witnessed a significant growth in the number of deals forged between SMEs and leading public and private institutions, achieving a total of 652 deals by 2024, with a total value of AED 672 million, across various key sectors such as […]
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, announced the impact of its ‘Xport Xponential’ programme, which has helped raise AED 174 million in funding to support the growth of SMEs, during the closing ceremony of the programme. The working capital was raised with the support of four of ECI’s banking partners: First […]
Her Excellency Alia Bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, participated in a panel discussion titled ‘Entrepreneurship Without Borders,’ hosted by Claudia Parzani, Chair of the Milan Stock Exchange. The session, held as part of the third edition of Investopia Europe in Milan, brought together over 100 Italian women entrepreneurs. Discussions
The UAE Council for Entrepreneurship held its second meeting of the year, chaired by H.E. Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship. It was attended by council members representing federal and local government entities, economic development departments, and various councils and funds promoting entrepreneurship in the country. The meeting forms
ADJC, a leading accounting firm specializing in financial and tax advisory services, has observed a significant shift among small and medium-sized enterprises (SMEs) in the UAE toward outsourcing their accounting functions. This trend is driven by the need for cost efficiency, compliance with evolving regulations, and access to specialized expertise. Recent global studies
Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia’s fintech sector and the vast opportunity in SME financing in the economy. The facility is expected to contribute to […]
Pacific Prime Dubai, a leading global health insurance and employee benefits brokerage, has been honored with the Employee Benefits SME & Retail Top Producer 2024 award from GIG Gulf. The award was presented during the 2025 GIG VIP Brokers Event, held at The Four Seasons Resort Dubai at Jumeirah Beach on January 9, 2025. This accolade recognizes
Panasonic Marketing Middle East & Africa (PMMAF) has announced its latest innovation in CCTV technology for the region. The Japanese manufacturer returns with a completely new series of security cameras that are designed to provide superior image quality, reliability, and advanced features, ensuring optimal performance in diverse applications. Panasonic’s new range of
A new study from Visa, the SME Megatrends report, delves into the ever-evolving landscape of Small and Medium Enterprises (SMEs) in the United Arab Emirates (UAE). As SMEs undergo significant transformation, particularly in the digital and financial domains, the report identifies how issuing banks can leverage the needs and challenges facing businesses to unlock new […]
Kreston Global’s newest interpreneur report reveals that small and medium businesses across the world are bullish about their own global operations and are prepared to harness disruption to drive commercial growth at home and abroad. This comes despite macroeconomic concerns around geopolitical disruption, slowing global GDP, and a gradual decline in





























