The Khalifa Fund for Enterprise Development, an Abu Dhabi government agency, and Amazon teamed up on a new programme that will back small and medium-sized enterprises in the emirate.
Under a free online education programme called e-Empower, the US e-commerce company will offer a 10-week training course to thousands of SMEs in the emirate that wish to start a new online business or expand an existing platform.
It will also provide business advice for up to four months, the fund said on Wednesday.
“We are confident that, together with Amazon, we will empower entrepreneurs across a diverse range of industries to take their businesses to the next level in the e-commerce space,” said Mohammed Al Shorafa, chairman of the fund and the Abu Dhabi Department of Economic Development.
“The partnership... will bring about groundbreaking benefits for UAE entrepreneurs.”
SMEs account for 98 per cent of all companies in Abu Dhabi, making them a key pillar of the emirate’s economy. The UAE capital has announced various measures to support and develop SMEs, including economic relief packages during the Covid-19 pandemic.
The government has sought to attract more high-tech start-ups and businesses to Abu Dhabi as part of its focus on artificial intelligence, agriculture technology, food security and industrialisation.
The e-Empower programme is intended to help SMEs thrive in a digital economy by offering them resources and insights needed to reach a wider customer base through Amazon.
The partnership is part of the Abu Dhabi Inspires programme, a series of initiatives aimed at turning the adversity linked to the outbreak into opportunity.
“This new partnership is a natural next step in our journey to promote innovation, further develop the UAE’s SME sector and ultimately support the growth of our national entrepreneurial culture, in line with the Abu Dhabi vision,” Mr Al Shorafa said.
Participants will be taught how to jump-start their business growth on Amazon.ae through customised curriculums and personalised recommendations.
Entrepreneurs will also have access to Amazon's selling partner benefits such as easy listing tools, payment processing and promotional features to help them become more visible to customers, he said.
There has been a change in UAE consumer habits as people spending more time at home increasingly turn to online shopping, hastening the growth of e-commerce in the region.
The Department of Economic Development issues e-commerce licences to encourage entrepreneurs to adopt online platforms for existing projects and businesses.
Amazon said its overall partnership with small businesses is across a range of activities that help companies to sell products online, deliver goods, publish books and create new apps or other technology businesses using Amazon’s cloud services.
More than half of everything sold through Amazon comes from third-party sellers, most of which are SMEs, it said.
The US company said it plans to invest more than $18 billion (Dh66.1bn) this year in logistics, tools, services, programmes and on the recruitment of staff to develop the growth of its SME sellers.
“We are confident that our efforts with the Khalifa Fund will see us welcome more Abu Dhabi entrepreneurs to Amazon.ae, as they choose to grow their businesses with us,” said Ronaldo Mouchawar, vice president of Amazon Middle East and North Africa.
On Tuesday, the Dubai government and e-commerce platform Noon said they had teamed up on a new programme to back Emirati e-commerce businesses as part of efforts to grow the local digital economy.
The programme will connect start-ups that have a DED Trader licence with customers across the region through the Mahali online store on Noon.com.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
At Everton Appearances: 77; Goals: 17
At Manchester United Appearances: 559; Goals: 253
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
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UAE SQUAD
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Shaiman Anwar, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Ahmed Raza, Sultan Ahmed, Imran Haider, Qadeer Ahmed, Chirag Suri , Zahoor Khan
RESULTS
Lightweight (female)
Sara El Bakkali bt Anisha Kadka
Bantamweight
Mohammed Adil Al Debi bt Moaz Abdelgawad
Welterweight
Amir Boureslan bt Mahmoud Zanouny
Featherweight
Mohammed Al Katheeri bt Abrorbek Madaminbekov
Super featherweight
Ibrahem Bilal bt Emad Arafa
Middleweight
Ahmed Abdolaziz bt Imad Essassi
Bantamweight (female)
Ilham Bourakkadi bt Milena Martinou
Welterweight
Mohamed Mardi bt Noureddine El Agouti
Middleweight
Nabil Ouach bt Ymad Atrous
Welterweight
Nouredine Samir bt Marlon Ribeiro
Super welterweight
Brad Stanton bt Mohamed El Boukhari
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
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Feeding the thousands for iftar
Six industrial scale vats of 500litres each are used to cook the kanji or broth
Each vat contains kanji or porridge to feed 1,000 people
The rice porridge is poured into a 500ml plastic box
350 plastic tubs are placed in one container trolley
Each aluminium container trolley weighing 300kg is unloaded by a small crane fitted on a truck
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface
T20 SQUADS
Australia: Aaron Finch (c), Mitchell Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, D’Arcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa.
Pakistan: Sarfraz Ahmed (c), Fakhar Zaman, Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Hussain Talat, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shinwari, Hassan Ali, Imad Wasim, Waqas Maqsood, Faheem Ashraf.
KILLING OF QASSEM SULEIMANI
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
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Other key dates
-
Finals draw: December 2
-
Finals (including semi-finals and third-placed game): June 5–9, 2019
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Euro 2020 play-off draw: November 22, 2019
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Euro 2020 play-offs: March 26–31, 2020
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
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The Specs
Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The five pillars of Islam
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