UAE Bank Launches New Digital Platform To Support SMEs
National Bank of Ras Al Khaimah unveils SMEsouk initiative to create digital ecosystem for small businesses

SMEsouk directs users and customers to offers and financial packages available in just a few simple clicks.
The National Bank of Ras Al Khaimah, better known as Rakbank, has launched a new digital platform to support small and medium-sized companies (SMEs).
Recognising the importance of creating a flourishing ecosystem and environment for SMEs, Rakbank said SMEsouk will support SMEs by connecting them with complimentary industries for a comprehensive suite of non-banking value added services such as licensing, accounting, insurance and trade requirements.
SMEsouk directs users and customers to offers and financial packages available in just a few simple clicks, while SME customers will also be able to read through all the latest news, insight and information on what’s shaping the world of business as well as access to tips and ideas that SMEs can incorporate to help nurture their business’s growth.
Dhiraj Kunwar, managing director of business banking at Rakbank, said: “Rakbank has partnered with reputable government and private entities to help create a digital ecosystem that we can constantly update and enhance to help in delivering a comprehensive suite of non-banking value added services that fulfils the needs of the business customers of tomorrow.
"We believe and are proud to say that the SME experience with Rakbank is constantly transforming and growing as we look forward to being a part of SMEs journey as they grow."
Peter England, Rakbank CEO, added: "We are the leading SME bank in the country, and this is because SME needs and requirements are placed at the core of our strategy. At Rakbank, we believe in supporting SMEs and our new digital initiative offers a wide range of services and solutions that helps them reach their full potential.
"We have partnered with a number of service providers in areas such as licensing requirements, accounting solutions, insurance, trade solutions and more to provide a range of value added services to our clients.”
For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.UAEs Maseera Acquires Egyptian Fintech ADVA
The move marks a critical milestone in Maseera’s regional expansion strategy Read more
Oman Mandates IBAN For Domestic Transfers From July 2025
The move follows the Oman Central Bank's implementation of the IBAN system for international transfers from March 31, 2... Read more
Egypt And Jordan Thank The European Parliament For New Financial Aid
The European Union members recently approved loans worth $4.4 billion in three instalments to Egypt and $555 million to... Read more
Standard Chartereds SC Ventures To Replicate Asia, Africa SME Model In GCC
SC Ventures to bring its successful SME building strategy in India, South East Asia and Africa to GCC, and plans to rol... Read more
UAE Central Bank Revokes Licence Of Dynamics Insurance Brokers For Regulatory Breaches
Dynamics Insurance Brokers "failed to comply with the licensing terms and requirements issued by the Central Bank and w... Read more
Eid Al Fitr Holidays In The GCC; Dubais 100 Most Influential People; UAE Petrol Prices To Change; Royal Baby Announced – 10 Things You Missed This Week
Eid holidays, the Dubai 100, UAE petrol prices, Royal Baby named, Palm Jebel Ali investments and more top news stories ... Read more