Dubai Chamber seminar discusses SMEs financial challenges.Summary: A seminar raising awareness Raising awareness is a common phrase advocacy groups use to justify a particular event, brochure or even the entire organization. Raising awareness refers to alerting the general public that a certain issue exists and should be approached the way the group desires. about the financial challenges and opportunities faced by Small and Medium-sized Enterprise (SMEs) in these financially uncertain times was organized by the Trade and Business Development Department of Dubai Chamber of Commerce & Industry at its premises yesterday (Monday). Dubai Chamber seminar discusses SMEs financial challenges Major Dubai banks Dubai Bank is a banking company, launched in September 2002, and part of the Dubai Holdings group. On January 1, 2007, the Bank became a Shari’a compliant financial institution with a focus on the UAE’s Islamic banking sector. External links
A seminar raising awareness about the financial challenges and opportunities faced by Small and Medium-sized Enterprise (SMEs) in these financially uncertain times was organized by the Trade and Business Development Department of Dubai Chamber of Commerce & Industry at its premises yesterday (Monday). The seminar was inaugurated by HE Eng Hamad Buamim, Director General, Dubai Chamber, and was attended by Dr Belaid Rettab, Executive Director, Economic Research and Sustainable Business A business is sustainable if it has adapted its practices for the use of renewable resources and holds itself accountable for the environmental and human rights impacts of its activities. Development, and businessmen from SMEs belonging to the finance sector and representatives of Noor Islamic Bank, Standard Chartered, Bank of Baroda Bank of Baroda (BSE: 532134) is a bank in India established on July 20, 1908 by Maharaja of Baroda Sir Sayajirao Gaekwad III, in the princely state of Baroda, in Gujarat. The bank, along with 13 other major commercial banks of India, was nationalisd on 19th July, 1969, by the and Union National Bank. Said Buamim, "As part of our mission to represent, support and protect the interests of the business community, in this case for members belonging to the SMEs in the financial sector and their support groups, the seminar on financing brings together representatives from the entire industry who will work towards a joint action plan to face the challenges of the global financial crisis and its impact on the SMEs." During the seminar, the representatives of banks shared information on the availability of SMEs products and services, the right method of applying for funds and their willingness to assist the applicants in obtaining funds for their projects. They also shared their experiences and case histories of financing SMEs projects. The seminar, while highlighting the current financial climate, concluded that access to bank financing for SMEs was still limited. As revealed by a recent Dubai Chamber research, UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. banks generally rejecting applications were based on the banks' perception of SMEs lending risk, inadequate documentation, short operational track records, as well as by the absence of verifiable credit histories. The differing perspectives of risk were identified by both SMEs and financial institutions as key hurdles to mutual trust as the speakers' discussion focused on communication gaps between SMEs and financial institutions as well as clarifications about the terms of the SMEs products. It was proposed that the Chamber addressed these issues through training on preparation of financial reports tailored to SMEs needs of seeking funds from foreign sources. Said Dr. Belaid Rettab, "This seminar, designed by the newly-established Trade & Business Development Department, came as part of the overall Dubai Chamber strategy of promoting growth, sustainability and transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. in the business community. The department offers regular informational seminars, business decision-making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from and credit rating tools, as well as demand-driven advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Chamber's mission." 2009 Al Bawaba (www.albawaba.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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