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Emirates News Agency - Masdar City, Mashreq Bank to progress UAE's SME and start-up ecosystem

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. ....

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Emirates News Agency - Ministry of Industry and Advanced Technology issues its first annual report for 2021

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. ....

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