#SMEs

DIFC’s new Studio Launchpad to support SMEs, financial ecosystem

Part of its Strategy 2030, DIFC’s Studio Launchpad is designed to attract and engage a consortium of leading startup and corporate venture studios

Saudi startup Lawazem closes $1.3m seed round

The seed round was led by Merak Capital with participation from Merced, a Saudi VC company

National Bank of Fujairah launches new account for SMEs, startups

The solution aims to extend the benefits of digital banking solutions to entrepreneurs

UAE Space Agency to establish economic zone at Masdar City

Businesses will be offered benefits including incubation, office space, mentorship, networking and investment opportunities, among others

Abu Dhabi

Khalifa Fund partners with eBay to support Abu Dhabi-based SMEs

eBay is the latest partner to join Khalifa Fund’s e-Empower initiative

Brazil UAE

The role of SMEs in boosting the trade relationship between Brazil and the UAE

Small businesses account for 99 per cent of all enterprises in Brazil and 95 per cent of private sector companies in the UAE

Abu-Dhabi

New Dhs5bn Abu Dhabi IPO fund launched to support SMEs

The fund will invest in five to 10 private companies per year

Why UAE entrepreneurs must listen to this podcast

Entrepreneur, author and philanthropist Shailesh Dash has launched The Entrepreneurial Dash, a podcast that offers guidance and motivation to budding entrepreneurs

In pics: Dubai’s Global Village announces date for 2021 season

Season 26 will commence on October 26 this year

Dubai cloud kitchen Kitopi becomes a unicorn after new $415m funding led by SoftBank

The deal marks one of the largest funding rounds for a Middle East technology company

Almost 9 out of 10 UAE-based SMEs are optimistic about the next 12 months – study

SMEs across the country have identified easier access to funding, acceptance of digital payments and training and upskilling staff as the top three drivers for growth

How financial inclusion is a pathway to reviving tourism

Financial inclusion can contribute to tourism development in many ways

Alliance of global firms to support SMEs in Middle East and Africa digitise their ops

Small businesses in MEA to benefit from free resources and special offers

Melda Akin, founder and CEO of D14.AI

The SME Story: Melda Akin, founder and CEO of D14.AI 

D14.AI is a Dubai-based tech company providing an AI-driven software platform for healthcare clinics, gyms and logistics companies to optimise their workforce and manage their business operations

Brand trademark

Five reasons why every company must have their trademark registered in the UAE 

A registered trademark effectively safeguards the brand from counterfeit and helps business owners gain the trust of consumers

The SME loan journey: How can it be made easier?

Banks and financial institutions must opt for online credit process with automated elements – offered by companies such as Comarch – to ensure they meet the current market needs

Kuwaiti MPs urge the government to relax Covid-19 restrictions or compensate businesses

Health clubs, salons and barbershops have been closed for a month, while malls and shops need to stay shut from 8pm until 5am

Lenka Basweidan Founder of Arabee Learning

The SME Story: Lenka Basweidan, founder of Arabee Learning

Arabee takes the children on a continuous journey, using language patterns and vocabulary repetition the same way they learn their mother tongue.

Abu Dhabi

Abu Dhabi announces Dhs6bn boost for SMEs

The programme is funded by Ghadan 21’s SME credit guarantee scheme

SME Breakfast web

GB Talks: Understanding SME financing in the UAE

Featuring an expert panel discussion on alternative means of financing as well as motivational talks, the event offered plenty of insights for SMEs

UAE SMEs receive Dhs420m trade credit support during Jan-Nov 2020

Etihad Credit Insurance insured the exports of the SMEs as well as their operations in the domestic market allowing them to stay competitive

UAE’s non-oil GDP to grow 3.6% by end 2021

The UAE has rolled out economic support packages worth more than Dh388bn to mitigate the impact of the pandemic

Exclusive: Dubai Chamber’s CEO on the emirate’s recovery from the pandemic and increasing focus on startups

Companies are reinventing their business models and fast-tracking digital strategies as they prepare for a post-pandemic recovery, opines Hamad Buamim

Bahrain

Bahrain boosts access to funding for SMEs, startups

Changes in law allows small enterprises to fundraise via convertible notes and employee shares schemes

How diversification can ensure sustainable growth in the GCC

Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies

Peter Maerevoet

Why SMEs should consider export factoring when seeking funding

Export factoring provides a full suite of trade finance benefits including cash advances, credit protection, and collections and reconciliation services

Nasdaq Dubai Growth Market

Dubai launches new stock market for SMEs

The Nasdaq Dubai Growth Market will be operational by early 2021

GCC’s e-commerce sector set to reach $50bn by 2025

Businesses in the retail sector must make the online transition to firmly position themselves in the post-Covid retail revival

Different Arab money

Why SMEs should consider trade financing over legacy banks in this region

Many SMEs do not have access to bank borrowings, purely because banks are generally reluctant to provide funding to companies that have smaller balance sheets

SMEs lead post-Covid recovery in Bahrain

Individual commercial registrations in Bahrain are up by 109 per cent in June