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Tag Archives: small and medium-sized firms

Dubai South in deal to draw European SMEs

The business park at Dubai South has announced it has entered into a partnership with the Union of European Expert Chambers (UCEE) to establish a permanent exhibition and business centre for the members of UCEE at the business park. The partnership aims to encourage European small to medium-sized enterprises (SMEs) …

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Boosting Dubai’s appeal to business community

Business people from a diverse range of companies and sectors met with His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to discuss ways to enhance Dubai’s appeal to the business community. A workshop involving around 80 business people and …

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Dubai economic package to boost investments, job growth

Government of Dubai has called on government departments to work on a comprehensive reform package to boost business confidence and economic growth in the Emirate. Stimulus plans include proposals to allocate 20 per cent of government tenders to small and medium-sized businesses, developing low-cost family tourism systems through a timeshare …

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Emirati-owned SMEs bagged Dh1.5b in contracts in 2017

The total value of contracts awarded to Emirati-owned small-to-medium-sized enterprises (SMEs) within the emirate since the Government Procurement Programme was begun in 2002 is Dh5 billion, Dubai SME has said. The total value of contracts awarded in 2017 was Dh1.5 billion — the first time the scheme has generated contracts …

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VAT implementation makes SME lending safer

The UAE’s banking sector stands to benefit from the implementation of Value Added Tax (VAT) as the new tax system makes the balance sheets of corporates, particularly the small and medium enterprises (SMEs) more transparent, said Abdul Aziz Al Ghurair CEO of Mashreq Bank and Chairman of the UAE Banks …

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Financing initiative launched to support Emirati-owned SMEs

Emirates Development Bank, the lender set up to help finance local developmental, residential and industrial projects, said on Monday it would begin funding small and medium-sized enterprises (SMEs). Focusing on SMEs owned and operated by UAE nationals, the initiative is intended to support the economic and social development of the …

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Entrepreneurs invited to showcase ideas

The Mohammad Bin Rashid Al Maktoum Knowledge Foundation (MBRF) announced on Tuesday plans for its first ever Arab Innovation Forum, offering a platform for institutions, experts and entrepreneurs to come together and showcase their innovations. The organisers of the event, which will take place from February 26 to 28 at …

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SMEs a key focus for Dubai Expo

Expo 2020 Dubai’s three key themes are mobility, sustainability and opportunity. Tied in to all three of those are its emphasis on supporting start-ups and small and medium enterprises (SMEs). In addition to Expo’s commitment to support fledgling start-ups worldwide through its ExpoLive project, and its commitment to allocate at …

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Etisalat offers ‘non- stop’ data for Dh140 per month

Etisalat announced on Wednesday a special data package that promises small business owners non-stop Internet access for less than Dh200 per month. The telecommunications company said its new Business First mobile plan, a first of its kind, provides small and medium business customers “non-stop data” for as low as Dh140 per month. …

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