e& concludes majority stake acqusiition in beehive Image e& Group

Abu Dhabi’s e& enterprise concludes majority stake acquisition in Beehive

The telecom company announced it was acquiring 63.3 per cent of the peer-to-peer lending platform in May

Dubai SME leverages fintech to support start-ups in partnership with Beehive

Mohammed Bin Rashid Fund for SMEs partners with Beehive to support startups

In 2021, the Fund supported SMEs with Dhs65.29m worth of financing, of which Dhs47.67m was disbursed through Beehive to 374 projects

EDB application

Emirates Development Bank to approve loans of up to Dhs5m to SMEs, startups within five days

The lending service will be available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors, which are manufacturing, healthcare, food security, advanced technology and infrastructure

UAE’s Emirates Development Bank allocates Dhs30m to finance SMEs through Beehive platform

The Beehive platform uses crowdfunding technology to connect SMEs seeking finance with investors who can support their finance request

Dubai SME provides Dhs170m worth of incentives, services to entrepreneurs in 2019

Overall, local entrepreneurs received over Dhs630m worth of incentives and support from Dubai SME since its inception in 2002