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IFC, Khalifa Fund launch online yoolkit to support UAE entrepreneurs.

IFC, a member of the World Bank Group, and the Khalifa Fund for Enterprise Development have launched SME Toolkit in the United Arab Emirates (UAE), an online solutions platform designed to help small and medium enterprises (SMEs) grow their business and improve performance.

"The SME Toolkit offers information and expert advice on how to start, run and grow a business," said a media statement. "Available for free in both English and Arabic at, the SME Toolkit is designed to help managers and entrepreneurs implement sound management practices to improve their business. The platform covers a wide range of management areas such as accounting, finance, human resources, legal issues, and marketing. To complement this global content, Khalifa Fund is developing specific modules. The first module by Khalifa Fund--Accounting and Budgeting Basics for the SME--will go live in October."

"The SME Toolkit UAE is not only a resource for the entrepreneur, but it is also a catalyst for entrepreneurship development in the UAE," said said Nizar Cheniour, Director of Enterprise Development and Support at Khalifa Fund. "Khalifa Fund has invested a great deal in content development for the toolkit, in order to fulfill its mandate of spreading an entrepreneurial culture across the UAE. We collaborate with strategic partners in the SME community, from both the public and private sectors alike."

"The SME Toolkit perfectly complements traditional services to small businesses by ensuring they benefit from expert advice in frequently over-looked areas," said Deepak C. Khanna, Head of IFC in UAE. "The SME Toolkit provides the know-how that entrepreneurs need to break new ground, and create much needed jobs."

First launched in 2002, the SME Toolkit is now available in more than 40 countries and 18 different languages. Its various websites worldwide receive 5 million unique visitors annually. According to a recent survey, 86 per cent of repeat visitors to the online SME Toolkit have made or plan to make changes to their business. Of those who made changes, 96 percent reported improved business performance.

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Publication:CPI Financial
Geographic Code:7UNIT
Date:Oct 9, 2013
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