September 19. 2024: Ras Al Khaimah Economic Zone (RAKEZ) and The Dollar Business FZ-LLC (TDB) have formalised their partnership by signing a Memorandum of Understanding (MoU), initiating a new era of technological inclusivity in international trade for global businesses. This collaboration will allow RAKEZ-registered companies to access TDB’s innovative business solutions, which combine human expertise with advanced technology.
The MoU was signed by RAKEZ Chief Strategy Officer Puneet Jain and TDB Founder Avnish Goyal, marking a significant milestone in RAKEZ’s mission to empower its business community through innovation-driven data analytics. By utilising TDB’s superior data capabilities and mining expertise, the partnership aims to foster growth for individual businesses within RAKEZ while contributing to the overall development of the UAE’s economy.
Through this alliance, members of the RAKEZ business community will gain access to TDB's impressive offerings, including a network of over 25 million active company profiles across 181 countries, spanning various product categories. These tools facilitate seamless trade interactions between buyers and sellers across all sectors. Furthermore, businesses can utilise advanced tools that help predict market trends, identify emerging opportunities, and analyse trading patterns with remarkable accuracy.
TDB, a leader in foreign trade intelligence, leverages Big Data and Trade Intelligence to go beyond traditional analytics, providing businesses with accessible and actionable insights that transform raw data into strategic decisions. TDB believes that now is the perfect time for global enterprises to embrace the revolutionary advancements its web-based trade technology offers.
In an official publication by RAKEZ, Group CEO of RAKEZ Ramy Jallad remarked, “RAKEZ has always been dedicated to supporting SMEs, startups, and enterprises with efficient business setup solutions. Through this partnership, The Dollar Business offers a platform that delivers immense value to our members by providing the tools they need to navigate the complexities of global trade. We are confident that this collaboration will be transformative, providing businesses with the necessary tools to navigate the global market. We are excited to embark on this journey together.”
Avnish Goyal, TDB Founder added; Together, TDB and RAKEZ are committed to infusing innovation into the decision-making processes of companies, transforming both opportunity and growth into a tangible, everyday reality for all multinationals. “We understand the ambitions of businesses and the trust they place in partnering with a prestigious authority like RAKEZ. Our goal is to harness technology to turn their aspirations into reality more easily, confidently, and swiftly. RAKEZ acts as a catalyst for these global multinationals, and we are eager to contribute our part. Someone once wanted to have a computer on every desk – we now want to have intelligent analytics driving business decisions on each of those computers. This MoU stands as a testament to that mission – the very purpose that drives us.”
The partnership between RAKEZ and TDB enhances technological inclusivity in international trade. By integrating TDB’s solutions within RAKEZ’s ecosystem, businesses gain valuable tools and insights to navigate global trade, seize opportunities, and drive growth.
