#SMEs

Dubai Chamber attracts 69 startups in H1 2023

Dubai Chamber of Digital Economy attracts 69 startups in H1 2023

The chamber held meetings with multinationals, SMEs, startups and scale-ups during the first half of the year to showcase Dubai’s growth potential

Dubai Chamber attracts 50 SMEs to Dubai in H1 2023

Dubai Chamber welcomes 50 SMEs to Dubai in H1 2023

The chamber opened six new international representative offices during the first half of the year, bringing the total number to 21

Dubai Chamber expands global reach with Vietnam office

Dubai Chamber expands global footprint with Vietnam office

The office will support and guide Dubai-based companies seeking to expand into Vietnam throughout every stage of their international expansion

ADCB is rebranding its wholesale banking

Here’s why ADCB is rebranding its wholesale banking

The rebranded division brings in-depth knowledge and expertise across a range of markets across the Middle East

Dubai SME members awarded Dhs1.12bn in contracts in 2022 Image credit GettyImages-1214946297-e1682524082437

Dubai SME members receive Dhs1.12bn in contracts in 2022

The contribution of Dubai government bodies was worth Dhs552.51m, while federal government entities granted contracts worth Dhs88.2m

Boards must know that ESG isn’t just a buzzword

Boards must know that ESG isn’t just a buzzword. Here’s why

Many GCC enterprise boards have been serious about driving ESG initiatives and the pioneers include Aramco, Emirates NBD, Masdar and Majid Al Futtaim Group

UAE, Kazakhstan trade credit agencies sign an MoU

UAE, Kazakhstan export credit agencies sign agreement to boost trade

The two entities agreed to form a task force to explore more opportunities for cooperation, with a focus on seven strategic areas

LBS' Jane Khedair on why the MENA region is prime ground for VCs and startups

Insights: Why the MENA region offers exciting opportunities for VCs, startups

The abundance of family money, rising government and financial support for startups complemented by the focus on economic diversification has put the region into the spotlight

Saudi Arabia disburses $8bn

Saudi Arabia’s National Development Fund disburses over $8bn in financing

The Saudi Industrial Development Fund supported over 100 beneficiaries through the industrial fund’s academic and advisory programmes

FAB allots $1.3bn in financing

UAE’s FAB to provide $1.36bn in financing solutions to investors

The bank will offer competitive financing solutions to support the adoption of advanced technology in the industrial sector

TaxGPT Worlds-First-AI-Powered-Corporate-Tax-Assistant image: Virtuzone

Introducing TaxGPT, the AI-powered UAE corporate tax assistant

Virtuzone has launched TaxGPT to help UAE-based businesses get answers related to the upcoming corporate tax regime based on information from the UAE’s MOF and FTA

Corporate tax prep for SMEs Lorenzo Jooris Image credit Creative Zone

Is your SME ready for the corporate tax regime?

Here’s how to ensure your SME is set to deal with the advent of UAE’s corporate tax from June

ADIB Meydan Free Zone Signing ceremony

Abu Dhabi Islamic Bank, Meydan Free Zone collaborate to support SMEs

The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service

EDB CEO, Ahmed Mohamed Al Naqbi

UAE’s EDB, Ministry of Economy recognise partner banks

The bank’s credit guarantee scheme aims to help SMEs overcome challenges in accessing financing from conventional banks

Abu Dhabi's Khalifa Fund, AlMaryah Bank to provide digital banking services

Abu Dhabi’s Khalifa Fund, AlMaryah Bank to provide digital banking services to SMEs

The bank will provide exclusive benefits to Khalifa Fund members in accordance with the agreement

Middle East venture capital market

The Middle East’s booming venture capital market

The drive for economic diversification and state-backed initiatives together with financial support for startups is fuelling Middle East’s venture capital industry

Added Wio bank photo courtesy WAM

Wio Bank, Abu Dhabi Department of Economic Development partner to supports SMEs

This partnership will help fast-track the account opening process for SMEs and deliver seamless banking services through the Wio Business app

EDB, Emirates Islamic partnership

Emirates Development Bank, Emirates Islamic partner to support SMEs

The Islamic lender is the 11th commercial bank to join EDB’s credit guarantee scheme platform

UAE new corporate tax

UAE to offer corporate tax relief to small businesses

The tax relief seeks to support startups and other small businesses by reducing their corporate tax burden and compliance costs

Wio Bank new partnership

ADQ-backed Wio Bank, Paymentology partner to enhance SME banking

The digital bank offers SMEs seamless access to banking services while allowing them to move forward with innovative beyond-banking services

Ahmad Ali Alwan_Impact Event by HUb71

Abu Dhabi’s Hub71 sees robust 102% growth in in 2022

Hub71 and its focus on driving impact for startups and Abu Dhabi has led to the facilitation of 41 POCs for corporate partners valued at Dhs160m by the end of 2022

Chaitanya Peddi - Co-founder of Darwinbox

SME story: Darwinbox co-founder Chaitanya Peddi on HR tech and the firm’s partnership with Microsoft

HR tech firm Darwinbox and software giant Microsoft are collaborating to redefine the ‘future of work’

SCCI, EDB partnership

Sharjah Chamber, EDB review funding solutions for investors

The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda

Investible Signing Event 27.02.23

Here’s how Hub71, Investible will support climate tech and other early-stage companies

The tech ecosystem’s startups will also gain access to Club Investible, a global network of more than 130 high-net-worth investors who provide capital and expertise

ADGM signs MoU with Zand Bank

Abu Dhabi Global Market, Zand Bank join hands to support SMEs

The entities will jointly drive UAE national work placements and offer finance training, SME financing platforms, a fintech sandbox and corporate innovation programmes

ShoeCare

SME Story: Interview with Rami Shaar, CEO of Washmen (ShoeCare)

When sourcing new talent, it is essential that we leverage their skills and readjust their mentality to the way we work

Patang

SME Story: Interview with Prabhakar Posam, CEO of Patang

In terms of the blockchain and metaverse, the Web3 industry is still in the early adoption stage with limited participation

Hub71 is Masdar City's official startup ecosystem partner

Abu Dhabi’s Hub71 named Masdar City’s official startup ecosystem partner

The entities will identify opportunities to collaborate in areas including mobility, food, health, and climate action

ADGM partners with ADIB, Wio Bank and RAKBANK

Abu Dhabi Global Market partners with ADIB, Wio Bank, RAKBANK to support SMEs

The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services

DP World partners with Emirates Development Bank to finance SME growth

DP World partners with Emirates Development Bank to finance SME growth

It includes a formal framework for both entities to provide SMEs with access to trade financing