Dubai SME and CBD in deal

Dubai SME, the agency of the Department of Economic Development (DED), Government of Dubai, has signed a partnership agreement with Commercial Bank of Dubai (CBD) to offer benefits to the top 100 SMEs.Abdul Baset, Chief Executive of Dubai SME, thanked CBD for their commitment and support of this critical initiative to champion the SME sector and said: “This is only the beginning of SME development journey together with valued partners like CBD.“I am confident that as the Dubai SME100 initiative grows in strength, more valued partners like CBD will come on board which will only benefit the development of small and Medium Enterprises”, he added.Faisal Galadari, General Manager - Business Group of Commercial Bank of Dubai said: “We, at CBD are proud to be associated with Dubai SME 100 to support and offer benefits to the top 100 SMEs. We have always endeavored to promote ‘&’ strengthen the SME sector in the UAE. Today Commercial Bank of Dubai ‘&’ Dubai SME100 is beginning a journey towards SME development.”“Our top SMEs are growing fast and we need partners like CBD to help enable and groom the process, which is not only financial access but non-financial aspects as well, especially in financial management capability development,” Faisal Galadari added.In line with the strategy to groom promising SMEs, the Dubai SME 100 ranking will act as a platform and catalyst to identify promising SMEs — to groom them to become bigger, better and sustainable enterprises; eventually graduating them to large globally-oriented companies. From / Gulf Today