Saudi Startups Received $198 Million in March 2024

The United Arab Emirates received the second most funding in the MENA region last March with $39 million raised across 12 deals.

MSMEDA, Kredit seal $2.1mln deal to finance SMEs

Both sides have also inked a contract worth EGP 50 million, which is the first tranche of the abovementioned financing

OIA firms spent $524.7mln on SMEs in 2023

OIA also released the second edition of its mandatory list, expanding it to include over 100 additional local products and services

MSMEDA injects over $1.06bln in less than 10 years

A significant portion of this funding, 47%, was directed to Upper Egypt’s governorates, reflecting their financial needs and developmental priorities

Dhofar Islamic introduces the SME Business Banking Account in Oman

This account comes in line with the Oman Vision 2040

UAE and Saudi Arabia Ranked 1st and 3rd in Entrepreneurship Report

The Global Entrepreneurship Monitor Report compares the entrepreneurial ecosystems of countries around the world.

ADCCI sets up dedicated working group for startups and SMEs

A strategic step that seeks to achieve the Abu Dhabi Chamber’s vision of making the Emirate the first choice for doing business in the Middle East and North Africa (Mena) region by 2025

SMEs' access to financing discussed in Tunisia

Nouri outpointed the importance of coordinating actions to support SMEs and facilitate their access to financing

MSMEDA launches ‘Aziza’ initiative to empower women entrepreneurs in Egyptian governorates

This initiative offers soft loans to women seeking to enhance existing enterprises or kick-start new ventures

Contributions of SMEs to development highlighted in Bahrain

The Commerce and Industry Ministry affirmed its plans to implement a comprehensive regulatory framework for business incubators and accelerators