Ten-year-old Kristoff Davidson enthusiastically looking forward to playing more ‘sixes’ golf after tasting success
The Sharjah Chamber of Commerce and Industry (SCCI) and Emirates Development Bank (EDB), signed a Memorandum of Understanding (MoU) to foster the development and growth of UAE-based manufacturers, exporters and SMEs through financial support.
Abdullah Sultan Al Owais, Chairman of SCCI, said: “The ultimate goal for this MoU is to promote economic diversification and support the strategic goals defined by the Ministry of Industry and Advanced Technology. We seek to leverage EDB’s innovative banking solutions to empower manufacturers and SMEs in the Emirate of Sharjah and partner with the Sharjah Export Development Center in improving financial access to exporters. Moreover, the SCCI’s ‘Sadr’ Fund will also offer the necessary liquidity to exporters and reduce risks in export operations through credit protection.”
Both entities will strengthen cooperation to develop joint entrepreneurship programmes, build awareness and promote knowledge sharing. For its part, EDB will extend direct and indirect lending support, equity funding for SMEs and startups in the priority sectors as well as non-financial support in the form of mentorship and business guidance.
Ahmed Mohamed Al Naqbi, CEO of EDB, said: “In line with our new strategy, EDB is proud to partner with the Sharjah Chamber of Commerce and Industry to support the industrial and SME sectors, which continue to play a pivotal role in the country’s economic diversification and long-term growth. Through our collaborative efforts, we will provide financial and non-financial support to entities operating in priority sectors to ensure that they are viable in the long run and can make a valuable contribution to the UAE’s growth journey.” — business@khaleejtimes.com
Ten-year-old Kristoff Davidson enthusiastically looking forward to playing more ‘sixes’ golf after tasting success
How this band from Philippines became idols of a new brand of pop music and cracked the top 10 of the Billboard Social 50 chart
From world-renowned artists like Jason Derulo to captivating stage shows, Dubai's forthcoming season offers an unforgettable experience for all
In a bid to bolster traditional movie theatres, the Academy has revised the eligibility criteria for films
The film is inspired by the popular 1980s TV series of the same name
The actress, known for her roles in films like 'The Princess Diaries' and 'The Devil Wears Prada,' described feeling uneasy about a certain practice
Taapsee and Boe's wedding ceremony in March was a blend of Sikh and Christian rituals
The actor is the son of renowned stunt director Sham Kaushal