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Bill seeks to protect SMEs from payment defaults

Ministry of Trade and Industry says the Small and Medium Enterprises (SME) Bill is expected to be tabled in the next meeting of parliament depending on Cabinet approval. The Bill seeks to create an authority that will regulate the SME sector. Ministry of Trade and Industry director of SMEs and cooperatives Limbikani Kachiwaya said in

UAE In-Country Value scheme spending hits $18bn

UAE’s National In-Country Value (ICV) Programme, which heralds a new phase of the country s industrial development, has seen a significant spending increase on local products and services with expenditure reaching AED67 billion ($18.23bn), a 26% increase.

Emirates News Agency - MoIAT, MoE reduce ICV certification fee for SMEs registered in National Programme

ABU DHABI, 20th June, 2023 (WAM) The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with the Ministry of Economy (MoE) has reduced the fee for companies registered in National Programme for Small and Medium Enterprises (The National Programme for SMEs) to obtain a National In-Country Value (ICV) certificate.The new incentive aims to encourage companies registered in The National Programme for SMEs to join the ICV programme in line with the objectives of the National Strategy for Industry and Advanced Technology to promote.

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