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
 Jul 2 2015 - Saudi retail industry records USD98b salesMENAFN
(MENAFN) Saudi Arabia retail industry recorded USD98 billion in sales for 2011, ranking the country as the second-best retail marketplace in the Gulf Cooperation Council (GCC) after the UAE, The ...

 Jul 2 2015 - Custodian of the Two Holy Mosques visits Quba Mosque in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud visited Quba Mosque in Madinah on Wednesday evening.The King was accompanied by Prince Khalid bin ...

 Jul 2 2015 - Crown Prince arrives in JeddahSaudi Press Agency
(MENAFN - Saudi Press Agency) Crown Prince Mohammed bin Naif bin Abdulaziz, Deputy Premier and Minister of Interior arrived in Jeddah from Madinah on Wednesday evening.He was received at King ...

 Jul 2 2015 - Vodafone Qatar records USD633.56m revenue for 2014-15MENAFN
(MENAFN) Qatar's Vodafone posted USD633.56 million revenues for the fiscal year 2014-15, marking a 9 percent growth in customer subscriptions, according to the company's vice chairman, Gulf Times ...

 Jul 2 2015 - Jordan's Zarqa exports hit USD42.17m in MayMENAFN
(MENAFN) Jordan' exports, certified from the Zarqa Chamber of Commerce at the Free Zone in Zarqa, reached an overall value of about USD42.17 million in May, Jordan News Agency reported.Vehicles and ...

 Jul 2 2015 - Saudi Al-Haramain Train project worth USD2.502b, largest in MideastMENAFN
(MENAFN) Saudi Arabia's Al-Haramain Train project, considered as the largest transportation scheme to ever be developed in the Middle East, surpassed a total value of USD2.502 billion for its four ...

 Jul 2 2015 - UAE condemns terrorist attacks in North SinaiThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Ministry of Foreign Affairs has condemned the terrorist attacks which took place in North Sinai today and resulted in martyrdom of several Egyptian army ...

 Jul 2 2015 - UAE grants USD9.79b for infrastructure in developing countriesMENAFN
(MENAFN) The United Arab Emirates is set to offer a total of USD9.79 billion for infrastructure in certain developing countries, according to the Minister of International Cooperation and Development ...

 Jul 2 2015 - Abdullah bin Zayed meets with Scotland's former First MinisterThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, today met with Scotland's former First Minister, Alex Salmond. During the meeting, they reviewed ...

 Jul 2 2015 - Human Appeal International prepares thousands of food parcels in PalestineThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Human Appeal International (HAI) has begun the implementation of food parcels project for the underprivileged families in the Palestinian Governorates, as ...

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