Dubai SME wins contracts worth $244m in 2020 tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Dubai SMEs have won Dhs7.5b contracts since launch of GPP
11 Apr 2021 Dubai SME promotes collaboration between various entities supporting the SME sector and economic development in Dubai.
Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, supported its members with procurement contracts worth Dhs896 million from 61 local and federal government entities and other establishments in 2020. The contracts, facilitated as part of the Government Procurement Programme (GPP), had a major role in start-ups and SMEs in Dubai enhancing their competitiveness and sustaining growth in spite of COVID-19. The GPP has so far supported Dubai SME members with Dhs7.5 billion worth of contracts since the launch.
Saudi National Bank buoys Saudi shares; other markets mixed reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) - Most major stock markets ended higher on Thursday, while the Saudi index eased a day after it registered sharp gains triggered after the kingdom announced a private investment push.
FILE PHOTO: A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. REUTERS/Faisal Al Nasser
Saudi Arabia’s crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.33 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.
The kingdom’s benchmark index eased 0.1%, hit by a 1.5% fall in oil giant Saudi Aramco and 2% slide in Saudi Basic Industries Corp.