UAE In-Focus — EDB rolls out digital platform to support SMEs; Virtual platform MeetsMeta expands into UAE

The Emirates bank and National Bank of Dubai and shoreline of Dubai Creek (Shutterstock)
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Updated 02 May 2022
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UAE In-Focus — EDB rolls out digital platform to support SMEs; Virtual platform MeetsMeta expands into UAE

 

DUBAI: The Emirates Development Bank has reaffirmed its financial commitment to SMEs and startups in the country, according to a report published in the National newspaper. 

To facilitate ease in banking, EDB had recently rolled out a digital platform for such businesses to open an account and reserve an IBAN number within hours. 

The report stated that more than 1,000 of these digital accounts were created since the launch of the new service. 

“Under the EDB’s mission to enable the UAE’s economic and industrial agenda, and in line with our commitment to creating a supportive environment for business, we offer a patient debt approach with flexible pricing and tailored financing solutions for SMEs that widen financial inclusion in the UAE,” said Ahmed Al Naqbi, CEO of EDB. 

MeetsMeta selects the UAE for launching, expansion

Virtual platform MeetsMeta has selected the UAE to launch the first virtual city to simulate reality through NFTs.

With the new initiative, MeetsMeta also aims to provide users with a virtual experience where they can select the individuals they want to meet and can interact with each other. 

MeetsMeta is a part of Metaverse that provides future investment and social opportunities, according to Zawya. 

“The UAE provides an ideal environment for launching MeetsMeta in the region. It is the most capable country in terms of the IT and telecommunications infrastructure. The UAE strongly supports business growth and investments in cryptocurrency. It also provides a motivating environment for innovation and creativity,” said Mohammed Khaled, founder of MeetsMeta.


Saudi Arabia ranks 2nd globally in digital government, World Bank 2025 Index shows


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Saudi Arabia ranks 2nd globally in digital government, World Bank 2025 Index shows


WASHINGTON: Saudi Arabia has achieved a historic milestone by securing second place worldwide in the 2025 GovTech Maturity Index released by the World Bank.

The announcement was made on Thursday during a press conference in Washington, DC, which evaluated 197 countries.

The Kingdom excelled across all sub-indicators, earning a 99.64 percent overall score and placing it in the “Very Advanced” category.

It achieved a score of 99.92 percent in the Core Government Systems Index, 99.90 percent in the Public Service Delivery Index, 99.30 percent in the Digital Citizen Engagement Index, and 99.50 percent in the Government Digital Transformation Enablers Index, reflecting some of the highest global scores.

This includes outstanding performance in digital infrastructure, core government systems, digital service delivery, and citizen engagement, among the highest globally.

Ahmed bin Mohammed Al-Suwaiyan, governor of the Digital Government Authority, attributed this achievement to the unwavering support of the Saudi leadership, strong intergovernmental collaboration, and effective public-private partnerships.

He highlighted national efforts over recent years to re-engineer government services and build an advanced digital infrastructure, which enabled Saudi Arabia to reach this global standing.

Al-Suwaiyan emphasized that the Digital Government Authority continues to drive innovation and enhance the quality of digital services, in line with Saudi Vision 2030, supporting the national economy and consolidating the Kingdom’s transformation goals.

The 2025 GTMI data reflects Saudi Arabia’s excellence across key areas, including near-perfect scores in core government systems, public service delivery, digital citizen engagement, and government digital transformation enablers. This balanced performance places the Kingdom firmly in the “Grade A” classification for very advanced countries, demonstrating the maturity of its digital government ecosystem.

Saudi Arabia’s progress in the index has been remarkable: from 49th place in the 2020 edition, to third in 2022, and now second in 2025, confirming its status as a global leader in digital transformation and innovation.

The achievement also reflects the Kingdom’s focus on putting people at the center of digital transformation, enhancing user experience, improving government efficiency, and integrating artificial intelligence and emerging technologies across public services.