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Top SME Finalists in Gulf Capital Awards Show Resilience with 100% Growth

Top SME Finalists in Gulf Capital Awards Show Resilience with 100% Growth
July 23, 2018

Dubai, United Arab Emirates; 14 July 2018 – The finalists of the 2018 Gulf Capital SME Awards report a two-year compounded growth rate of 100%, underscoring the resilience of small businesses in the UAE amidst challenging economic times.

A total of 97 finalists have been shortlisted this year, with 11% increase in entries to 2017, highlighting another banner edition of MEED’s awards programme that recognises success, innovation and growth in the SME sector in the Emirates.

“Every year we are astounded at the quality of the entries we receive, which makes it more difficult to shortlist and then pick winners - this is a testament to the vibrancy of the SME sector in the UAE and that it continues to be a core driver for growth in this country,” commented John Emmerson, Director, SME Awards, MEED, the leading business intelligence provider in the Middle East.

Equally impressive, the finalists reported a combined turnover of AED1.3bn last year which shows small businesses continue to be a key pillar of the UAE’s development.

“These numbers without a doubt prove that the UAE has put in place very strong fundamentals to support the growth of the SME sector in the Emirates. More and more small businesses are reporting remarkable growth, and this awards programme which we have been supporting for the last six years have put the spotlight on entrepreneurs and business leaders who are making a difference by innovating and pursuing new avenues of growth that contribute to the dynamism of the economy,” said Dr Karim El Solh, co-founder and CEO of Gulf Capital, one of the largest alternative asset management firms in the Middle East and the headline sponsor of the awards.

The finalists are competing in 16 award categories, including B2B Small Business of the Year (above AED15 million), B2B Small Business of the Year (below AED15 million), B2C Small Business of the Year, Business Innovation of the Year, Customer Focus of the Year, Digital Business of the Year, Disruption of the Year, Micro Business of the Year, People and Culture of the Year, Start-up Business of the Year and Sustainable Business of the Year.

Supporting the UAE government’s entrepreneurial drive, the awards programme also honours outstanding business by its citizens with the Emirati Business of the Year awards. Three individual trophies will be given to the Entrepreneur of the Year, Business Leader of the Year and the New Entrepreneur of the Year.

The highly sought-after Gulf Capital Business of the Year award is being contested by Bin Touq Transport, Bizx Trading, Emitech Technical Services, FLC Marketing, Himatrix Middle East, Lunatus, Phanes Group, Spatial Composite Solutions, Tablix Technology, Time Hotel, Tour Dubai 1 Floating Restaurant and yallacompare.

MEED’s SME awards programme is supported by endorsing partners Dubai SME and the Khalifa Fund for Enterprise Development.

The full list of finalists is available online at www.meedsmeawards.com. The shortlisted SMEs will go through another round of evaluation by the judging panel after which the final set of winners will be announced on 26 September 2018 at Ritz Carlton DIFC, Dubai.

The Gulf Capital SME Awards is sponsored by Gulf Capital and Virtuzone.

Download press release in Arabic

 
 
 
 
 

Fraud Alert

Fraud Alert - Important alert to Gulf Capital Investors,Shareholders, the Financial Services Community and the Public

Fraudsters are engaging in a fraudulent email and website scams whereby websites and communications are targeting members of the public and potential investors (victims) by fraudulently using the identity of legitimate members of Gulf Capital's Executive team or Gulf Capital's Board of Directors to solicit investments, fake job offers and other dealings, without authority, and for a malicious purpose. Neither Gulf Capital's Chief Executive Officer nor any members of its Board of Directors or other members of its Executive team have made any offers for investment partnership, offers of employment or other dealings through these channels and the names, and identities of such individuals are being used illegally and without their consent.

Gulf Capital and its management have taken and will continue to take legal action against anyone found misusing Gulf Capital's name or the names or identities of any members of the Board of Directors of Gulf Capital or Gulf Capital's Executive team illegally or without consent for whatever reason.

