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Launch of the Gulf Capital SME Insights to Support SMEs across the GCC

Launch of the Gulf Capital SME Insights to Support SMEs across the GCC
July 07, 2020

Gulf Capital SME Insights, a new digital initiative by Gulf Capital and MEED-GlobalData, has been launched to support the region’s SME economy. The digital platform will provide access to invaluable resources and host experts for live discussions on critical topics relevant to SMEs navigating a challenging financial climate amid the COVID-19 pandemic.

Launch of the Gulf Capital SME Insights to Support SMEs across the GCC

In their 9th year of supporting and celebrating SMEs, Gulf Capital and MEED-GlobalData have come together to launch a multi-channel programme of activity to provide SMEs with the information, intelligence and support to make efficient business decisions and adapt corporate strategies to achieve success following COVID-19.

Studying the impact of COVID-19 on the start-up ecosystem across the MENA region, a recent report found that 59 per cent of small businesses said they had already been impacted by the crisis . The same report found that 48 per cent of start-ups surveyed cited revenue generation as a major concern, and 41 per cent foresee lower-than-expected revenue growth rates in 2020.

“SMEs are undoubtedly the backbone of the global economy. The importance of this sector to the GCC economy is no different, with SMEs creating employment opportunities, championing creativity and driving innovation in line with regional economic growth visions. It is essential that we protect our SMEs more than ever due to the catastrophic economic impact of the COVID-19 pandemic and falling oil prices,” said Dr. Karim El Solh, Chief Executive Officer of Gulf Capital. “To support SMEs during this challenging time, we have joined hands with MEED-GlobalData to ensure that the SME community has the necessary foundations to respond, grow and succeed in the New Normal.”

The first webinar in the series of live broadcasts aired on 30 June 2020, featuring industry leaders from Hub 71, IBM, The Camel Soap Factory, and Gulf Capital.

Future editions of the bi-monthly webinar series will cover overarching themes around technology, financial solutions, legal perspectives, and communications strategies, featuring a panel of industry leaders - including Oracle, startAD, and in5, to address the key challenges faced by SMEs in the region. Following the webinar, a virtual roundtable will allow for additional dialogue between participants and individual moderators for further insight and awareness.

The series of virtual sessions will conclude on September 9, 2020 with the Gulf Capital SME Insights Summit. This virtual summit will bring together industry experts and thought leaders to provide valuable insights on the way forward. Following this, an awards reception on December 9, 2020 will be hosted to celebrate the SMEs that have demonstrated outstanding resilience, agility and innovation to sustain and grow their business.

“Covid-19 is having a devastating impact on many small businesses,” said MEED editorial director Richard Thompson. “Lacking the financial reserves of big companies, with limited revenue streams, and dependent on a small pool of key employees and suppliers, SMEs are extremely vulnerable to systemic shocks. After four months of social distancing and lockdowns, many are facing extinction.”

“The SME sector is vital for innovation, new job creation and growth,” said Thompson. “It is imperative that key actors such as governments, banks, landlords, tech companies and others come together to support SMEs in the UAE and the GCC to create a sustainable enterprise eco-system in the region that will help SMEs to thrive in the post-Covid economy."

“Through the Gulf Capital SME Insights, we are providing a platform to support the GCC’s SME sector, helping small businesses to achieve sustainable growth and profitability,” said Thompson. “Over the coming months, this initiative will connect SMEs with prominent companies and investors, and provide them with a wealth of resources for support and inspiration.”

The virtual broadcasts are free to watch, but pre-registration is required (click here). After the event, the session will be available to view on the Gulf Capital SME Insights website.

Full details on the upcoming programme will be available on the Gulf Capital SME Insights website.

Download press release in Arabic

 
 
 
 
 

Fraud Alert

Fraud Alert - Important alert to Gulf Capital Investors,Shareholders, the Financial Services Community and the Public

Fraudsters are engaging in a fraudulent email and website scams whereby websites and communications are targeting members of the public and potential investors (victims) by fraudulently using the identity of legitimate members of Gulf Capital's Executive team or Gulf Capital's Board of Directors to solicit investments, fake job offers and other dealings, without authority, and for a malicious purpose. Neither Gulf Capital's Chief Executive Officer nor any members of its Board of Directors or other members of its Executive team have made any offers for investment partnership, offers of employment or other dealings through these channels and the names, and identities of such individuals are being used illegally and without their consent.

Gulf Capital and its management have taken and will continue to take legal action against anyone found misusing Gulf Capital's name or the names or identities of any members of the Board of Directors of Gulf Capital or Gulf Capital's Executive team illegally or without consent for whatever reason.

