MoU signed to enhance support for small and medium-sized enterprises

Dubai Chambers has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to strengthen banking support for the business community, with a particular focus on empowering small and medium-sized enterprises (SMEs) through a suite of integrated banking solutions designed to enable sustainable growth.

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The agreement outlines a framework for closer cooperation between Dubai Chambers and ADIB, bringing together the expertise, resources, and business networks of both parties to develop high-impact services, tailored packages, and effective financial support that deliver greater value to Dubai's business ecosystem.

Under the terms of the MoU, the two parties will collaborate to provide access to global banking services and specialised support for the growth of SMEs through ADIB Ventures, the bank's initiative aimed at accelerating innovation and fostering partnerships within the fintech sector.

Khalid Al Jarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said: "At Dubai Chambers, we remain committed to strengthening partnerships that enhance the business environment and boost private-sector competitiveness. Our MoU with Abu Dhabi Islamic Bank forms part of our ongoing efforts to broaden the services available to the business community and support the growth of companies across all sectors, with the goals of further consolidating Dubai's position as a leading global business hub.