Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) continues to empower its dynamic community of entrepreneurs and SMEs through targeted learning initiatives that tackle real-world business challenges. In its latest knowledge-sharing session, 'Mastering financial management: Smart money strategies for SMEs,' held at Compass Coworking Centre, business owners and financial decision-makers came together to exchange practical insights on strengthening their financial foundations.
According to Emirates News Agency, the session explored critical financial topics that are often overlooked by growing enterprises-from building realistic budgets and decoding essential metrics to enhancing cash flow resilience and reducing costs without compromising performance. The audience engaged in expert-led discussions that broke down complex financial concepts into actionable strategies.
Attendees walked away with tangible tools to optimise spending, adapt budgets to market shifts, and ground forecasts in data rather than guesswork. The session also underscored the importance of mentorship and agile financial planning in driving long-term sustainability.
Led by Dr. Alida Helena Scholtz, Chief Financial Officer at RAKEZ, and Reem Abushama, a seasoned tax consultant, the event highlighted RAKEZ's ongoing commitment to supporting its business community beyond set-up, offering continuous opportunities for learning and growth.
Ramy Jallad, RAKEZ Group CEO, emphasized the strategic advantage of financial literacy for SMEs, noting that they contribute significantly to the UAE's non-oil economy. He pointed out that SMEs constitute the majority of RAKEZ's community, with forecasts predicting 1 million SMEs in the UAE by 2030. Jallad reaffirmed RAKEZ's commitment to fostering growth through expert-led seminars, hands-on workshops, and networking events, aligning with the UAE's vision for long-term economic sustainability.