16 Dec 2014
(MENAFN) Kuwait’s Ministry of Finance said that the Kuwaiti government is looking forwards to expanding the contribution of small and medium enterprises (SMEs) to the national economy, KUNA reported.
The Ministry said that the government’s current plan of action and development targets a bigger role for the SMEs in contributing to the national economy, which will help it in diversifying its resources away from oil industry to achieve sustainable development, especially in light of the recent and continuous decline in oil prices.
We emphasize the necessity of offering all support to SMEs to help expand the private sector and its added value to the economy, and helping SMEs entrepreneurs in overcoming the obstacles they are facing, , especially the finance and land, should be a top priority in the coming period,” The Minister of Finance was quoted as saying in a recent event.
As part of their plans to help the country’s SMEs and as a show of their importance, the government also announced that it has established the national fund for SMEs with a total capital of USD6.84 billion, which will help in financing an enormous number of SMEs, with each enterprise being eligible to a loan of up to USD1.71 million.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more