Sunday , 21 July 2019
Breaking News

Tag Archives: SMEs

Dubai Internet City Leads the Way for Growth of Indian Tech SMEs

Dubai Internet City (DIC), the leading technology business community in the region, inaugurated a specialised platform dedicated to the National Association of Software and Services Companies (NASSCOM), in the presence of Navdeep Singh Suri, Ambassador of India in the UAE, Debjani Ghosh, President of NASSCOM, Malek Al Malek, Group CEO of TECOM Group, Abdulla Belhoul, CEO of TECOM Group and …

Read More »

Release of the IMF Departmental Paper on Scaling up Access to Finance for Small and Medium Enterprise in the Middle East and North Africa

Discussions will focus on how small and medium-sized enterprise financial inclusion is at the core of the economic diversification, growth, and job creation challenges many countries are facing The International Monetary Fund (IMF) will launch its departmental paper entitled Scaling up Access to Finance for SMEs in MENA in a seminar which will take placeat the American University in Cairo, …

Read More »

INTERVIEW: RAKBANK CEO still sees value in serving SMEs

Peter England says bank now works more closely with small and medium-sized firms, rather than “just throwing money at them” When RAKBANK published its preliminary financial results last week, its 13 percent increase in annual profit was attributed to the lender trimming provisions for loan impairments. That reduction – of 131.8 million United Arab Emirates dirhams ($35.9 million) – helped …

Read More »

Arab policymakers more supportive of SMEs to aid jobs growth, says founder of new SME ratings agency

Nashwa Saleh says new Cairo-based business will initially target medium-sized businesses across the EMEA region Rising unemployment rates in Arab countries have made policymakers more interested in supporting Small and Medium-Sized Enterprises (SMEs) over the past few years, the head of a new SME ratings agency has said. Nashwa Saleh, an Egyptian entrepreneur and a former director at ratings agency …

Read More »

Holding the key: SMEs play major role in economic growth but struggle to gain bank funding

Small and medium-sized enterprises (SMEs) need better access to finance instead of being forced to pay high interest rates and stringent conditions to gain bank loans, a new report states. However, the report published last week by Allied Investment Partners (AIP) adds that governments in the Gulf Cooperation Council (GCC) are addressing the issues faced by SMEs with a number …

Read More »

Blockchain-based tech to enrol bank customers extended to SMEs in Abu Dhabi

ADGM chief tells Fintech Abu Dhabi that e-KYC, private financing and trade finance platforms should ease access to funding The chairman of Abu Dhabi Global Markets (ADGM) has said that it intends to extend the electronic know-your-customer (e-KYC) technology developed to help banks onboard retail customers earlier this year to incorporate SME customers. Speaking at the Fintech Abu Dhabi event …

Read More »

Thomson Reuters and SOURCEitHR sign partnership agreement to support SMEs in Jordan

Accelerate SME was launched by Thomson Reuters in partnership with Bank Al Etihad Accelerate SME, a comprehensive digital platform and resource center for small businesses in Jordan by Thomson Reuters and supported by Bank Al Etihad as a strategic partner, recently signed an agreement with SOURCEitHR, a subsidiary of MenaITech which provides human resource management outsourcing solutions locally and regionally. …

Read More »

SMEs contribute over half of Dubai’s new jobs – study

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Dubai’s small and medium enterprise (SME) sector contribute 52.4 percent of jobs created in the emirate and 47 percent of its economic output, according to a joint study between Dubai SME and Dubai Statistics Centre. Initiated during the …

Read More »

SMEs contribute 40% to Dubai’s GDP

New govt policies are set to transform business ecosystem by making it easy to do business, and support new sectors Small and medium enterprises (SMEs) are estimated to contribute 40 per cent to Dubai’s gross domestic product (GDP) and employ 42 per cent of the total workforce, said a top official. The significance of such enterprises must not be overlooked …

Read More »

‘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 …

Read More »