ABU DHABI, 10th March, 2022 (WAM) Masdar City and Mashreq Bank have signed a Memorandum of Understanding (MoU) to provide financial services to Small and Medium-sized Enterprises (SMEs) and start-ups based in the City. This will include easy access to NeoBiz, the bank's first digital banking platform designed specifically for start-ups and SMEs.
The MoU was signed by Abdulla Balalaa, Executive Director of Masdar City, and Vikas Thapar, Executive Vice President, Head of Business Banking & NeoBiz at Mashreq Bank, at an official ceremony.
ABU DHABI, 16th February, 2022 (WAM) The Ministry of Industry and Advanced Technology (MoIAT) has successfully overseen a historic rise in industrial exports from the UAE to foreign markets, which amounted to approximately AED120 billion (US$32.6 billion) in 2021. This coincided with a major surge in factories commencing production in 2021, with 220 new facilities going into service. Also, the National In-Country Value (ICV) Programme, launched to redirect spending by public entities and major companies under its umbrella to the UAE economy, has succeeded.
The Ministry of Industry and Advanced Technology (MoIAT) has successfully overseen a historic rise in industrial exports from the UAE to foreign markets, which amounted to approximately Dhs120 billion ($32.6 billion) in 2021. This coincided with a major