#SME

DAFZA

UAE’s Mashreq Bank signs MoU with DAFZA to boost SME growth

DAFZA companies will also be given priority access to digital banking services through Mashreq’s NEOBiz platform, where they will be able to open instant accounts

SupplyMe Igor Nikolenko

The SME Story: Igor Nikolenko, co-founder and CEO of SupplyMe

SupplyMe is a B2B marketplace that connects local food suppliers with foodservice businesses

The SME Story: Emanuel Brendarou, founder and CEO of Terrasuya

Terrasuya’s offerings include handcrafted earrings, bracelets and necklaces at an affordable price point

The SME Story: Rami Darwish, founder and CEO of Arrow Labs

Arrow Labs offers digital tools to empower deskless frontline workers with technology to increase their productivity

Dubai Chamber

Dubai Chamber, TikTok help over 280 startups to strengthen their digital growth

The MoU was signed earlier this year to create and launch the Dubai Chamber – TikTok Academy.

count'd Dubai

The SME Story: Fadi Ghaly, CEO and founder of Count’d

Dubai-based healthy meal subscription app Count’d has plans to expand into Saudi Arabia, Kuwait and Bahrain next year

Jad Antoun

The SME Story: Jad Antoun, CEO and co-founder of Huspy 

UAE-based proptech startup Huspy has generated over $250m in annualised gross merchandise value and completed over 300 transactions

Riwa Khan_Majama

The SME Story: Riwa Khan, founder of Majama

Dubai-based Majama produces vegan and gluten-free desserts with ambitious plans to expand further into the GCC markets

Mashreq Bank Emirates Development Bank

Emirates Development Bank inks MoU with Mashreq for SME credit guarantee programmes

Mashreq will offer financing of up to Dhs10m to SME customers, of which 50 per cent will be guaranteed or co-lent by EDB

Ajman Free Zone

RAKBANK agrees MoU with Ajman Free Zone for SME financing

RAKBANK will offer SMEs and larger businesses based in free zone easy access to account opening services, loans, and credit facilities

Emir Tumen, founder of Decosouq

The SME Story: Emir Tumen, founder of Decosouq

Decosouq is a dedicated e-commerce marketplace for pre-owned furniture that recently entered the UAE market

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed launches new platforms to support startups and investors in the UAE

The UAE will also host a new Investopia Investment Summit in March 2022

Dubai Emirates SME

Dubai’s Emirates offers SMEs bonus points equivalent to return economy ticket

The incentive is available to SME who sign up to Emirates’ Business Rewards corporate loyalty programme from June 27-July 27, 2021

Dubai SME

Dubai SME launches new business incubator in American University

The certified business incubator will allow students to avail of common workspaces and incentives to launch their projects

UAE’s Emirates Development Bank, NBQ partner to facilitate SME financing

The MoU will cover credit guarantee and co-lending programmes

UAE’s Emirates Development Bank allocates Dhs30m to finance SMEs through Beehive platform

The Beehive platform uses crowdfunding technology to connect SMEs seeking finance with investors who can support their finance request

Commercial Bank of Dubai Network International

Commercial Bank of Dubai partners with Network International for pre-approved business loans

CBD will offer business loans to Network’s retail and ecommerce clients against their Point of Sale machines or payment gateway proceeds

Emirates Development Bank, Commercial Bank of Dubai

Emirates Development Bank, Commercial Bank of Dubai sign MoU for SME lending programme

CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum

Sheikh Hamdan unveils new crowdfunding platform in Dubai for youth entrepreneurs

Dubai SME will provide a package of incentives for those who obtain financing via the new platform called Dubai Next

Claudio Esposito-Aiardo Carasti

The SME Story: Claudio Esposito-Aiardo, co-founder and CEO of Carasti

Dubai-headquartered car subscription startup, Carasti, recently secured $3m in funding

Faris Mesmar Co-founder and managing partner, hatch & boost

The SME Story: Faris Mesmar, co-founder and managing partner of hatch & boost

Hatch & Boost is an Abu Dhabi-based venture builder dedicated to hatching startup ideas and boosting them into scalable ventures in the Middle East

Nour Sleiman, co-founder and CMO of Cartlow

The SME Story: Nour Sleiman, co-founder and CMO of Cartlow

Cartlow is a re-commerce initiative that offers like-new pre-owned, refurbished, open-box and clearance products, tested and certified by experts

Dubai Chamber TikTok

Dubai Chamber partners with TikTok to launch training programmes for SMEs and startups

The Dubai Chamber – TikTok Academy will offer a four-week educational programme to help businesses develop social media marketing strategies

Dubai SME Ztartup

Dubai SME launches digital health business incubator Ztartup

The incubator provides two specialised programmes – one for business incubation and the other for business accelerators

Kim Thompson, co-owner and managing director, RAW Coffee Company

The SME Story: Kim Thompson, co-owner and managing director of RAW Coffee Company

Raw Coffee Company imports specialty-grade green beans, roasts and supplies them to cafés, restaurants, offices and home connoisseurs

Ajman Department of Economic Development

Ajman DED signs agreement with noon.com to support SMEs

Entrepreneurs from the emirate can market and promote their products through the Noon Mahali digital platform to increase their reach and visibility

Finance House

For UAE SMEs: These business solutions simplify services and boost earnings

UAE-based Finance House’s ‘Rabeh Business’ suite of products aim to support small businesses via a wide range of offerings

Amina Grimen and Ayat Toufeeq, co-founders at Poweder.ae

The SME Story: Amina Grimen and Ayat Toufeeq, co-founders of Powder.ae

Powder.ae is a direct-to-consumer, content-led e-commerce business focused on retailing clean beauty and skincare in the Middle East

Women’s Voice: Discussing the Covid-19 impact on gender equality

Covid-19 has disproportionately impacted jobs held by women workers

The Arabian Luxury Group

The Arabian Luxury Group joins list of certified business incubators in Dubai

The incubator aims to invest in Emirati projects in the fields of fashion, jewellery, perfumes and other luxury goods made by Emiratis and citizens of other Arab countries