The UAE Ministry of Economy in partnership with the Minister of State for Government Development and the future has commenced application for the top 100 future enterprises including blockchain startups. The initiative which was launched in December 2022 aims to accelerate the growth of promising UAE ‘Future Economy’ SMEs, encourage investment in ‘Future Economy’ companies in the UAE, strengthen UAE’s position as the start-up and scale-up nation and support the continued sustainable growth of the ‘Future Economy’ ecosystem. 100 startups based out of the UAE and utilizing technologies such as Blockchain, AI, Web3, robotics, IoT, 3D printing, working in sectors such as renewable energy, agritech, space, advance manufacturing, biotech, creative industries, sustainability, healthtech and cybersecurity will be able to participate in the competitionad be awarded Future 100 Label with various perks and benefits. The chosen startups will have fast Access to Investors, Regulators A

  Shipsy, a leading global SaaS-based logistics management platform provider which utilizes technologies such as blockchain has signed an MOU with Monsha'at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, to support Saudi Vision 2030. This development took place at the sideline of Biban 23 Forum.   The MoU highlighted that Shipsy would offer its technology at a significant concession for all customers channeled through Monsha’at. The logistics SaaS provider also earmarked an investment worth USD 10 million over 5 years in the region to drive technology innovation and research and development. This MoU’s objective will be to develop and support SMEs and entrepreneurship under the laws and regulations in force in the Kingdom of Saudi Arabia and commensurate with the available resources, aiming to drive growth and economic diversification. "We are honored to partner with Monsha'at and thrilled to be a part of KSA's Vision 2030.

  UAE based Abu Abu Dhabi Global Market (ADGM) and Zand Bank, the UAE’s all digital bank licensed by the UAE Central Bank, have inked a memorandum of understanding (MoU) to offer preferential banking services and efficient bank account opening   for ADGM-licensed entities, including SMEs, virtual assets companies, funds, and corporations. Zand Bank will be the sixth bank that ADGM has partnered with in addition to other prominent banks operating in Abu Dhabi and across the UAE. As per the agreement, ADGM and Zand Bank will also support the placement of Emiratis and offer finance training programs, SME financing platforms, a FinTech sandbox, and corporate innovation programs. Commenting on this partnership, Dhaher bin Dhaher Al Mheiri, CEO of ADGM, said, “We are pleased to partner with Zand Bank to collaborate on mutually beneficial initiatives and empower ADGM’s community with dedicated banking services. SMEs exist as one of the main pillars of economic diversification in the UAE a