Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

‘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.

Social Development Bank extends $2.93bn support to Saudi entrepreneurs

The bank announced this while participating in the Global Entrepreneurship Congress (GEC) in Riyadh. AFP File Photo
By TRENDS Desk
March 28, 2022 12:58 pm
  • The pledge is said to be part of the bank’s efforts to empower Saudi youth and promote comprehensive national development
  • The SDB is also said to have signed, on the sidelines of the GEC, several agreements with various strategic bodies

The state-owned Social Development Bank (SDB) has pledged SAR11 billion ($2.93 billion) over three years to support entrepreneurs in Saudi Arabia, official sources have said.

The bank announced this while participating in the Global Entrepreneurship Congress (GEC) in Riyadh.

The event was organized March 27-30 by the Saudi Small and Medium Enterprises General Authority (Monsha’at) in cooperation with the Global Entrepreneurship Network (GEN) under the theme “Reboot, Rethink and Regenerate”.

The pledge is said to be part of the bank’s efforts to empower Saudi youth and promote comprehensive national development.

The SDB is also said to have signed, on the sidelines of the conference, several agreements with various strategic bodies.

These agreements apparently aim to provide training, rehabilitation, and sponsorship services to the beneficiaries of male and female entrepreneurs.

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]