A New Banking Push for Dubai’s SMEs?

For many small and medium-sized businesses, banking support often becomes a deciding factor between steady growth and constant struggle. Recognising this reality, Dubai Chambers has entered into a new partnership with Abu Dhabi Islamic Bank (ADIB), aimed at making financial services more accessible and practical for SMEs operating in Dubai.

The two organisations recently signed a MoU that focuses on strengthening banking support for the business community, with SMEs at the centre of the agreement. Rather than a broad, one-size-fits-all approach, the partnership is designed to bring together resources, expertise, and networks from both sides to offer more targeted financial solutions.

At its core, the agreement sets the foundation for closer collaboration between Dubai Chambers and ADIB. The idea is to develop banking services and financial packages that align with the real needs of small and growing businesses — whether that means easier access to financing, tailored digital banking tools, or advisory support at different stages of growth.

A key part of the collaboration will involve ADIB Ventures, the bank’s initiative focused on innovation and fintech partnerships. Through this platform, SMEs will gain access to global banking services and specialised support, particularly those looking to scale or explore technology-driven solutions. For businesses navigating new markets or adopting digital systems, this could help bridge some long-standing gaps.

Commenting on the partnership, Khalid Al Jarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, noted that the agreement aligns with the organisation’s ongoing efforts to strengthen Dubai’s business environment. He emphasised that expanding the range of services available to companies — across sectors and sizes — remains a priority, especially as Dubai continues to position itself as a global business hub.

From ADIB’s side, the focus remains on practical support. Amit Malhotra, Global Head of Retail Banking at the bank, highlighted the importance of equipping SMEs with financial tools, advisory services, and Sharia-compliant solutions that allow them to grow at their own pace. He also pointed to the role of digital banking and innovation pathways in helping entrepreneurs and high-growth companies operate more efficiently.

This partnership also ties into the wider goals of the Dubai Economic Agenda, which aims to double the emirate’s economy by 2033. Dubai Chambers continues to play a role in supporting this vision by improving the business environment, attracting investment, encouraging international expansion, and supporting the growth of the digital economy.

For SMEs, the agreement signals a step toward more coordinated suppor — where banking, innovation, and business development efforts work together rather than in silos. While the real impact will unfold over time, the focus remains clear: making growth a little more manageable for the businesses that form the backbone of Dubai’s economy.