Tag: SMEs
UAE SMEs received $114.3mn trade credit support in 2020
From 2020 January to November Etihad Credit Insurance (ECI), the UAE Federal export credit company has extended $114.3million worth of trade credit support to...
Qatar doesn’t favor workers from any specific nation; Senior Labor Official
Refuting the unwarranted rumors currently circulating in various quarters, Mohamed Hassan Al Obaidly, the Assistant Undersecretary for Labor Affairs at Qatar's Ministry of Administrative...
Oman bets on SMEs, tourism for economic recovery
According to reports, Oman is banking on its non-oil sectors, including small-to-medium enterprises and tourism, to strengthen the local economy.
For next year, the Oman...
Khalifa Fund’s SME Rating metrics offers holistic performance review for firms
The region's renowned entrepreneurial development organization Khalifa Fund for Enterprise Development (Khalifa Fund) has unveiled a new comprehensive metrics to evaluate the performance of...
Blockchain-based trade settlement platform introduced by Ant Group
Ant Group, the owner of China’s iconic Alipay mobile payment app, unveiled a blockchain-powered cross-border trade settlement platform to improve its catalog of technology...
UAE allows movable assets as collaterals for bank loans
UAE companies’ especially small and medium-sized businesses can now secure bank loans by collateralizing the movable assets to meet the financial crisis due to...
eCommerce and IIoT can reduce COVID impact: Experts
Experts say that through an essential integration of Industrial Internet of Things (IIoT) applications and e-commerce channels, the damage inflicted by the COVID-19 pandemic...
300% jump in SME failures expected this year: IMF
The International Monetary Fund (IMF) has warned that there could be a 300 percent increase in the number of small- and medium-sized businesses that...
