RAKBANK has launched the "She Means Business" initiative, offering women entrepreneurs in the UAE a 12-month waiver on monthly maintenance fees and additional business support. This initiative aims to lower the operational barriers for female-led startups and growing enterprises across various sectors.

For procurement professionals, this trend supports supplier diversity programs. As more women-led industrial startups emerge with lower overhead costs, procurement teams have the opportunity to diversify their vendor base for specialized parts, industrial services, and equipment maintenance. The reduction in banking fees for these suppliers can lead to more competitive pricing in the long term for industrial buyers looking to support local SMEs.

UAE women entrepreneurs can now get 12-month fee waiver with new bank offers