The Ajman Chamber of Commerce and Industry (ACCI) signed a memorandum of cooperation (MoC) with the Ajman Bank to reinforce the cooperation between the two parties in order to serve the business community in the emirate and to support SMEs and innovative projects. In addition, it aims to support start-ups of citizens to develop their business. The Ajman Chamber seeks through signing a memorandum of cooperation to launch the "Ajman Chamber Business Support Programme" to provide appropriate financing for citizen entrepreneurs after studying each project separately by a specialized team from the Chamber and Ajman Bank. The programme will also provide training and technical counseling to ensure business growth with a provision of a comprehensive feasibility study for each project. The MoC was signed at the headquarters of the Ajman Chamber by Abdullah Al Muwaiji, Chairman of the Ajman Chamber, and Mohammed Amiri, CEO of the Ajman Bank. The agreement stipulated the development of local investments by supporting Emirati entrepreneurs with the aim of diversifying and developing the local economy by providing financial support to SMEs. It also aims to strengthen the cooperation in studying projects and providing the necessary capabilities to promote and support start-ups, in addition to encouraging Emirati youth to engage in self-employment through providing meaningful opportunities that ensure their success. The two parties agreed on the importance of having a joint work team from the Ajman Chamber and Ajman Bank to hold meetings, follow up the progress of work and set general frameworks to enhance the benefit of the existing projects and to attract citizens who wish to open new projects.