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FINANCIAL NEWS
UAE SMEs to boost GDP share to 70 percent
10 Mar 2016
(MENAFN) The UAE is supporting small and medium enterprises with an aim to increase the share of the segment in national economy to 70 percent from 60 percent by 2021.
Accordingly, SMEs which account for 86 percent of the whole workforce in the nation are the main enablers of economic diversification.
In addition, SMEs account for more than 94 percent of the firms operating in the UAE and their whole number is 350,000.
The manufacturing sector also has an 11 percent share for SMEs, and these SMEs contribute to 86 percent of the whole workforce in the UAE and for 60 pct.
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BBK discloses its financial results for the half year ended 30th June 2025
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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
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