RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday to expand bilateral cooperation in communications and information technology by accelerating digital transformation, promoting innovation and developing digital infrastructure.Saudi Arabia’s Minister of Communications and Information Technology Eng. Abdullah Alswaha and...

Ras Al Khaimah, UAE--More than 1,800 new companies have set up their businesses in Ras Al Khaimah Economic Zone (RAKEZ) in the first quarter of 2023, registering a 122 percent jump as against the same period of last year.Ramy Jallad, CEO of Ras Al Khaimah Economic Zone (RAKEZ), said that...

Abu Dhabi, UAE-- The recent partnership signed between Abu Dhabi Islamic Bank (ADIB) and Meydan Free Zone is expected to promote SMEs and sustainability in the economy.Through this partnership, trade licence holders within the Meydan Free Zone will have access to ADIB's diverse range of business banking products and services....

ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting, held at ADNEC here, local media reports said.The two-day event served as a platform for networking and connecting with experts, investors, companies, and SMEs.EDB's CEO, Ahmed Mohamed Al Naqbi, said:...

Vienna, Austria— Continuing with its initiative to support businesses across the world, the OPEC Fund for International Development (the OPEC Fund) is providing a US$50 million loan to Banco Continental in Paraguay for on-lending to small- and medium-sized enterprises (SMEs) in agricultural and livestock sectors.The investment is part of OPEC...

Riyadh, Saudi Arabia--Saudi Arabia and South Korea have signed multiple memorandum of understandings aimed at supporting SMEs, along with enabling entrepreneurs to enter the field with more confidence and emphasis.The two countries also looked at ways to enhance cooperation in the fields of entrepreneurship and innovation, as the Kingdom’s Minister...

Doha, Qatar-- The the SMEs sector grew by 2.6 per cent, as the number of operating factories in the state increased from 814 in 2021 to 835 last year, in addition to the presence of 430 new industrial licensed facilities, indicating that the volume of industrial investments amounts to $81...

It will target Qatar-based small and medium enterprises.

It will collaborate with Invest Seoul Agency for the venture.

The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB) have joined hands to set up a scheme to offer finance solutions to modern agricultural SMEs and start-ups.

Emirates Development Bank (EDB) will participate in the first "Make it in the Emirates Forum" to be held on 21-22 June at ADNOC Business Centre, Abu Dhabi. It will use the Forum to underline how its range of flexible financing solutions can help large corporates and SMEs to expand, diversify...

The Emirates Development Bank (EDB) has teamed up with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International Free Zone (SAIF) to provide financial support to small and medium-sized enterprises (SMEs) and startups operating in the free zones.

It is essential to know that the governments can't and shouldn't do everything independently to encourage their national talents. A practical partnership between the public and private sectors is the only way forward in terms of cultivating and encouraging indigenous talent, he adds.

The UAE and South Korea have signed an agreement to boost ties between the two countries to develop entrepreneurship and scale up relationship between SMEs. The MoU was signed by Abdullah Al Saleh, Under-Secretary of the Ministry of Economy; and Kim Ki-mun, Chairman of KBIZ, in the presence of Dr....

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

In order to protect SMEs from economic recession, Saudi Arabia provided more than $80 billion in support to the businesses, according to the head of the authority known as Monshaat.

Licensed companies and small and medium enterprises (SMEs) accounted for 51 per cent of Ajman Free Zone’s total procurement of goods and services in 2021, a recent report released by the free zone showed. The report also revealed that 24 per cent of the total purchases and contracts made last...

According to Statistics New Zealand, the total two-way trade between New Zealand and the UAE in 2021 reached AED8.63 billion ($2.35 million).

The World Bank has also offered to continue the implementation of ongoing cooperation projects in the country.

Kuwait's Youth Authority on Saturday, February 12, launched the second edition of the ‘professional initiator’ program

The amount will reportedly be given to the Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) for on-lending.

The economic licenses issued by the Department of Economic Development in Ajman (Ajman DED) during 2021 grew by 41 percent. Also, the number of establishments reached 27,913, and the Labor Resilience Index reached 17 percent. The efforts and initiatives launched by the Ajman DED during 2021 have resulted in a...

Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to provide RAKEZ clients with quick and convenient access to the bank's products and services. A Memorandum of Understanding (MoU) was signed by Ramy Jallad, Group CEO of RAKEZ, and Dr....

France is negotiating an agreement with the United Arab Emirates (UAE) that would allow French Small and Medium-sized Enterprises (SMEs) to expand its presence in agri-food sector of the UAE.

OFID has signed a term loan agreement for $30 million with Banco Regional of Paraguay, the third of its kind to the country. Proceeds from the first tranche were loaned to the agriculture sector. The second facility provided 53 sub-loans to Paraguayan enterprises for international trade finance purpose.

FedEx Express is a subsidiary of FedEx Corp.

The network, called the AD SME Tribe, will enable the growth of enterprises through community-focused guidance.

Data analysts are already helping businesses set marketing strategies, explains Jadd Elliot Dib, founder and CEO of Pangaea X.

The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.

The fourth cycle is expected to highlight SMEs in Dubai that have shown resilience and progress despite the Covid-19 pandemic.

The program will focus on sectors such as manufacturing, healthcare, infrastructure, food security, and technology.

The new program will build the capabilities of entrepreneurs.

This is part of its strategy to become a global trade enabler.

Bulk of licenses issued to building maintenance activities, restaurants import and export, retail of canned and preserved foodstuffs.

Emirates Development Bank has signed an agreement with peer-to-peer platform Beehive to expand funding options for the small and medium-sized enterprises.

The bank is expected to use this to grant further loans to SMEs hit by Covid-19 and hurricanes This is the fourth OFID loan to Banco Ficohsa The OPEC Fund for International Development has sanctioned a loan of $25 million to Honduran lender Banco Ficohsa, said local reports on Friday,...

The move is expected to enable entrepreneurs, SMES, and large corporations to experience the fastest and largest 5G network in Bahrain The enhanced packages deliver speeds six times faster than 4G, and higher data capacity     Bahrain's principal telecommunications company Batelco has revamped its 5G Mobile Business Broadband packages...

  Award categories are SME Family Business, Non-Family Executive, NexGen Venture and NexGen Innovation Family businesses contribute to 60 percent GDP of the GCC   The Family Business Council Gulf (FBCG) has unveiled the first ‘Family Business Awards’ in the GCC region to honor organizations for their continued success across...

*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal Supplier Register Dubai’s Ministry of Finance recently signed a Memorandum of Understanding with Dubai SME to support the business sector and advance comprehensive and sustainable development in the country. Under...