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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Saudi SME Bank inks pact with SIDBI of India

The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia signs an agreement with the Small Industries Development Bank of India (SIDBI).
By TRENDS Desk
September 12, 2023 10:42 am
  • The agreement encompasses various components, including the design and formulation of engineering strategy data
  • It involves the transfer of knowledge pertaining to credit practices, with a particular emphasis on supporting small and medium-sized enterprises

New Delhi, India – The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia has signed an agreement with the Small Industries Development Bank of India (SIDBI). 

SMEB acting CEO Abdulrahman bin Mohammed bin Mansour and SIDBI Deputy Managing Director Sudatta Mandal attended the signing ceremony in the Indian capital, New Delhi, on the sidelines of the ongoing Saudi-Indian Investment Forum.

The agreement encompasses various components, including the design and formulation of engineering strategy data in accordance with industry best practices. Additionally, it involves the transfer of knowledge pertaining to credit practices, with a particular emphasis on supporting small and medium-sized enterprises and financial institutions. 

The agreement also aims to enhance awareness and promote employee development through a dedicated training program. 

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