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In "BUSINESS"
DUBAI — The arrival of a new private financing platform in the UAE to support start-ups, private enterprises and SMEs will give a huge boost to “key engines of the country’s economic growth”, a legal expert said Sunday.Zisha Rizvi, Partner at STA Law Firm, said the lead taken by the Abu Dhabi Global Market (ADGM) is a vital move to ensure the continued growth of crowdfunding, which can mean the difference between business success and failure for SMEs.The ADGM, an international financial center in Abu Dhabi, last month launched its framework for the regulation of online Private Financing Platforms (PFPs) for non-public companies, with the aim to reduce the risk of obtaining financial support from crowdfunding.‘SMEs, which comprise about 95% of the total establishments in the UAE,...
October 21, 2018
Abu Dhabi
crowdfunding
initiative huge
boost to SMEs
October 21, 2018
SWIFT blueprint for common API standards unveiled
October 21, 2018
Expo 2020 marks ‘Two Years to Go’
October 21, 2018
Over $800 billion invested in
Saudi construction projects
October 21, 2018
Jaguar launches two
exceptionally dynamic
aluminum-body cars
October 21, 2018
Lufthansa expands fleet with new generation short- and
medium-haul Airbus planes
October 21, 2018
Epson at the forefront of computer printers, artificial intelligence
October 21, 2018
Investcorp presides over 3rd Annual Credit Symposium
October 21, 2018
Saudia Cargo says sector’s
role vital to reach Vision 2030
aLFANAR, one of the leading Saudi-based developers for clean energy in Asia, Africa and Europe, has reached to a financial closure for its 300 MW Wind Project in Bhuj, Gujarat, India. The project was awarded through competitive bidding by Solar Energy Corporation of India Limited (SECI) – a company under the Ministry of New and Renewable Energy, Government of India, (TranceIII).The project has been awarded to alfanar on development, construction, ownership and operation basis, which will be the second project of the company to successfully reach financial closure from a portfolio of 1.7GW renewable energy investment projects.The facility agreement was signed by alfanar Energy Private Limited (AEPL), an alfanar subsidiary, for approximately INR15 billion (over $ 200 million) with...
October 21, 2018
alfanar strikes financial closure
for its wind IPP project in India
