A MoU was signed to boost financial inclusion of small-to-medium sized enterprises
SME ecosystem
Latest in SME ecosystem
Cash flow in small business
How would combating the issue of late payments shape the future of established SMEs in the UAE?
In 2022, issues of late payments are unfortunately still affecting many SMEs with most of them sadly succumbing due to their inability to operate optimally and remain competitive in their respective sectors
AgTech startups
Revealed: 30 Rising Startups from the Middle East 2022
The Middle East startup sector is heating up, with small businesses innovating rapidly today to solve the problems of tomorrow. In celebration of the innovators and entrepreneurs driving the future, Arabian Business is introducing its 30 Rising Startups of 2022
Amazon Payment Services
Adoption of digital payments to boost SME growth
The growing e-commerce sector, facilitated in part by a rapidly evolving digital payment ecosystem, can help SMEs unlock new markets
financial solutions
Silicon Valley’s Tribal Credit offers Shari’a compliant financing to businesses in the Middle East
Tribal Credit has now become one of the first standalone credit and expense management solutions to offer Shari’a compliant products in the MENA region
Abdullah bin Touq Al Marri
Startups, SMEs to receive support in exporting products through UAE ministry’s new initiative
Companies registered to the ScaleUp Export programme get access to special shipping prices, a range of experts and mentors, as well as technical workshops and legal consultations
Abu Dhabi
How startups and SMEs remain ‘key players’ in the UAE’s 50-year transition to a ‘new economy’
SMEs represent 94 percent of the companies and institutions operating in the UAE and contribute more than 50 percent to the country’s GDP
Abdul Baset Al Janahi
What are the key factors helping Dubai’s small businesses recover from the impact of Covid?
Digital payments, a surge in e-commerce, and social networks are helping small businesses stay resilient according to a joint study conducted by Dubai’s Department of Economy and Tourism and the Visa Economic Empowerment Institute
Dr Ahmad Belhoul Al Falasi
UAE is “adamant” about regulation, key to powering startup growth, says minister
A strong regulatory environment makes it easy for startups to expand, says Dr Ahmad Belhoul Al Falasi, the UAE Minister of State for Entrepreneurship and SMEs
best countries for entrepreneurs
Best place to start a business: UAE tops global ranking ahead of Netherlands, Finland, and Saudi Arabia
The GEM research reveals that supporting new businesses during hard times – such as during the Covid-19 pandemic – and supporting women entrepreneurs, should be key components in a strategy to promote entrepreneurship
Ahmed Mohamed Al Naqbi
Emirates Development Bank adds $520 million UAE’s GDP growth, finances 1,350 SMEs across priority sectors
The Emirates Development Bank’s launch of a new credit guarantee platform was able to mobilise more than $90.38 million (AED332 million) of capital to SMEs
District 2020
First 85 startups to move into Expo 2020 Dubai as organisers prepare for post-event era
The immense interest in the Scale2Dubai programme is highlighted in the 3,200+ applications it has attracted from 129 countries, illustrating the status of Dubai as the preferred location for start-ups looking to expand their global footprint
Abdul Basit Al Janahi
Emirati entrepreneurs, Dubai SME members claim government contracts worth $250.9 million in 2021
Since 2002, GPP has secured more than 16,934 procurement contracts for 362 Emirati entrepreneurs and SMEs in varied sectors
Ankit Goel
Fintechs, digital finance have a massive opportunity to support SMEs
The World Bank estimates the funding gap for micro, small and medium enterprises is $5.2 trillion across some 65 million MSMEs scattered across 128 countries the global institute examined
Dubai Islamic Bank
EDB, DIB ink credit scheme deal targeting SMEs in priority sectors
EDB to provide the credit guarantee programme to DIB’s SME customers, while DIB will offer up to AED10m financing, with half of the facility amount guaranteed by EDB
entrepreneurial ecosystem
Back to the (business) future: Lessons learned in 2021 to bring into 2022
Hustle is out, wellbeing is in, writes Carrie Santos, CEO of the Entrepreneurs’ Organisation
entrepreneurial ecosystem
Why we are never too old, or too young, to be an entrepreneur
More experienced individuals have a strong network, while younger ones are more stubborn and dedicated, according to the CEO of the Entrepreneurs’ Organisation