Gulf Capital and MEED-GlobalData celebrate resilient businesses at the 2020 Gulf Capital SME Awards

Gulf Capital and MEED-GlobalData celebrate resilient businesses at the 2020 Gulf Capital SME Awards
December 10, 2020

Gulf Capital and MEED-GlobalData have awarded the winners of the 9th Gulf Capital SME Awards at a ceremony hosted at Address Downtown, Dubai.

Gulf Capital and MEED-GlobalData celebrate resilient businesses at the 2020 Gulf Capital SME Awards

16 unique small and medium sized businesses were celebrated for their contribution to today's challenging regional economy, while a further 7 businesses were highly commended across categories including Startup Business of the Year, Emirati Business of the Year, Digital Business of the Year and more.

Celebrating the very best businesses and entrepreneurs from the region, the 2020 Awards received over 300 applications across 17 unique categories. The winner of MasterCard Technology Startup of the Year, BankOnUs, allows UAE residents to compare insurance policies, credit cards, loans, and bank accounts all in one place. The independent panel of judges applauded the startup's ability to manage consumer pain points by customising information through a bespoke mobile application.

Linen Obsession Textile Trading LLC, winner of the coveted Gulf Capital Business of the Year award, was recognised for its democratic leadership approach that focuses on empowerment, training and equal opportunity for team members. The judges lauded the business for its innovative work, ability to pivot successfully, identifying and plugging gaps, fostering teamwork and incredible customer focus.

Commenting on the accolades, Dr Karim El Solh, CEO of Gulf Capital, said: "We are now in our ninth year of supporting SMEs and celebrating their achievements at the Gulf Capital SME Awards. This year, businesses of all sizes were challenged amid the global health crisis. However, we are seeing SMEs navigate through the New Normal by innovating and adapting their business models to survive and prosper in today's environment. The calibre of entries that we received for this year's awards is impressive and the strong growth and traction of these SMEs is a testament to their resilience and innovation."

"I would like to congratulate all the businesses that have been awarded, and I am confident that they will fuel the recovery and progress of the region by continuing to champion growth and innovation."

"While many companies have found it tough going in 2020, few have faced greater challenges than those operating in the SME sector," says MEED editorial director Richard Thompson. "Small businesses are the lifeblood of any economy and the Gulf Capital SME Awards celebrate the resilience and the drive of entrepreneurs and small companies. This year, more than ever, we are delighted to celebrate the best achievements of small and medium-sized businesses in the UAE, who are vital to the long-term success of the region."

As part of this year's awards, Gulf Capital and MEED-GlobalData launched a multi-channel programme of activity to provide SMEs with the information, intelligence and support needed to make efficient business decisions and adapt corporate strategies to achieve success following COVID-19.

The ‘Gulf Capital SME Insights LIVE' 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.

The complete list of winners include:

  • Business Innovation of the Year: EVOTEQ
  • Disruption of the Year: Lock&Stock
  • Micro Business of the Year: Fruitful Day
  • Customer Focus of the Year: Belly Baby Mom
  • Mastercard Technology startup of the year: BankOnUs
  • Startup Business of the Year: IQ fulfillment
  • New Entrepreneur of the Year: Melda Akin / D14.ai
  • CSR Programme of the Year: The Happy Box
  • Sustainable Business of the Year: ONE MOTO - Electric Vehicles
  • Entrepreneur of the Year: Dr. Karen Remo /New Perspective Media Group
  • Emirati Business of the Year: Bait Al Kandora
  • Gulf Capital Business of the Year: Linen Obsession Textile Trading LLC
  • People and Culture of the Year: The Hanging House
  • B2B Small Business of the Year:  Linen Obsession Textile Trading LLC
  • B2C Small Business of the Year: QidZ
  • Business Leader of the Year: Atheeqe Ansari /Electricway
  • Digital Business of the Year: ArtSmiley

Gulf Capital SME Awards is supported by Founding partner: Gulf Capital; SME Payments Partner: Mastercard; 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; Strategic partner: Beehive P2P Limited; VVIP Partner - D14.ai, Linen Obsession Textile Trading LLC; VIP Partner - Ascentia Services, Electric Way, IQ Fulfillment and S.T.E.P.

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