Saudi Arabia Sees Greater Role for SMEs in National Economy

Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)
Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)
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Saudi Arabia Sees Greater Role for SMEs in National Economy

Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)
Saudi Arabia is working on raising the contribution of SMEs to the national economy. (Reuters)

Saudi Arabia is working on raising the contribution of small and medium enterprises to the national economy.

It is also working on improving the present SMEs programs and entrepreneurs in order to develop these enterprises.

SMEs are now presented with a real opportunity to develop their work and increase their contribution to the Kingdom’s economy.

This comes at a time when the Small and Medium Enterprises General Authority (Monsha’at) is working on several of sophisticated programs that will push forward the role of SMEs.

To this end, Monsha’at launched a campaign to introduce the programs and services it is providing to SMEs and entrepreneurs.

Monsha'at chief Saleh Al-Rasheed said that the campaign aims to clarify the role of enterprises in developing and sponsoring the SMEs sector through implementing and supporting programs and projects.

It is also reinforcing intellectual and cultural roles aimed at developing free work, entrepreneurship, innovation and the diversification of sources of financial support.

Rasheed stressed Monsha'at’s vision to make the SMEs an essential driver of economic development in the Kingdom and a major player in the achievement of Saudi Vision 2030.



Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
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Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)

Türkiye is facing genuine disinflation prospects, its deputy central bank governor said on Wednesday, adding that it was replenishing reserves following the hit to them in the wake of recent political turmoil.

"For the first time, I believe we are facing genuine disinflation prospects in the true sense of the world," Central Bank Deputy Governor Osman Cevdet Akcay said during a panel discussion at the European Bank for Reconstruction and Development annual meeting in London.

"So, we might see a break in inflation numbers suddenly to be sustained."

He added the central bank was rebuilding the country's reserves "slowly but surely."