Tag Archives: SMEs

‘Start Egypt’ discovers entrepreneurs across the country

UK-funded Start Egypt programme has just completed a discovery mission for the country’s future entrepreneurs Supporting innovation and entrepreneurship across Egypt is vital to boost economic development and improve lives Partnering with Techne Drifts and Entreprenelle, Start Egypt has toured nine Egyptian cities as part of its road shows and its female founders’ workshops. Start Egypt experts from Flat6Labs headed …

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Focus on SMEs: Dubai to launch first local online marketplace

DubaiStore will also host the licensed home businesses acting as a reference platform. By Staff Writer, TradeArabia Digital Economy Solutions (DES), a joint venture between emaratech and the Department of Economic Development of Dubai (DED), will launch DubaiStore, the first local online marketplace to focus on SMEs and home-based businesses (e-traders). DubaiStore, quintessentially an online marketplace for all licensed businesses …

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Small change: Dubai, Saudi in push to help support SMEs

Small and medium-sized enterprises are the backbone of all economies in the Middle East. According to a report by Dubai SME, these businesses are described as the “anchors of any economy” and represent 95 percent of companies in the emirate of Dubai, account for 42 percent of the workforce and contribute around 40 percent to the total value of the …

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AfDB, Islamic Development Bank sign new $2b deal to fund energy, SMEs, human development programs

The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level. Both parties have agreed to jointly pull together the sum of US $2 billion over the next three years to finance projects in agriculture and food security, renewable energy, small and medium enterprises, and human development (health and …

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RAKBANK Offers a Suite of Innovative Products to SMEs in the UAE

With an aim of addressing the financial needs of SMEs in the UAE, RAKBANK extends its lending to small and medium-sized enterprises (SME) through the launch of a suite of new Business Banking products. The ‘Point of Sale’ loan (POS), machinery loan, real-estate financing, and lastly a buy-out loan that will assist SME customers in managing their day-to-day liquidity as …

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RTA identifies 72 SMEs to boost the ‘Educated Entity’ concept

Roads and Transport Authority – Majdi Abu Zaid: The recently launched ‘Ask an Expert’ initiative of the Roads and Transport Authority (RTA) has generated an outstanding positive impact in developing Subject Matter Experts whose number has reached 72 including 18 Emirati staffs. The initiative is part of RTA’s efforts to offer its staff access to information about the specialty in …

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Local SMEs Hold Little Appeal for 94% of Young Women Jobseekers in the GCC

The expectations and reality faced by young women job seekers in the Middle East and North Africa are addressed in new white paper by Bayt.com , YouGov and Education For Employment (EFE) Despite the decades of regional advancements that have led to the improvement of gender equality in education, according to the OECD less than one in three women in …

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Entrepreneur Middle East- Media Partner for Sharakah Forum

An agreement was signed today between Entrepreneur Middle East magazine and the Fund for Development of Youth Projects ( Sharakah ) to support Sharakah Forum. Sharakah Forum is set to be a regional annual event organized and managed by Sharakah to discuss specific topics related to the SME sector. The forum will focus this year on the Role of Media …

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ICC Banking Commission Global Survey highlights impact of trade finance gap on SMEs

The International Chamber of Commerce (ICC) has released the results from its 2015 Global Survey on trade finance – highlighting the impact of the trade finance gap on SMEs, the impact of regulation on correspondent banking, as well as positive trade finance trends, particularly with regards to export finance Dubai, UAE: Small and medium-sized enterprises (SMEs) are among the hardest-hit …

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Qatar Development Bank launches International Tender Services for SMEs in Qatar

Doha – Qatar Development Bank announced today the launch ofthe International Tender Services, which aims at enhancing the exports sector in Qatar and opening new markets for Qatari SMEs globally. The new service has been launched in cooperation with French company”InfoTrade 2000,” which is considered a global leader in this field. The service aims at providing SMEs in Qatar with …

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