Business

ADCB rebrands Wholesale Banking to “Corporate & Investment Banking” reflecting its enhanced suite of banking and capital markets solutions

Rizwana Shahid July 9, 2023

Abu Dhabi, UAE: Abu Dhabi Commercial Bank (ADCB) has announced the rebranding of its Wholesale Banking as “Corporate & Investment Banking”, reflecting the expanded scope of services the Bank provides institutions, corporates, and Small to Medium Enterprises (SMEs) across the region,

Business

EDB and UAE Ministry of Economy Recognize Partners for Successful Credit Guarantee Scheme Supporting mSMEs

Editor May 8, 2023

Emirates Development Bank (“EDB” or “the Bank”), a key financial engine for the economic development and industrial advancement of the UAE, and the Ministry of Economy today recognised and rewarded all the banking and FinTech partners involved in the Bank’s Credit Guarantee Scheme (CGS). Representatives from EDB’s 10 partner banks gathered at

Business

Emirates Development Bank and Emirates Islamic to collaborate on credit guarantee scheme supporting SMEs in the UAE

Editor April 19, 2023

Dubai, United Arab Emirates, 19 April, 2023: Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the nation, and Emirates Islamic, one of the leading Islamic financial institutions in the UAE have announced the signing of a Memorandum of Understanding (MoU) to collaborate on a joint credit guarantee […]

PRESS RELEASES

NEOM Has Launched A Business Accelerator To Aid SMEs And Entrepreneurs

newseditor April 11, 2023 0

NEOM Has Launched A Business Accelerator To Aid SMEs And Entrepreneurs: NEOM City has recently launched a business accelerator called the “Seven Senses” accelerator. The mission of NEOM’s business accelerator is to create an integrated system for entrepreneurship in the NEOM and Tabuk regions and to help small and medium-sized businesses, artisans,

Business

Thousands of SMEs in Bahrain use business management software to comply with government laws and regulations

Editor December 7, 2022

Bahrain, Manana, 7 December 2022: Technology is playing an important role in the ongoing success of many small and midsize business decision makers in Bahrain. A significant number of SMEs are now using business management software to be compliant to latest regulations in the country and improve customer experiences, however, there is still a major […]

PRESS RELEASES

Dubai Municipality opens registration for Farmers’ Souq Season-2

Editor November 8, 2022

Dubai, UAE, 08 November 2022, Dubai Municipality has opened the registration for the second season of the Farmers’ Souq initiative to provide a free agriculture, social and investment platform to encourage Emirati farmers by fostering confidence in local agriculture and supporting SMEs. The new season, which will start on 19th November 2022 and last until […]

Business

MOE launches phase II of The Entrepreneurial Nation

Editor October 14, 2022

The Ministry of Economy launched the second phase of The Entrepreneurial Nation, the comprehensive and one of a kind national project for the development of the UAE’s Small and Medium Enterprises (SMEs) and the overall national entrepreneurial landscape. Phase II of the project, which is based on the largest public-private sector partnerships of their kind, […]

Business

Fashinza to empower apparel manufacturing SMEs with AED 55 million supplier-financing program

Editor May 11, 2022

Dubai; May 11, 2022:  Fashinza, a new-age product development and production management platform enabling fashion brands and manufacturers, has joined hands with Stride One and SaraLoan and other fintech lenders to empower apparel manufacturing Small and Medium Enterprises (SMEs) with USD 15 million (AED 55.1 million) supplier-financing program. The supplier finance

PRESS RELEASES

UAE and South Korea sign MoU for cooperation in the development of entrepreneurship and SMEs

Editor April 21, 2022

Abu Dhabi, 21 April 2022 – The UAE Ministry of Economy (MoE) and the Korea Federation of SMEs (KBIZ)  signed a memorandum of understanding (MoU) to enhance joint cooperation between the two countries in the development of entrepreneurship and to strengthen partnerships between SMEs. The MoU was signed by H.E. Abdullah Al Saleh, Undersecretary of […]

Business

SMEs play critical role in UAE move towards economic growth and diversity

Editor March 25, 2022

Dubai, UAE, 25 March 2022: Small and medium enterprises (SMEs) in the UAE have taken on a critical and highly essential role in the move towards achieving economic growth and diversity as they represent more than 94 per cent of the total number of companies operating in the country–ably provide jobs to more than 86 […]