UAE’s Lifeline to Lebanon: 18th Aid Plane Delivers Vital Medical Supplies Amidst Crisis

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  The United Arab Emirates has dispatched its 18th aid aircraft carrying 40 tonnes of essential medical supplies to Lebanon as part of the “UAE Stands with Lebanon” campaign. This ongoing initiative, launched in early October, aims to provide critical food, medical, and shelter supplies to the Lebanese population, who continue to face severe hardships due to ongoing conflict. In close collaboration with international organizations such as the World Health Organization (WHO), the United Nations High Commissioner for Refugees (UNHCR), and the International Federation of Red Cross and Red Crescent Societies (IFRC), UAE humanitarian organizations are playing a pivotal role in delivering life-saving aid to Lebanon’s vulnerable communities. The campaign is a direct response to the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, with further guidance from His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President and Deputy Prime Minister, and under the l
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On schedule to finance its 100th SME loan this year is the UAE's Funding Souq

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UAE

Funding Souq, a SME lending platform, has raised more than $2.72 million (Dh10 million) to date and has another $9.53 million (Dh35 million) on the way as part of its initiatives to connect SME borrowers with hundreds of investors from around the world.

Additionally, the program has set a goal to fund its 100th loan this year, solidifying its role as a catalyst for economic development in the UAE.

As part of its efforts to increase support for entrepreneurial ventures in the media industry and add new financing opportunities that target innovative start-ups and SMEs and help them secure financing, Sharjah Media City (Shams) has signed a strategic partnership and guarantee scheme agreement with Funding Souq.

Through Funding Souq's crowdfunding platform, the deal aims to give start-ups and SMEs cutting-edge financing options, while Shams will provide loan repayment guarantees.

“Sharjah Media City's (Shams) objective is to provide a fostering environment that fosters entrepreneurship, innovation, and creative thinkers in the media and creative sectors,” according to Dr. Khalid Omar Al Midfa, chairman of Shams.

“We were given this responsibility by Dr. Sheikh Sultan bin Muhammad Al Qasimi, a member of the Supreme Council and the ruler of Sharjah. And with that position in mind, Shams works tirelessly to develop initiatives that help start-ups and SMEs, as well as new opportunities for our community.”

As part of their mutual agreement, Funding Souq sends current or potential borrowers to Shams, where the most promising companies can be permitted to take advantage of Shams' varied facilities. Shams strives to connect businesses in need of loan facilities to Funding Souq.

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