SMEs

EGF is also expected to play a pivotal role in driving the UAE's industrial transformation.

An agreement is also expected to be signed with Khalifa University to foster innovation and entrepreneurship across the country.

Partnership offers significant benefits, including free annual Ignyte memberships, exclusive plan discounts, and a collaboration on the Ignyte challenge to solve real-world problems for small businesses.

erad is a financing platform that helps SMEs access Shariah-compliant working capital solutions.

By shifting the perspective from expense to investment, we can encourage more businesses to take those bold steps towards a sustainable future.

This strategic partnership will enable SMEs to access working capital financing from FlapKap to meet their inventory, marketing, and operational needs, all while benefiting from Aramex's reliable logistics support.

In the context of the UAE's strategic economic goals, SMEs have a significant opportunity to harness AI technologies.

Under this agreement, Emirates will reach out to and engage with over 180,000 SMEs on the HiDubai platform.

At its core, the startup aims to address the many shortcomings of traditional ERP systems.

Every business can transform to tackle the challenges of today -or pre-empt those of tomorrow- by refining raw data for insights.

e& enterprise, a part of Abu Dhabi-headquartered technology and telecom company e&, has signed a binding agreement to acquire a majority stake in Beehive, a Dubai-based regulated peer to peer lending platform for SMEs.

Meydan Free Zone, a UAE-based business setup services provider, has inked a memorandum of understanding with Noon, a Saudi Arabia-headquartered digital marketplace digital marketplace, to support SMEs in the Emirate of Dubai.

For SMEs especially, to continuously invest in new strategies every 8-12 months is counterproductive and a roadmap to bankruptcy.

The feature has been touted as the first-of-its-kind in the MENA region after showing promising results in its pilot phase.

The effects of the 2008 recession were felt for years after, and while governments and financial institutions rolled out various measures to enable economic recovery in 2009, many of the lessons from that time are particularly relevant to us today.

We may have learnt the hard lessons, and that too in a short period of time, but the question remains: how do we prevent history from repeating itself?

With SMEs losing valuable time and money managing their expense claims, spend management solutions like UAE-based Qashio allow businesses to record and report their expenses in real time and instantly issue corporate cards linked to the solution.

If SMEs want to grow and create jobs, an ecosystem needs to be put in place that assures confidence in their financial health.

A look at how COVID-19 taught SMEs across the UAE that being well enabled in the digital space is essential.

This latest round of funding has entailed a total of $28 million raised by Foodics in recent months- a move that is expected to help the firm inch closer towards its goal of becoming the next Saudi unicorn.

When we empower SMEs and startups, we are directly helping to breed the much-needed innovative concepts and thriving new businesses that go on to shape their respective sectors.