UAE SMEs recognized for growth

UAE SMEs recognized for growth
The winners of the 8th Gulf Capital SME Awards 2019 were announced at a gala dinner hosted at The Ritz-Carlton, Dubai International Financial Center.
Updated 30 September 2019

UAE SMEs recognized for growth

UAE SMEs recognized for growth

Gulf Capital has unveiled the winners of the 8th Gulf Capital SME Awards 2019 at a gala dinner hosted at The Ritz-Carlton, Dubai International Financial Center. Seventeen SMEs across the technology, F&B and health care sectors were recognized for implementing innovative techniques and strategies that lead to business growth and rapid expansion. 

This year, the awards, which recognize new and existing SME businesses, received a record number of 300 applications from companies and entrepreneurs across 17 categories. 

Dr. Karim El-Solh, CEO of Gulf Capital, said: “SMEs are the driving force of the UAE’s economy, as they constitute over 90 percent of all the organizations in the country. We are pleased to recognize and celebrate the achievements of the SMEs that continue to fuel the growth of the UAE economy and are displaying world-class capabilities by being champions of growth and innovation.”

“Entrepreneurs and small companies are the drivers of the future success of this region,” said MEED editorial director Richard Thompson. “Through these awards, MEED is supporting SMEs in the UAE by celebrating their finest achievements. And even if they have not won an award on the night, every company participating in the Gulf Capital SME Awards 2019 is a winner and should be applauded for the contribution it is making to the future of this region.”

The UAE continues to be the preferred location for SMEs to flourish as the number of new companies entering the market has increased by 30 percent in the last decade, according to a recent report by Diligencia, Gulf Capital and MEED.


Hyundai gives away Sonata cars to 3 contest winners

Hyundai gives away Sonata cars to 3 contest winners
Updated 17 January 2021

Hyundai gives away Sonata cars to 3 contest winners

Hyundai gives away Sonata cars to 3 contest winners

Hyundai Motor Company has announced the winning photographs of its Sonata Fandom Challenge as three residents in the Kingdom beat thousands of entries to win a new Sonata 2.5 GDi each.

Launched in November with the aim of encouraging the public to get creative, the competition received more than 16,000 submissions across three different categories — Sonata 2.5 GDi, Sonata N Line and the Sonata Hybrid.

To win one of the three Sonata 2.5 GDi cars, residents across the Kingdom were required to take a picture on their smartphone using the AR camera filter of either a Hyundai Sonata 2.5 GDi, a Sonata N Line or a Sonata Hybrid, which could be zoomed in, rotated or moved. The pictures were then uploaded on the website and shared on Instagram.

Following a thorough selection process, Bashayer Mohammed (Sonata 2.5 GDi), Sultan Faei Assir (Sonata Hybrid) and Abdulrahman Al-Qarawi (Sonata N Line) were chosen as the winners in their respective categories.

Mohammed was taken by surprise to discover she won her “dream” car. She said: “It was my first time where I was participating in a competition and I was really happy to find out that I won a brand new Hyundai Sonata.”

She added: “The idea for the photo came when it was raining in Jeddah and when it stopped later in the day, I wanted to capture a photo of the Sonata 2.5 GDi in front of the sea and the colliding waves and managed to click it perfectly.”

Assir, winner of the Sonata Hybrid category, was inspired to take a picture of one of Riyadh’s iconic landmarks with the Sonata Hybrid after seeing the competition advertisement in a café.

He said: “I must say that the Sonata is a wonderful car that is powerful and fabulous to drive. The car has certainly exceeded my expectations in both the performance and design, and I would like to thank Hyundai for running the Sonata Fandom Challenge to win this amazing car.”

Al-Qarawi was equally shocked to discover he won the top prize in the Sonata N Line category. He said: “I really liked the idea of Hyundai inviting residents to use virtual reality and other innovative and modern techniques to take photos with the Sonata N Line. I have always liked the Hyundai showroom in Dammam and after seeing an empty parking space, I decided to take the picture at that moment in time.”

Bang Sun Jeong, vice president, head of Hyundai Motor Company Middle East and Africa headquarters, said: “The Sonata Fandom Challenge was a great success for us as we wanted to engage with our customers to celebrate the festive season and we are extremely happy with the overwhelmingly positive response. It is a testimony of the love, trust and confidence that our customers repose in us.”