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Story summary
- Sharjah Media City (Shams) and the National Bank of Ras Al Khaimah (RAKBANK) signed a Memorandum of Understanding (MOU) on October 23, 2025 to boost financial access for UAE start-ups and SMEs.
- The partnership provides quick account openings, competitive interest rates, and loans up to AED 5 million.
- Rashid Sahoo from Shams emphasized simplifying the entrepreneurial journey.
- Emad Ahmed from RAKBANK highlighted speed and flexibility in business banking.
