Ajman bank increases SME loans

Ajman Bank is participating in syndication and club loans for the local and regional companies with contributions of Dh100 million (R197 million), writes Zawya.

Ali E Alshaqoosh Al Mueen, deputy CEO says the bank will increase its lending to small to medium-sized enterprises (SMEs) and companies in the trade sector.

"We can't say that all of the SME sector is useless. We feel some SME firms offer good opportunities. We need to assess the risk and certain terms and parameters for the SMEs," he says. The bank will avoid newly created companies with little or no track records.

India's Department of Science & Technology's National Science and Technology Entrepreneurship Development Board (NSTEDB) and Dell India, have unveiled the SME Technology & Mentorship Forum (TMF), according to CIOL.

This initiative provides a platform for SMEs to obtain strong academic insights and real -life experiences from experts, through a combination of plenary seminars along with one-to-one and one-to-many mentoring opportunities, said a press release.

This initiative is being undertaken in the spirit of a public-private partnership, bringing together Dell India and the NSTEDB, to share the pedestal with academic thought leaders from leading universities, research organisations and businesses.

Citrix has made what it calls a strategic investment into Kaviza to help bring desktop virtualisation to SMEs, states Techworld.

The investment helps Kaviza's VDI-in-a-Box service, an application that automates the provisioning, load-balancing and management of virtual desktops.

"Interest in virtual desktops is beginning to reach beyond large enterprises. SMEs are starting to see the benefits of providing employees with access to virtual desktops from anywhere," says Andy Cohen, Citrix's senior director for strategic development.