Thursday , 13 December 2018

Tag Archives: SMEs

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 …

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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 …

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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 …

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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. …

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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 …

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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 …

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‘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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