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Dubai SMEs have won Dhs7 5b contracts since launch of GPP

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

Saudi National Bank buoys Saudi shares; other markets mixed
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Most major Gulf markets gain; Saudi index dips

2 Min Read (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.

Smart taps UAE firms for 5G roaming service

Smart taps UAE firms for 5G roaming service Richmond Mercurio © BusinessWorld/File Smart taps UAE firms for 5G roaming service MANILA, Philippines PLDT wireless arm Smart Communications Inc. is boosting its 5G roaming availability as it teams up with the United Arab Emirates (UAE)’s two mobile telco brands Etisalat Group and du. Smart said its partnership with the largest mobile operators in UAE would enable its prepaid and postpaid subscribers to enjoy worry-free 5G service while they are in the country. “This is part of Smart’s commitment to deliver superior customer service. The United Arab Emirates is among the top roaming destinations for Smart mobile subscribers,” Smart vice president for international roaming and consumer business Alice Ramos said.

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