Wyly Wade

Tag: Small and medium enterprises

Mindset, A MenaApps company, is hosting a workshop at the SME Congress

Wyly SME Banking WTW Wade

Rana Samara and her team, one of the great companies at MenaAppps, will be participating at the SME Congress. If you are in Abu Dhabi make sure you stop by their booth and see some of the great work they are doing! Small and medium enterprises (SMEs) are a vital part of the UAE economy,…

Small business lending key to 6.5m new jobs in region each year

Considered the lifeblood of most economies, SMEs account for nearly 90 per cent of companies in the UAE and provide about 85 per cent of private-sector employment. The growing youth population means 270 million jobs are needed in the Mena region by 2050, estimates the IFC. To meet the target, 6.5 million jobs need to be created every…

UK Gov 50% of new tech spending must be SME suppliers

The UK government has a stated goal of 25% of all IT spending currently but has not been able to meet that goal as it only has achieved 10.5% and now they have decided to double down and attempt to get 50% to SMEs. This is a very ambitious goal. They have removed the pre-qualification step of…

SME lending data throws up more questions than answers

Britain’s Banks are convinced the key to repairing their relationships with customers is transparent data on their activities. This is a welcome but unusual approach especially in the banking sector which globally has profited from opaque management and limiting access. The British Bankers’ Association (BBA) hopes the data will convince people that its members genuinely…

The latest SME trend: Adopting a global mindset?

A study released by the Oxford Economics research program, sponsored by SAP, says that small and midsize enterprises (SMEs) are making radical changes to their business models in order to cater for global demand. The survey of 2,100 SME executives in 21 countries says SMEs are also competing with larger firms by investing in technology…

Germany and Spain sign corporate credit deal

Good news for small business in EU: Germany and Spain signed an agreement on Thursday to boost access to affordable credit for small and medium enterprises. “We want to ease financing for companies with solid business models and good growth prospects,”. This should be good for SMEs although knowing the Spanish system the process for getting access…

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