#SME

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

Commercial Bank of Dubai Network International

Commercial Bank of Dubai partners with Network International for pre-approved business loans

CBD will offer business loans to Network’s retail and ecommerce clients against their Point of Sale machines or payment gateway proceeds

Emirates Development Bank, Commercial Bank of Dubai

Emirates Development Bank, Commercial Bank of Dubai sign MoU for SME lending programme

CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum

Sheikh Hamdan unveils new crowdfunding platform in Dubai for youth entrepreneurs

Dubai SME will provide a package of incentives for those who obtain financing via the new platform called Dubai Next

Claudio Esposito-Aiardo Carasti

The SME Story: Claudio Esposito-Aiardo, co-founder and CEO of Carasti

Dubai-headquartered car subscription startup, Carasti, recently secured $3m in funding

Faris Mesmar Co-founder and managing partner, hatch & boost

The SME Story: Faris Mesmar, co-founder and managing partner of hatch & boost

Hatch & Boost is an Abu Dhabi-based venture builder dedicated to hatching startup ideas and boosting them into scalable ventures in the Middle East

Nour Sleiman, co-founder and CMO of Cartlow

The SME Story: Nour Sleiman, co-founder and CMO of Cartlow

Cartlow is a re-commerce initiative that offers like-new pre-owned, refurbished, open-box and clearance products, tested and certified by experts

Dubai Chamber TikTok

Dubai Chamber partners with TikTok to launch training programmes for SMEs and startups

The Dubai Chamber – TikTok Academy will offer a four-week educational programme to help businesses develop social media marketing strategies

Dubai SME Ztartup

Dubai SME launches digital health business incubator Ztartup

The incubator provides two specialised programmes – one for business incubation and the other for business accelerators

Kim Thompson, co-owner and managing director, RAW Coffee Company

The SME Story: Kim Thompson, co-owner and managing director of RAW Coffee Company

Raw Coffee Company imports specialty-grade green beans, roasts and supplies them to cafés, restaurants, offices and home connoisseurs

Ajman Department of Economic Development

Ajman DED signs agreement with noon.com to support SMEs

Entrepreneurs from the emirate can market and promote their products through the Noon Mahali digital platform to increase their reach and visibility

Finance House

For UAE SMEs: These business solutions simplify services and boost earnings

UAE-based Finance House’s ‘Rabeh Business’ suite of products aim to support small businesses via a wide range of offerings

Amina Grimen and Ayat Toufeeq, co-founders at Poweder.ae

The SME Story: Amina Grimen and Ayat Toufeeq, co-founders of Powder.ae

Powder.ae is a direct-to-consumer, content-led e-commerce business focused on retailing clean beauty and skincare in the Middle East

Women’s Voice: Discussing the Covid-19 impact on gender equality

Covid-19 has disproportionately impacted jobs held by women workers

The Arabian Luxury Group

The Arabian Luxury Group joins list of certified business incubators in Dubai

The incubator aims to invest in Emirati projects in the fields of fashion, jewellery, perfumes and other luxury goods made by Emiratis and citizens of other Arab countries

Anghami

MENA music streaming platform Anghami merges with Vistas Media, to list on Nasdaq New York

The agreement will result in Anghami becoming the first Arab technology company to list on Nasdaq New York

Ben Kinerman-Daltrey KinFitz & Co

The SME Story: Ben Kinerman-Daltrey, co-founder of KinFitz & Co

KinFitz & Co is a sales recruitment, training and coaching business, working specifically with startups and SMEs

Sharjah’s Sheraa sets up new startup studio to support entrepreneurs

The studio, which will work on a revenue sharing model, will support founders in the early stages of setting up their businesses

Udrive Hasib Khan

The SME Story: Hasib Khan, founder and CEO of Udrive

Unlike traditional rental services, with Udrive no humans are involved in the rental process which is managed via the app and you pay for only what you use

Revealed: 8 factors key for company liquidation in the UAE

The process of liquidating a company can seem daunting, but partnering with an expert can help entrepreneurs ease the transition

The SME Story: Daniel Domingues and Tariq Said, co-founders, Sirius Energy

Sirius Energy is batting for the implementation of sustainable clean energy initiatives in the UAE

FedEx Express launches new route between UAE and Israel to strengthen ties

The route will support customers, particularly small-to-medium enterprises

Dubai

Dubai launches new business incubator to support British SMEs

The incubator has been launched in cooperation with the British Centres for Business in Dubai

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

Osama Al Fares UOWD

Is now a good time to be an entrepreneur in the UAE?

Innovation and entrepreneurship play a key role in responding to the significant challenges posed by the Covid-19 crisis, says UOWD associate professor

Dubai World Trade Centre

Dubai World Trade Centre announces new measures to support businesses

A full refund will be offered to exhibitors on cancelled events and where a new schedule is not feasible for the participants

UAE’s Virtuzone launches free online marketplace for SMEs

The platform will allow businesses to offer time sensitive deals to customers

DP World manasah

DP World launches online marketplace to support artisans and small businesses during Ramadan

Sellers can register on manasah.com for free

Saudi reveals new measures to support the private sector due to Covid-19 impact

The kingdom has allocated an amount of SAR50bn to expedite the payment of dues to the private sector

Abu dhabi uae capital flag

UAE ministry cuts work permit fees by up to 94%

The move is aimed at supporting business owners and investors in the country