Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- SME ventures pick up, good turnout at QNB meet  Join our daily free Newsletter

MENAFN - The Peninsula - 29/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) QNB, in partnership with the Qatar Development Bank (QDB), has helped launch something between 72 to 100 startups during the first half of 2013. The numbers are expected to go up during this year, a top QNB executive told The Peninsula.

Speaking on the sidelines of "QNB Small and Medium Enterprises Open Day" here yesterday, Wisam Matouk, Acting Head of Sales & Relationship Management-SME, said: young entrepreneurs are increasingly looking for ventures in various sectors, including manufacturing, health sector, contracting and food processing . Of late, there has been a huge rise in the number of enquiries, he said.

Wisam said funding is not a problem for the potential entrepreneurs. "We, together with the QDB, offer all sorts of supports to the startups. QNB is one of the main supporters of QDB," he said.

The opening day of QNB's "SMEs Open Day" saw good response from young entrepreneurs. The bank's premium partners attended the event included QDB, Enterprise Qatar (EQ), Bedaya, the Ministry of Information and Communications Technology, Qatar Chamber, the Ministry of Energy and Industry and many other partners such as Qatar Building Company (QBC), Mannai Trading and Qatar Insurance Company (QIC).

The Ministry of Energy and Industry booth explained in detail the critical role being played by the Ministry's Department of Industrial Estates (DIE) in planning, developing and managing the country's first Small and Medium Scale Industrial Area (SMSIA) in Doha.

The Industries allowed in SMSIA include manufacture of food, beverages, textile, weaving apparel and leather industries, manufacture of wooden products and paper products, manufacture of chemicals, rubber and plastics. Basic metal industries, manufacture of non-metallic products, machinery and equipment are among industries operating in the SMSIA.

In support of the SME segment, QNB recently signed a financing deal with Al Naqeeb Plastic Factory and QDB for a new factory that will be located in the industrial area in Doha.

QNB has already in tie-up with QDB to support the latter's Al Dhameen programme, which is based on covering a portion of the risk of the funding in case the guaranteed project has failed in repaying the whole amount or part of it.

The programme encourages banks to finance SMEs that show components of success and

cannot provide the required collaterals or accounting documents that prove their eligibility to receive finance.

 


The Peninsula




  MENA News Headlines
 Sep 27 2016 - Goldplat, Highland Gold, Kodal Minerals, Gemfields, Kefi Minerals, Savannah Resources, SolGoldProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) SP Angel, Mon Goldplat* (LON:GDP) – Results improve as Goldplat recovers from disastrous year Highland Gold (LON:HGM) – Interim results Kodal Minerals* ...

 Sep 27 2016 - Oil price, Victoria Oil & Gas, Lamprell, Velocys, Egdon/EOG/Union Jack. And finally...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Malcolm Graham-Wood, Mon Oil price The 'Opec' meeting scheduled for Wednesday and looked forward to by so many bystanders looks like being a farce but don't ...

 Sep 27 2016 - Aid enters Syria's Madaya, other besieged townsMENAFN
(MEANFN) The International Committee of the Red Cross said that aid has been delivered to four besieged towns in Syria for the first time in almost six months.In detail, seventy-one lorries reached ...

 Sep 27 2016 - Saudi women put hands together to end guardianship systemMENAFN
(MENAFN) A petition signed by more than 14,000 Saudi women calling for an end to the country's male guardianship system is being handed to the government.Women must have the consent of a male ...

 Sep 27 2016 - Obama worried about situation in AleppoMENAFN
(MENAFN) Amid an assault by Syrian government forces, US President Barack Obama has expressed "deep concern" about the situation in rebel-held parts of Aleppo.Medics in the city are struggling to ...

 Sep 27 2016 - Second round of rebel evacuations from central Homs startsMENAFN
(MENAFN) A Syrian official says a second round of rebel evacuations from the central city of Homs is under way.Homs governor says 120 men and their families are expected to depart Al Waer ...

 Sep 27 2016 - UAE- WATCH: Dh14m yacht catches fire in RAK, sinksKhaleej Times
(MENAFN - Khaleej Times) A luxury yacht went up in flames at Al Hamra Marina in the emirate of Ras Al Khaimah. The Dh14million vessel sank into the sea after it was completely destroyed, according ...

 Sep 27 2016 - UAE- Games Maker to changemaker: Ahamed Sulaiman's Olympic journeyKhaleej Times
(MENAFN - Khaleej Times) Indian national Ahamed Sulaiman - the just returned Games Maker from the Rio Olympics and Summer Paralympics 2016 - is a true inspiration for all the hardworking blue collar ...

 Sep 27 2016 - 'Youth should be proud of UAE's presence in Yemen'Khaleej Times
(MENAFN - Khaleej Times) Emirati youth are urged to keep themselves better informed on current world issues, broaden their perspectives, and read more. This is particularly pertinent in order to ...

 Sep 27 2016 - UAE- Regulation must with drone sales soaring: Aviation bodyKhaleej Times
(MENAFN - Khaleej Times) The UAE General Civil Aviation Authority (GCAA) is currently working with companies selling drones in the country to inform all their customers on the regulations around ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help