Etihad Credit Insurance to provide Dh3 3bn in credit guarantees to UAE companies by year-end, CEO says thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
SMEs in UAE Can Now Participate in Government Tenders cairoscene.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairoscene.com Daily Mail and Mail on Sunday newspapers.
The SME sector in the UAE accounted for about 94 per cent of total companies and employed more than 86 per cent of the private sector workforce at the end of 2019, according to Ministry of Economy data. In Dubai, SMEs accounted for 95 per cent of companies, employed 42 per cent of the workforce and contributed 40 per cent of the emirate s gross domestic product.
Supporting the SME sector is among the top priorities at both federal and emirate levels. Dubai has rolled out several initiatives last year to soften the impact of the pandemic on small businesses. The federal government has also ensured access to financing for smaller enterprises.