SMEs

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.

UAE SMEs need to realign their roadmaps by making technology investments in order to digitally connect with their customers.

By being listed on the Nasdaq Dubai Growth Market, entrepreneurs get a cost effective way to finance their growth while keeping the full control of their business.

The E-Empower program to offer more than 50 hours of interactive virtual learning content to entrepreneurs based in Abu Dhabi.

With Entrepreneur Middle East Editor in Chief Aby Sam Thomas as the moderator, the discussion was led by Saeed Al Marri, Deputy CEO, Dubai SME, Madhur Mehra, MENA Head of Merchant Sales and Acquiring at Visa, and Raed Hafez, CEO of elGrocer.

Visa's COVID-19 CEMEA Impact Tracker shows how the COVID-19 pandemic has radically altered how customers interact with businesses today.

Looking beyond the summer, I'm hoping that we are going to see drastic changes to how we work, how we get paid, and a reduction in bureaucracy that will benefit everyone.