Report Scams

We invite you to immediately contact fraud-detection@gulfcapital.com* if any of the following occur:

  1. You have received any unsolicited correspondence or investment advice or you think you have been contacted in relation to a possible scam (whether by telephone, email or courier) by sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  2. You have received notice from anyone outside of Gulf Capital informing you or raising concern regarding the fact that they may have been contacted by any sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  3. You have received any communications referencing any of Gulf Capital's Board of Directors that you consider are suspicious or which you are not sure how to respond to.
  4. You have any concerns about the authenticity of any website passing itself off as a website operated by Gulf Capital or referencing the names and identities of the Board of Directors of Gulf Capital or any of its Executive team without authority.
*Note: When forwarding suspicious e-mails to fraud-detection@gulfcapital.com:
  1. Do not modify the original subject line or contents enclosed, and do not include any personal or confidential information.
  2. Forward the full internet headers of any suspicious emails to fraud-detection@gulfcapital.com before deleting as this information willhelp Gulf Capital to track the true origin of the correspondence. The internet headers can be found through your e-mail system from within the e-mail. For example, in Microsoft Outlook, you can find the internet headers by opening the e-mail, then choosing "View" and "Options". Depending on the e-mail system that you use, the process for locating the internet headers will vary. We recommend you either copy and paste the internet header and message into a new e-mail or scan the e-mail and full headers and send as a PDF attachment to ensure it is received by fraud-detection@gulfcapital.com.

Protect Yourself

  1. We recommend that you avoid getting into a conversation with any fraudsters or revealingany personal or identifying information, but you should endeavor to record thepurported name of the person and organisation along with any other information they give you (e.g., telephone number, address etc.) and then forward all such information to fraud-detection@gulfcapital.com.
  2. You should obtain independent legal and financial and professional advice before handing over any funds or entering into any agreements in relation to such solicitations.
  3. We recommend that you not respond or open any attachments or links associated with any suspicious e-mails.
Copyright © 2017 Gulf Capital Pvt. JSC. All rights reserved.

Illegal Use of Gulf Capital's Name

Phishing Email Alert

Gulf Capital Pvt. JSC has recently become aware of a spate of fraudulent emails purporting to offer financing from, and employment at, Gulf Capital and Gulf Capital Credit Partners (DIFC) Ltd. and misusing the official Gulf Capital logo and trade name. These emails do not originate from Gulf Capital or any of our affiliates. If you have received any such email, do not click any links in the email or provide any personal information (e.g. your bank details or copies of identity documents).

There are a number of illegal advance fee scams in operation where our name and those of our Board of Directors and Senior Management are being impersonated and abused.

The Gulf Capital name, and sometimes the names of individual employees within our firm, have been used in various fraudulent scam emails, letters and phone calls. These communications typically seek to attract a victim by suggesting that project funding or a job can be obtained by paying an upfront fee. Sometimes fake documents are sent to the victim and websites mimicking the Gulf Capital name and brand are used.

Common themes include:

  • the use of similar domain names designed to appear legitimate; examples include using phishing email accounts from domains such as: @gulfcp.com, @gullfinvest.com, board members name@outlook.com, @gulfunioninvestment.com, name@gullfcapital.com
  • offers of work/visa services related to employment in the Middle East upon payment of administrative, medical and other fees;
  • offers of project financing upon payment of a fake surety bond and due diligence fees;
  • forged Board of Directors resolutions approving loans, MOUs, loan agreements claiming "100% refundable" professional service fees;
  • bogus look-alike websites;
  • fake profiles on LinkedIn and My Opportunity purporting be Directors or Management of Gulf Capital;
  • "signed" and stamped contracts purporting to be provided by us regarding project financing; and
  • use of our UAE telephone numbers by criminal impersonators.

This is not an exhaustive list of scams. New schemes designed to steal the business public's money or personal data are being invented all the time or for use in other illegal activities. Please act prudently and sensibly for your own protection and take note of our Fraud Alert on our website. The perpetrators may not always request money or personal details on initial contact, but often wait until the victim has responded.

Please note that Gulf Capital and its Management and Directors have no involvement in these or any other scams, and will vigorously prosecute any violators in tandem with the concerned authorities. Our name is being used in an unauthorized and illegal way. Note that we do not use Gmail, Hotmail, Outlook or Yahoo addresses.

We recommend you delete scam emails and do not reply to scam letters, emails, calls or faxes, and do not send money to strangers. If you need to confirm with us whether a communication is genuine, please contact us at fraud-detection@gulfcapital.com.

I have read and understood the Fraud Alert, Terms & Conditions of Use and Privacy Policy. I accept the terms and condition therein and wish to proceed to the Gulf Capital website.