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Tag Archives: SMEs

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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Beehive channels over AED 12 million ($3m) finance to more than 25 SMEs in the UAE

UAE’s first peer-to-peer finance platform marks industry milestone in only 8 months Businesses saved up to 30% on their cost of finance on average Beehive empowers SMEs to expand, recruit more staff and refinance existing debt Beehive, the UAE’s leading online marketplace for peer-to-peer finance, announced it has facilitated over AED 12 million ($3m) in finance for more than 25 …

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Global youth forum bridges gap between students and CSR practicioners

The 4th edition of the Global Youth Forum kicked-off this morning at Zaabeel Ladies Club in Dubai, following the theme “Social Entrepreneurship and Business Ethics”. Organized by the CSR division of Al-Ahli Holding Group and Sony Mobile, in partnership with DUBAI SME and Zabeel Ladies Club, and sponsored by Emirates Islamic Bank and DP World, the event promoted social entrepreneurship …

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“IGNITE”, a first-of-its-kind event in Lebanon Offers SMEs a Chance to Pitch, Discuss and Learn from Elite Industry Leaders In Their Fields

An Initiative by Endeavor Lebanon And Beirut Digital District to Ignite Commercial Relationships between SMEs and Companies As part of Global Entrepreneurship Week, dozens of SMEs and industry leaders gathered on Wednesday 19 November at Beirut Digital District (BDD) for IGNITE, a first-of-its-kind event where entrepreneurs pitched their products and discussed commercial deals with C-suite representatives from large corporations. Organized …

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