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 7936 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
Police Is the Official Eyewear in Sony Pictures' “men in Black™: International” [7485-Views]
Michael Kors Celebrates Old Bond Street Townhouse With a Series of Events [6448-Views]
Discover the irresistible La Yuqawam Pour Femme Fragrance [6332-Views]
Make their Eid special this year with these perfect gifts! [5478-Views]
An essential guide to buying fragrance [5398-Views]
Eid Gift Guide Options [5142-Views]
Flormar's Three Beauty Essentials for Ramadan Nights [4892-Views]
Rado True Thinline My Bird Limited Edition' [4715-Views]
Gift your loved ones a fragrance to remember this Eid by Rasasi Perfumes [4660-Views]
SPF Must Haves – for everyday sun exposure! [4587-Views]
TAG Heuer launches 2 special editions to commemorate Indy 500 race - Carrera and Formula 1 [4575-Views]
Tissot Chrono XL NBA Collector' [4459-Views]
Salvatore Ferragamo Timepieces – Spring/Summer 2019 Collection' [4453-Views]
6,000 worshippers prayed with Sheikh Saad bin Said Al-Ghamdi at Grand Mosque of Rashidiya ... [4343-Views]
Chronoswiss Flying Regulator Night and Day Limited Edition [4142-Views]
Carl F. Bucherer celebrates premiere of John Wick: Chapter 3 – Parabellum in New Yo... [4038-Views]
HONOR Has Got You Covered This Eid With Multiple Gifting Options [3983-Views]
First Five Cities Revealed for New Call of Duty Esports League [3959-Views]
MOUAWAD: Wedding Sets 2019 [3934-Views]
Longchamp Eyewear Introduces a New Sunglass Style Featuring the Brand's Signature Stripe ... [3886-Views]
The Ultimate Eid Gift Guide [3630-Views]
Surprise beat Dubai 2020 to reach NAS Volleyball semis, meet Bin Thani next [3508-Views]
Shop the new Elna Line Collection at The Edit [3489-Views]
Karl Lagerfeld and Puma Introduce Two Special-Edition Sneakers [3453-Views]
Parmigiano Reggiano Exports to Gcc Region Soars to 105.2 Tons [3428-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories