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The Governor of the Capital Governorate opens Batelco Business Centre bfound and Virtuzone partner to digitise the SME industry in UAE
UAE-based company bfound , a one-stop-shop for digital marketing solutions , and Virtuzone – a top-tier company incorporation service specialising in business setup across a range of zones across the UAE have built a powerful partnership to digitally transform and innovate the SME segment in the country . This partnership provides SMEs everything from company registration to marketing support , all under one partnership .
The pandemic has proven hard and both bfound and Virtuzone are on a mission to make it easier for anyone to launch , grow and make their business digital in the region .
This partnership gives Virtuzone ’ s current and new clients a competitive edge by getting access to exclusive discounts on bfound ’ s digital marketing and technology services .
Osman Sultan , bfound board member and former CEO of Du , said that now , more than ever before , people want to secure their futures by setting up their businesses , with these entrepreneurs and founders requiring support with their digital presence and awareness .
His Excellency Shaikh Hisham bin Abdulrahman Al Khalifa , Governor of the Capital Governorate , officially opened Batelco ’ s first Business Centre at The Avenues .
This is in line with Batelco ’ s strategic direction to elevate its services especially for Small and Medium Enterprises ( SMEs ), which play a vital role in the national economy . The Business Centre is located close to the main business area and will serve a larger enterprise segment .
His Excellency Shaikh Hisham bin Abdulrahman Al Khalifa said : “ It gives me great pleasure to be present at the launch of Batelco ’ s Business Centre in the Kingdom , which marks a new phase in the way services are provided to this vital sector of the national economy , as SMEs represent about 93 % of the total number of local companies . Due to the strategic location of the Avenues Business Centre , which lies at the heart of Bahrain ’ s capital , we are confident that it will benefit multiple businesses across various sectors .”
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Ombudsman shares RBA concern over small business access to finance |
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The Australian Small Business and Family Enterprise Ombudsman , Bruce Billson , has backed the RBA ’ s plea to banks to treat small businesses differently to consumers when considering loan applications . |
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Billson welcomed further scrutiny of small business access to finance pledged by RBA Assistant Governor , Chris Kent . |
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Billson said : “ Mr Kent ’ s comment that access to finance for small businesses has been a longstanding challenge and is now tighter than before the pandemic , is correct . |
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“ I support Mr Kent ’ s plea to banks to take a different approach to small business borrowers , given that even under the existing Responsible Lending Laws , banks are not obliged to apply the same serviceability requirements to small businesses that need to be applied to households .” |
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He added : “ Overall , we welcome the RBA ’ s acknowledgement of the important contribution the small business sector makes to the economy as well as its efforts to continue to monitor small business access to finance and their prospects more broadly .” |
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