The Emirates SMB arena dominates whenever it comes for the revenue generation and adding to nations GDP as it signifies in excess of 94 percent of overall number of firms that are currently in operation within the nation.
UAE’s and Middle East’s telecom giant Etisalat had currently announced that their value schemes will be addressing multiple provisions of the core arena Small and Medium Businesses’ (SMBs) as an initiative for powering their digitalized revolution voyage.
Abu Dhabi’s start-up society will have direct access to a steadfast platform with all the statistics of the initiatives. Listed e-Empower SMBs will be taking cue and lot benefit from the Etisalat’s one-stop destination, ‘Hello Business Hub’.
Etisalat’s Hello Business Hub partners will deliver exclusive trade authorization and banking offers for the start-ups to authorize their presence in Abu Dhabi felt in a momentous way.
The UAE’s SMB sector epitomizes more than 94 percent of the overall account of businesses functioning across the nation. It engages over 86 percent of the private sector personnel, as according to the Ministry of Economy.
Etisalat’s resourcefulness follows Khalifa Fund for Medium Enterprise Development’s recent declaration of Etisalat and Microsoft being the modern establishments to come on board the e-Empower programme ecosystem with resources, like that of webinars, workshops, preferential rates and digital support.
Etisalat Group’s combined net profit, post the withdrawal of the federal royalty, accounted for Dhs2.3bn for Q1 2021, representation of a year-on-year intensification of 7.9 percent and consequential outcome of the net profit margin touching as high as 18 percent.
The Hello business hub offers telecommunications as well as other value-added services to SMBs, while offering them with the ease and suppleness of commencing up their operations in the UAE, whether it be recordkeeping their business, setting up a bank account, telecommunication services or another aspect of operational set-up.
The Senior Vice President, the SMB, Etisalat, Esam Mahmoud, announced that; “We are honoured to be a strategic partner of Khalifa Fund and be part of the e-Empower programme, enabling us to cater to the requirements of small enterprises and start-ups, while helping them to grow their business and accelerate their digital transformation.”
In January, telecom operators Etisalat and du raised the permitted ownership limit of foreign nationals to 49 per cent. The firm said its cumulative subscriber base touched 156 million as of March 31, 2021, signifying a year-on-year intensification of 4 percent.