{
}
In 2024, Dubai SME facilitated the launch of 3,461 new Emirati businesses, marking a 524 increase from the previous year, and bringing the total to nearly 19,904 since its inception. The organization also provided mentorship to 3,075 entrepreneurs and financed $9.6 million across 44 projects, enhancing support for local talent and innovation. With expanded outreach and new initiatives, Dubai SME aims to further empower Emirati entrepreneurs and strengthen the SME sector.
The Dubai Fintech Summit will take place on 12-13 May 2025 at Madinat Jumeirah, under the theme ‘Fintech for All’. Hosted by the Dubai International Financial Centre, the event aims to attract over 8,000 attendees, including 300 speakers and 1,000 investors from more than 100 countries, focusing on advancements in fintech, AI, and blockchain technologies.The summit will also feature an exhibition with 200 exhibitors, the Future Sustainability Forum, and the return of the Fintech World Cup, providing a platform for startups to showcase their innovations to potential investors and partners.
Dubai and India have signed eight MoUs to enhance economic and strategic cooperation, covering sectors such as infrastructure, healthcare, and education. The agreements, witnessed by Dubai's Crown Prince and India's Commerce Minister, aim to facilitate market entry, investment, and joint initiatives, including the establishment of a UAE-India Friendship Hospital and a world-class campus for the Indian Institute of Management Ahmedabad in Dubai.
Sheikh Hamdan bin Mohammed Al Maktoum's two-day state visit to India marks a significant step in the UAE–India Comprehensive Strategic Partnership, enhancing economic and diplomatic ties. Welcomed by Prime Minister Modi, the Crown Prince engaged in discussions with key Indian ministers, focusing on defense collaboration and trade, with bilateral trade reaching $83.62 billion in FY2023–24. His visit underscores the UAE's role as India's third-largest trading partner and highlights the growing Indian diaspora in Dubai.
Dubai's endowment assets have surged to $3 billion in 2024, reflecting a 9% increase from the previous year. The growth includes 1,043 endowments, with significant contributions from women, whose endowments reached $353.9 million, a 99.96% rise. Real estate dominates the portfolio, valued at $2.7 billion, while innovative strategies by AWQAF Dubai enhance community engagement in social welfare projects.
Dubai's endowment assets have surged to $3 billion in 2024, reflecting a 9% increase from the previous year. The growth includes 1,043 endowments, with significant contributions from women, whose endowments reached $353.9 million, a 99.96% rise. Real estate dominates the portfolio, valued at $2.7 billion, while innovative strategies by AWQAF Dubai enhance community engagement in social welfare projects.
The Dubai International Financial Centre has launched Launchpad to support startups, aiming to create over 200 ventures and 8,000 jobs while attracting $544 million in venture capital. Additionally, the 'One Million AI Prompters' initiative seeks to train a million individuals in AI prompt engineering over three years. In the ride-hailing sector, BluSmart has initiated a pilot in Dubai with 100 Audi E-Tron SUVs, set to compete with Careem and Uber. Meanwhile, Deliveroo is enhancing its food delivery service by using traditional abra boats in Dubai Creek, blending innovation with cultural heritage.
Mohammed bin Rashid Al Maktoum
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Dubai SME supports record number of new Emirati businesses in 2024
11:54 22.04.2025
dubai fintech summit to gather global leaders on may 12 and 13 2025
06:07 15.04.2025
Dubai and India strengthen ties with eight strategic agreements across key sectors
United States Dollar
Indian Rupee
Cochin Shipyard Limited
RITES Limited
IND
ARE
Piyush Goyal
Mohammad Ali Rashed Lootah
Mohammed bin Rashid Al Maktoum
Show more
09:49 11.04.2025
sheikh hamdan visits india to strengthen uae india strategic partnership
United Arab Emirates Dirham
United States Dollar
Indian Rupee
Apple Inc.
IND
ARE
Suresh Gopi
Hamdan bin Mohammed Al Maktoum
Rajnath Singh
Narendra Modi
Mohammed bin Zayed Al Nahyan
Mohammed bin Rashid Al Maktoum
Show more
10:50 09.04.2025
Dubai's endowment assets reach three billion dollars with significant growth in 2024
11:10 14.03.2025
Dubai's endowment assets reach three billion dollars with significant growth in 2024
11:10 14.03.2025
Dubai initiatives boost startups AI training and innovative delivery methods
13:00 28.02.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Startups & Entrepreneurship
Global Financial Events
CEO Changes
Financial Scams and Security
Banking Regulations
Finance Mergers & Acquisitions
Market Analysis and Predictions
Central Bank Actions
Industry Mergers & Acquisitions
Hedge Funds & Private Equity
Global Trade Developments
AI Innovations
Workplace Trends
Government Economic Policies
Supply Chain Management
Government Policies
Countries:
Companies:
Tesla, Inc.
Wells Fargo & Company
Bank of America Corporation
The Goldman Sachs Group, Inc.
Barclays PLC
Apple Inc.
NatWest Group plc
JPMorgan Chase & Co.
Lloyds Banking Group plc
Mastercard Inc
Visa Inc.
Santander UK plc
Citigroup Inc.
Morgan Stanley
HSBC Holdings plc
Nintendo Co., Ltd.
Berkshire Hathaway Inc.
Mercedes-Benz Group AG
Amazon.com, Inc.
OpenAI ERC USD
Currencies:
United States Dollar
Chinese Yuan
British Pound Sterling
Swiss Franc
Euro
Japanese Yen
Indonesian Rupiah
Indian Rupee
Offshore Chinese Yuan
United Arab Emirates Dirham
Singapore Dollar
Qatari Riyal
South Korean Won
Jordanian Dinar
Brazilian Real
People: