Gulf Capital and MEED-GlobalData announce virtual conference to help accelerate recovery of the region's SME ecosystem

Gulf Capital and MEED-GlobalData announce virtual conference to help accelerate recovery of the region's SME ecosystem
September 07, 2020

Gulf Capital and MEED-GlobalData have announced the ‘Gulf Capital SME Insights Summit’ on September 9, 2020, culminating the successful webinar series, which provided access for SMEs to resources and experts on critical topics following the current financial climate amid the COVID-19 pandemic.

The Gulf Capital SME Insights Summit is a virtual conference that will bring together industry experts to provide valuable insights on the way forward for SMEs during their road to recovery. Thought leaders including Gulf Capital, Beehive, Clyde & Co., DTEC, The Benton Group, The TECOM Group, TiE Dubai, SHERAA and more will explore pertinent issues to enable SMEs to navigate the current challenges, such as liquidity and debt management, corporate governance and negotiations, as well as investment readiness to attract investors and expand.

“There is no question on the importance of SMEs in the region and the key role they play in the realisation of the regional visions and economic growth,” said Dr. Karim El Solh, Chief Executive Officer of Gulf Capital. “However, the current pandemic has severely impacted the regional economies, with SMEs in the region feeling the brunt of the economic slowdown. Gulf Capital has always been a backer and champion of SMEs in the GCC. During the pandemic, our team has dedicated their time and energy to help SMEs navigate the current pandemic and to provide them with the right tools and guidance to counteract the impact of the economic slowdown and to streamline and optimize their businesses so they come out stronger on the other end of the crisis. The upcoming Gulf Capital SME Insights Summit will summarize a lot of the learnings and recommendations and provide valuable insights on the way forward for SMEs during their road to recovery.”

According to a recent survey of over 30,000 small business leaders from more than 50 countries, a total of 26% of SMEs worldwide suspended their activities between January and May due to the pandemic, with some countries reaching as high as 50%. Surveyed SMEs in the MENA region - 51% in Egypt, 50% in the UAE, and 35% in Saudi Arabia - reduced their employee numbers due to the pandemic. However, the survey also noted post-pandemic business optimism, including 61% in the UAE, 59% in Saudi Arabia and 52% in Egypt. 1

The ‘Gulf Capital SME Insights’ bi-monthly webinars - which started in July and saw over 800 users tune in during a two-month period - discussed topics such as technology, finance, legal, and communications strategies, featuring a panel of industry leaders - including Oracle, IBM, SAP, The Fund - Dubai SME, DTEC, Hub71, startAD, and in5. The webinars addressed the key challenges faced by SMEs in the region and allowed for additional dialogue between participants and individual panellists for further insight and awareness through a virtual roundtable.

“Covid-19 has had a devastating impact on small and medium sized enterprises (SMEs), and the focus for many over the past few months has been simply on survival,” says MEED Editorial Director Richard Thompson. “But the pandemic has also forced people to do things differently. It has encouraged businesses to innovate, streamline, and collaborate in order to adapt faster and ensure business continuity. The Gulf Capital SME Insights Summit aims to be the catalyst for a swift recovery of the GCC’s SME sector, connecting businesses to experts, serving as a platform to support them during this period of uncertainty, and providing inspiration for the next generation of entrepreneurs to set up shop in the region.”

During the virtual summit, SMEs will gain access to key learnings and best practices as well as speed networking opportunities, live video/voice calls with fellow attendees and 1-on-1 sessions with industry experts.

The virtual conference is free to watch, but pre-registration is required: https://hopin.to/events/gulf-capital-sme-insights-summit?code=ee6c0e07-0af2-47b2-ae02-be46c9914ba7

Full details on the upcoming programme are available on the Gulf Capital SME Insights website: https://ind-sme-sme-awards.pantheonsite.io/about-summit/

On December 9, 2020 an awards reception will be hosted to celebrate the SMEs that have demonstrated outstanding resilience, agility and innovation to sustain and grow their business. Free entry submission for multiple categories is open until 18 September 2020.

For more information criteria and category details, please visit: https://sme.meed.com/about-awards/

Gulf Capital SME Insights Summit is supported by Founding partner: Gulf Capital; Audit partner: Grant Thornton; Association partners: DTEC, in5, She Is Arab, startAD, TiE Dubai; Communications partner: Four Communications; Endorsing partners: Dubai SME, Khalifa Fund For Enterprise Development; Knowledge and Research partner: Diligencia Consulting Limited; Leadership partner: Young Arab Leaders; and Strategic partner: Beehive P2P Limited.

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