Report Scams

We invite you to immediately contact fraud-detection@gulfcapital.com* if any of the following occur:

  1. You have received any unsolicited correspondence or investment advice or you think you have been contacted in relation to a possible scam (whether by telephone, email or courier) by sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  2. You have received notice from anyone outside of Gulf Capital informing you or raising concern regarding the fact that they may have been contacted by any sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  3. You have received any communications referencing any of Gulf Capital's Board of Directors that you consider are suspicious or which you are not sure how to respond to.
  4. You have any concerns about the authenticity of any website passing itself off as a website operated by Gulf Capital or referencing the names and identities of the Board of Directors of Gulf Capital or any of its Executive team without authority.
*Note: When forwarding suspicious e-mails to fraud-detection@gulfcapital.com:
  1. Do not modify the original subject line or contents enclosed, and do not include any personal or confidential information.
  2. Forward the full internet headers of any suspicious emails to fraud-detection@gulfcapital.com before deleting as this information willhelp Gulf Capital to track the true origin of the correspondence. The internet headers can be found through your e-mail system from within the e-mail. For example, in Microsoft Outlook, you can find the internet headers by opening the e-mail, then choosing "View" and "Options". Depending on the e-mail system that you use, the process for locating the internet headers will vary. We recommend you either copy and paste the internet header and message into a new e-mail or scan the e-mail and full headers and send as a PDF attachment to ensure it is received by fraud-detection@gulfcapital.com.

Protect Yourself

  1. We recommend that you avoid getting into a conversation with any fraudsters or revealingany personal or identifying information, but you should endeavor to record thepurported name of the person and organisation along with any other information they give you (e.g., telephone number, address etc.) and then forward all such information to fraud-detection@gulfcapital.com.
  2. You should obtain independent legal and financial and professional advice before handing over any funds or entering into any agreements in relation to such solicitations.
  3. We recommend that you not respond or open any attachments or links associated with any suspicious e-mails.
Copyright آ© 2017 Gulf Capital Pvt. JSC. All rights reserved.

Illegal Use of Gulf Capital's Name

Phishing Email Alert

Gulf Capital Pvt. JSC has recently become aware of a spate of fraudulent emails purporting to offer financing from, and employment at, Gulf Capital and Gulf Capital Limited (DIFC). and misusing the official Gulf Capital logo and trade name. These emails do not originate from Gulf Capital or any of our affiliates. If you have received any such email, do not click any links in the email or provide any personal information (e.g. your bank details or copies of identity documents).

There are a number of illegal advance fee scams in operation where our name and those of our Board of Directors and Senior Management are being impersonated and abused.

The Gulf Capital name, and sometimes the names of individual employees within our firm, have been used in various fraudulent scam emails, letters and phone calls. These communications typically seek to attract a victim by suggesting that project funding or a job can be obtained by paying an upfront fee. Sometimes fake documents are sent to the victim and websites mimicking the Gulf Capital name and brand are used.

Common themes include:

  • the use of similar domain names designed to appear legitimate; examples include using phishing email accounts from domains such as: @gulfcap-es.com, @gulfcp.com, @gullfinvest.com, @eaglesquare-ae.com, @gulfcainvest.com, board members name@outlook.com, @gulfunioninvestment.com, name@gullfcapital.com
  • offers of work/visa services related to employment in the Middle East upon payment of administrative, medical and other fees;
  • offers of project financing upon payment of a fake surety bond and due diligence fees;
  • forged Board of Directors resolutions approving loans, MOUs, loan agreements claiming "100% refundable" professional service fees;
  • bogus look-alike websites;
  • fake profiles on LinkedIn and My Opportunity purporting be Directors or Management of Gulf Capital;
  • "signed" and stamped contracts purporting to be provided by us regarding project financing; and
  • use of our UAE telephone numbers by criminal impersonators.

This is not an exhaustive list of scams. New schemes designed to steal the business public's money or personal data are being invented all the time or for use in other illegal activities. Please act prudently and sensibly for your own protection and take note of our Fraud Alert on our website. The perpetrators may not always request money or personal details on initial contact, but often wait until the victim has responded.

Please note that Gulf Capital and its Management and Directors have no involvement in these or any other scams, and will vigorously prosecute any violators in tandem with the concerned authorities. Our name is being used in an unauthorized and illegal way. Note that we do not use Gmail, Hotmail, Outlook or Yahoo addresses.

We recommend you delete scam emails and do not reply to scam letters, emails, calls or faxes, and do not send money to strangers. If you need to confirm with us whether a communication is genuine, please contact us at fraud-detection@gulfcapital.com.

I have read and understood the Fraud Alert, Terms & Conditions of Use and Privacy Policy. I accept the terms and condition therein and wish to proceed to the Gulf Capital website.

تناهى إلى علم شركة جلف كابيتال أن ثمة مراسلات متنوعة تعمم عن طريق البريد الإلكتروني، ومن مواقع على شبكة الإنترنت، وعن طريق البريد العادي أو الفاكس، تدعي زيفا أنها صادرة عن شركة جلف كابيتال أو بالاشتراك معها و/أو مع موظفيها. ويراد من عمليات الاحتيال هذه، في الكثير من الحالات، الحصول على المال و/أو معلومات شخصية من الأشخاص الذين يتلقون تلك المراسلات.

وتود شركة جلف كابيتال أن تحذر عامة الجمهور من هذه الأنشطة الاحتيالية التي يزعم الاضطلاع بها باسم الشركة و/أو باسم موظفيها؛ وستقدر لفت انتباهها إلى أي مراسلات مشبوهة.

يرجى الانتباه إلى ما يلي:

  • · لا تمنح شركة جلف كابيتال أي قروض شخصية أو تمويل شخصي.
  • لا تمارس شركة جلف كابيتال أي أعمال مع اسواق العملات العالمية و السلع و المعادن