Abu Dhabi Islamic Bank and Dubai Tourism Collaborate to Support Small and Medium Enterprises
Both Dubai's Department of Economy and Tourism and Abu Dhabi Islamic Bank have launched the "DET Connect" account as part of the "SME in a Box" initiative. The aim is to facilitate the establishment of small and medium-sized enterprises and to provide an integrated digital banking solution. The account offers services such as banking accounts, payment solutions, trade financing, and logistical support, along with exemptions and features that help reduce costs and speed up procedures. This collaboration seeks to support over 94% of SMEs, which contribute more than 53% to the GDP. It reflects Dubai and the bank's commitment to promoting entrepreneurship and facilitating business growth.
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