Arab Today, arab today dubai at start of new boom
Last Updated : GMT 05:13:31
Arab Today, arab today
Arab Today, arab today

Dubai at start of new boom

Arab Today, arab today

Arab Today, arab today Dubai at start of new boom

Dubai - Arabstoday

Dubai is at the start of a new cycle of boom, powered largely by a dynamic private sector, according to Farid Karmostaji, director of Entrepreneur Development Division of Sheikh Mohammed Bin Rashid Establishment for SME Development (Dubai SME). Speaking at the inauguration of Franchise UAE 2012, Karmostaji said that an increasing number of companies were looking at Dubai as a base, and a good number of franchisors were keen to set up outlets in the emirate. \"We can feel the new frenzy in the number of new shops opening and malls expanding,\" said Karmostaji in comments published by state news agency WAM. \"There is certainly room for more franchisees. Earlier, the concept of franchising was not very clear to some entrepreneurs, but today many local companies are keen to take the franchising route.\" He also said that the Sheikh Mohammed Bin Rashid Establishment for SME Development was ready to play a larger role in the development of small businesses by opening the doors to non-Emiratis. He told WAM that budding entrepreneurs would be able to take advantage of Dubai SME\'s entrepreneurship and business startup courses. Gaurav Marya, managing director of Franchise Middle East, said the participation of 75 exhibitors from all over the world was a proof that Dubai \"serves as a gateway and a business destination of choice\". The earlier era of a handful of mega companies monopolising the franchise industry is being replaced by small and medium players launching franchisees, he added. The Middle East is estimated to have over 400,000 high net worth individuals, each with liquid assets of more than $5m, making it an ideal region for growth of franchising and SMEs, he said. In February, the director-general of Dubai’s Chamber of Commerce said banks should dedicate five times more funding to SMEs. Lenders should reserve around 20 percent of their funds for small companies, if the SME market is to receive the boost that it needs, Hamad Buamim said. “At the moment around four percent of banks’ total funding goes to SMEs. We want that to be 15 to 20 percent ideally. This is normally the case in other economies. We believe this is better for the banks as it will reduce their exposure to the big players.” He added that there was often a misperception about the risks of lending to small businesses, which was having a negative impact on bankers’ policies.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai at start of new boom Arab Today, arab today dubai at start of new boom

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 12:52 2017 Sunday ,19 February

Experts point to efficiency in 2018

GMT 12:46 2017 Sunday ,19 February

Omani Rials still changeable in Saudi Arabia

GMT 04:53 2017 Sunday ,19 February

Warranty issues top consumer complaints in Dubai

GMT 03:38 2017 Sunday ,19 February

Gulf states focusing on attack weapons purchases

GMT 03:03 2017 Sunday ,19 February

No salary cuts in Oman’s 2017 Budget
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday