Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
CBUAE Hosts UAE – Japan SME Seminar
 

Abu Dhabi, UAE – 30th September 2018:   The Central Bank of the UAE (CBUAE) Governor H.E. Mubarak Rashed Al Mansoori welcomed H.E. Kanji Fujiki, Japan’s Ambassador to the UAE and a delegation of high ranking officials from the Japanese Government and banking sector, for a seminar to learn about the support systems and regulatory measures that make up the foundations for a thriving SME sector in Japan. 

One of the most important areas of the UAE’s national agenda is the support and development of SMEs which have been identified as vital to the UAE’s transition to a knowledge-based economy, increasing the share of private non-energy sectors in employment and growth. In the Japanese domestic economy, SMEs play a considerable role, representing 70 percent of all employment, over 99 percent of all enterprises and 50 percent of value added in the manufacturing sector, rising to 60 percent in non-manufacturing.

To advance the progress of SMEs in the UAE a high level meeting took place that included key stakeholders and an SME Working Group was recently established. This group is working to identify the major challenges facing SMEs in the UAE and formulate measures to address those challenges, based on international experience.

H.E. Mubarak Rashed Al Mansoori, UAE Central Bank Governor said: “SMEs are crucial for ensuring sustainable inclusive growth, innovation and job creation in the UAE. We therefore need to create a supportive regulatory environment and a complementary wider supporting ecosystem that enable SMEs to flourish. Part of this is to draw on the experiences of other leading economies, such as Japan, and adopt the most effective measures and policies for the UAE market.”

H.E. continued: “I would like to thank our Japanese counterparts for their valuable insights during this seminar. This event is part of wider UAE and Japan cooperation on financial services and economic development and we hope to continue our collaborative dialogue in the future.” 

During the seminar, Japan’s Small and Medium Enterprise Agency, Ministry of Economy, Trade and Industry (METI) gave an overview of the SME environment in Japan and presented the country’s approach to establish effective Japan’s Credit Guarantee System, Loan Guarantee Support System, Credit Risk Database (CRD) and Investment Fund Scheme. Representatives from the Sumitomo Mitsui Banking Corporation (SMBC) also gave a detailed presentation on SMBC’s support experience for SMEs in ASEAN and Myanmar, how to organize viable financing structures, secure funding resources and upgrade related laws and regulations.

The UAE-Japan SME Seminar took place at the CBUAE Headquarters in Abu Dhabi and included key representatives from the UAE Central Bank, the Ministry of Economy, Khalifa Fund, Mohammed Bin Rashid Est. for SME Development (DUBAI SME) and others. Representatives from the Embassy of Japan in the UAE, SME Agency, Ministry of Economy, Trade and Industry (METI), Consulate General of Japan in Dubai, Japan External Trade Organization (JETRO) and Sumitomo Mitsui Banking Corporation attended from Japan.


Posted by : Dubai PR Network Editorial Team
Viewed 5154 times
PR Category : Banking & Investments
Posted on : Sunday, September 30, 2018  4:04:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : A flying economy – the economic powerhouse above the clouds
Next Story : Leading European Insurance Brokers Alpha Lloyds & MSH Inter...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Let It Glow [18818-Views]
Filorga Launches FLASH-NUDE Collection [16189-Views]
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of the precisio... [14646-Views]
Let All Your Photos Be Merry & Bright [14494-Views]
Chrono 4 Grande Taille - an extra-special timepiece [12828-Views]
HP ProBook x360 11 G3 and G4 Education Edition [12792-Views]
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai Desert Cla... [11852-Views]
Maintain Healthy Skin Year Round [11645-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory... [11340-Views]
Free gold coins at Malabar Gold & Diamonds Festival [9479-Views]
MIDO Baroncelli Lady Day & Night collection [9302-Views]
American Eagle Is the Go-to Destination for Gifting This Holiday Season' [8308-Views]
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market [7515-Views]
The Interiors Gift Guide with Home and Soul [7021-Views]
Newby Teas Launches Advent Calendar For Christmas 2018 [6704-Views]
GAZOO Racing Wins Australia Rally at FIA World Rally Championship [6655-Views]
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Palm Jumeirah [6612-Views]
Interview with Asil Attar, CEO of Al Yasra Fashion [6551-Views]
Tissot Chemin des Tourelles [6448-Views]
Get Ready for Party Season with Lottie's new make-up hits [6344-Views]
Festive Gift Sets from Bubble T [6130-Views]
Holiday Gifting Made Easy with Wet n Wild Beauty Specials [6118-Views]
Holiday Handbags | GUESS [5838-Views]
Growth and inclusivity drive Avaya's channel strategy for 2019 [5777-Views]
Tissot PR100 Lady Sport – Chic Glamourous Festive Season [5740-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories