Dubai sees 550% annual rise in global SMEs attracted to the emirate

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 22.44 points, or 0.18 percent, to close at 12,607.98.  The total trading turnover of the benchmark index was SR7.35 billion ($1.96 billion) as 155 stocks advanced, while 62 retreated.   Similarly, the MSCI Tadawul Index increased by 1.57 points, or 0.10 percent, to close at … Read more

Omani authority injects $63.9m into 244 SMEs across different sectors

RIYADH: Global economic volatility alongside emerging technologies has not deterred business confidence among CEOs in the Middle East, a recent report revealed. The CEO Global Insights Study for 2024 by Arthur D. Little, survey almost with 300 CEOs from across the world, and discovered positivity from leaders in the region. The report revealed that 61 percent of CEOs in the Middle East are optimistic about economic growth in … Read more

Latin American SMEs keen to collaborate with Saudi Arabia

CAIRO: Saudi Arabia’s entrepreneurial landscape is bustling with innovation, as startups across the Kingdom are leading a digital revolution in various sectors. Among these, the healthcare industry stands out as a primary focus, with a significant influx of technology firms dedicated to enhancing the sector’s efficiency and accessibility. In an interview with Arab News, Prince Mohammed … Read more

Saudi Arabia and Jordan sign cooperation deal to support SMEs

Spotlight on strategic alliances at Saudi Public Investment Fund’s Private Sector Forum RIYADH: The Public Investment Fund’s second annual Private Sector Forum concluded on Wednesday, after two days of sessions designed to promote and develop strategic alliances between the Saudi sovereign wealth fund and the private sector. More than 8,000 people attended the event at … Read more

SMEs in Saudi Arabia received over $3.2bn in funding during 2023 

RIYADH: Building on its successful debut, the World Defense Show returns to Riyadh this February, with over 750 exhibitors from 77 countries set to emphasize future readiness in the sector. Founded by Saudi Arabia’s General Authority for Military Industries, WDS serves as a global forum for innovation and technological discourse in the defense industry, covering five … Read more

Regional fintech giants Tamara and Paymob partner to support SMEs 

RIYADH: Customers of small and medium-sized enterprises in the Middle East could find it easier to split payments after a deal by Saudi firm Tamara and Paymob. This strategic partnership combines former firm’s buy now, pay later service with the latter’s secure payment gateway, allowing customers to pay over four installments without hidden fees or interest.  … Read more

Updated online platform launched to help SMEs identify market trends

RIYADH: Small and medium enterprises in Saudi Arabia are set to benefit from an enhanced online platform designed to provide essential data for identifying market trends. The “Atlas Business Platform” will supply SMEs and entrepreneurs with major business indicators categorized by region, sector, and products that will help shape strategic decisions.