National Bank of Bahrain (NBB) has signed a memorandum of understanding (MoU) with the Bahrain Development of Small and Medium Enterprises Society (BDSMEs) to strengthen support for the Kingdom’s SME ecosystem.
The small and medium‑sized enterprises (SMEs) across the Gulf region showed strong resilience through the first quarter, sustaining high levels of company formation and restructuring even as March brought renewed disruption linked to the regional tensions, said a report.
Sharakah, Oman’s leading SME development company, has signed a memorandum of understanding (MoU) to provide Anfal Industries & Trading Company SPC, an Omani-owned manufacturer and distributor of industrial, cleaning, and laboratory chemicals, a Shariah-compliant financing facility to support its working capital requirements.
Network International (Network), a leading fintech company with operations across the Middle East and Africa (MEA) region, said it has reached an agreement with leading UAE group Rakbank to buy its merchant acquiring business in the emirates.
COEX has brought 50 promising Korean consumer-goods companies to Dubai as part of a new initiative to help small and medium-sized enterprises expand into the Middle Eastern market and build long-term export channels across the region.
