DUBAI / WAM Small and medium enterprises (SMEs) in the UAE have taken on a critical and highly essential role in the move towards achieving economic growth and diversity. SMEs represent more than 94 percent of companies operating in the country, ably providing jobs to more than 86 percent of private sector’s workforce. In Dubai alone, they make up ...

  DUBAI / WAM Multiply Group, a technology-enabled holding company based in Abu Dhabi, on Friday announced it will be investing AED367 million ($99.92 million) into the Dubai Electricity and Water Authority’s (Dewa’s) landmark initial public offering (IPO) as a cornerstone investor. The group’s latest investment follows a series of strategic acquisitions, creating a unique technology-enabled ecosystem to pursue growth ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the government of Bangladesh have enjoyed close relations for more than 40 years. The ties enabled ADFD to drive development in Bangladesh through financing major developmental projects amounting to AED692 million. The initiatives covered sectors such as agriculture, energy, industry, transport and water. Moreover, ADFD also holds a ...