Press Dossier   By Date  14/04/2021
Emirates NBD’s E20. partners with MoniMove to support SMEs
Emirates NBD has announced that it is partnering with fintech platform, MoniMove, to complement the bank's E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE.
SABIC unit aims to ramp up investment support for industrial SMEs
Nusaned Investment, the localization initiative from Saudi Basic Industries Corp (SABIC), was set up in 2018 as part of the Kingdom’s Vision 2030 plan to diversify the non-oil economy by encouraging the growth of local companies and small and medium-sized enterprises (SMEs) in the industrial sector.
Saudi fintech startup secures $670k seed funding
Saudi fintech startup Prexle has raised SR2.5 million ($670,000) in seed funding from angel investors, the company announced this week.
Saudi MoF launches financial claims platform for private sector
The Saudi finance ministry has launched an online service to handle claims from contractors and suppliers.
Dubai Aerospace signs 48 lease deals amid aviation slowdown
The aircraft leasing division of Dubai Aerospace (DAE) has signed 48 lease deals during the first three months of the year, amid a global slowdown in the aviation sector.
Advanced signs $485m contracts for two new Jubail plants amid rising polypropylene demand
Advanced Petrochemical has agreed a deal to build two new plastics plants in Jubail at a total cost of $485 million.
Batic expands stake in Saudi smart cities firm
Saudi investment firm Batic has signed an initial agreement to acquire 34.4 percent of of Smart Cities Solutions Company, it said in a bourse filing on Wednesday.
Assembly drama continues as guards called in chamber
National Assembly guards were yesterday ordered to enter the chamber to prevent possible clashes between lawmakers as political drama continued in the National Assembly forcing Speaker Marzouk Al-Ghanem to adjourn yet another session.
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