Tradeling inks MoU with Emirates Islamic to support SMEs in UAE

By Shilpa Annie Joseph, Official Reporter
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UAE’s largest eMarketplace, Tradeling has signed a Memorandum of Understanding (MoU) with the leading financial institution Emirates Islamic in order to strengthen the small and medium-sized enterprises (SME) economy in the country.

Tradeling is the largest eMarketplace focused on business-to-business (B2B) transactions in the Middle East and North Africa (MENA) region.

The company said that the collaboration will create added value for Emirates Islamic Business Banking customers as Tradeling will run promotional campaigns which will help streamline SME customers’ procurement processes, maximize their earning potential and benefit from competitive prices.

Furthermore, Tradeling and Emirates Islamic will design various banking solutions leveraging Tradeling’s advanced platform designed specifically to tackle the hurdles faced by B2B buyers and sellers.

Marius Ciavola
Marius Ciavola
CEO – Tradeling

“To further drive the growth of our customer’s business banking solutions, we are committed to promoting best practices through essential collaborations. The collaboration with Emirates Islamic is a key step toward better understanding and serving our consumers, as well as differentiating service offers for SMEs in the region.”

Commenting on the announcement, Mr. Farid Al Mulla, Head of Consumer Banking and Wealth Management at Emirates Islamic, said that, “As we continue to drive innovation and create an eco-system of value-added solutions for SMEs in the UAE, we are excited to take the next natural step in supporting the sector.”

“Our collaboration with Tradeling will allow us to connect our customers to buyers and sellers within and outside of the UAE and offer competitive prices to small businesses. Tradeling’s digital capabilities will provide us with greater insight into optimizing solutions tailored to their needs as local businesses looking to offer differentiating value,” Mr. Al Mulla further added.

Related: Emirates Islamic rolls out business banking account for women-led SMEs in UAE