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Beehive hits USD 1bln in SME funding, accelerating growth across the GCC
Beehive hits USD 1bln in SME funding, accelerating growth across the GCC

Zawya

time2 days ago

  • Business
  • Zawya

Beehive hits USD 1bln in SME funding, accelerating growth across the GCC

DUBAI, UAE, May 29, 2025 /PRNewswire/ -- Beehive, the region's leading digital SME (small and medium-sized businesses) lending platform, has reached a landmark milestone by underwriting over USD 1 billion in SME funding across the MENA region. This achievement follows Beehive's recently closed structured funding agreement of USD 140 million with institutional partners. The agreement enables Beehive to significantly scale its funding capacity, reinforcing its position as the lender of first resort for SMEs outside the traditional banking system. Since its inception, Beehive has supported the growth of over 2,100 SMEs across the UAE, Saudi Arabia, and Oman, disbursing more than USD 1 billion in SME financing. With a mission to bridge the region's USD 250 billion SME funding gap, Beehive continues to empower businesses through swift, digital, and accessible financing solutions. " This milestone is more than a number it reflects the real impact we've made on thousands of businesses across the region," said Craig Moore, Founder and CEO of Beehive. " With the support of our institutional and banking partners, we are accelerating our efforts to provide meaningful capital to the SMEs driving economic growth." As Beehive continues to grow, it remains firmly committed to providing SMEs with the capital they need to scale, innovate, and succeed. About Beehive: Founded in 2014, Beehive is the first peer-to-peer lending platform in the MENA region to be regulated by the DFSA. Headquartered in Dubai, Beehive connects businesses seeking finance with investors willing to support their growth, offering a faster, more affordable funding option for SMEs. Through technology and a commitment to supporting regional businesses, Beehive has become a trusted partner for SMEs across the GCC. Learn more at SOURCE Beehive For media inquiries or further information, please contact: Milda Kise, Group Head of Marketing, Beehive Fintech, +971 058 550 6713,

Beehive hits USD 1 Billion in SME funding, accelerating growth across the GCC
Beehive hits USD 1 Billion in SME funding, accelerating growth across the GCC

Yahoo

time2 days ago

  • Business
  • Yahoo

Beehive hits USD 1 Billion in SME funding, accelerating growth across the GCC

DUBAI, UAE, May 29, 2025 /PRNewswire/ -- Beehive, the region's leading digital SME (small and medium-sized businesses) lending platform, has reached a landmark milestone by underwriting over USD 1 billion in SME funding across the MENA region. This achievement follows Beehive's recently closed structured funding agreement of USD 140 million with institutional partners. The agreement enables Beehive to significantly scale its funding capacity, reinforcing its position as the lender of first resort for SMEs outside the traditional banking system. Since its inception, Beehive has supported the growth of over 2,100 SMEs across the UAE, Saudi Arabia, and Oman, disbursing more than USD 1 billion in SME financing. With a mission to bridge the region's USD 250 billion SME funding gap, Beehive continues to empower businesses through swift, digital, and accessible financing solutions. "This milestone is more than a number—it reflects the real impact we've made on thousands of businesses across the region," said Craig Moore, Founder and CEO of Beehive. "With the support of our institutional and banking partners, we are accelerating our efforts to provide meaningful capital to the SMEs driving economic growth." As Beehive continues to grow, it remains firmly committed to providing SMEs with the capital they need to scale, innovate, and succeed. About Beehive: Founded in 2014, Beehive is the first peer-to-peer lending platform in the MENA region to be regulated by the DFSA. Headquartered in Dubai, Beehive connects businesses seeking finance with investors willing to support their growth, offering a faster, more affordable funding option for SMEs. Through technology and a commitment to supporting regional businesses, Beehive has become a trusted partner for SMEs across the GCC. Learn more at Photo - View original content to download multimedia: SOURCE Beehive

Major Cambuslang housing development nears completion
Major Cambuslang housing development nears completion

Daily Record

time4 days ago

  • Business
  • Daily Record

Major Cambuslang housing development nears completion

The landmark eight-year project from Persimmon Homes West Scotland has delivered 443 new properties. A major development in Cambuslang that is set to leave 'a lasting, positive legacy in the area' is nearing completion. Castle Gardens is wrapping up after nearly a decade of delivery, providing hundreds of new homes, jobs and significant community investment for the town and South Lanarkshire. ‌ The landmark eight-year project from Persimmon Homes West Scotland has delivered 443 new properties, and the sales of its final homes have just been made. ‌ As part of the development, 57 of the 443 homes were transferred to South Lanarkshire Council to help local people in housing need. Since construction began, the development has contributed over £2.6 million in investment to support local infrastructure and services, including education, roads, public transport, affordable housing provision and community facilities. The project has supported the local economy by creating a number of direct jobs, along with additional roles in the local supply chain. It has also played a vital role in developing local talent, with more than 10 apprentices gaining valuable on-site experience throughout the build. Among them is Lee Brooks, whose work helped shape the community – and whose family now proudly call Castle Gardens home. As part of Persimmon's commitment to the communities it builds in, thousands of pounds have been donated to local charities and groups, including the Whitlawburn Resource Centre and Friends of Cambuslang Park, through the company's Community Champions initiative. ‌ Craig Moore, land director at Persimmon West Scotland, said: 'Castle Gardens is a great example of how long-term development, when delivered thoughtfully, can transform a site and bring real benefits to local people. 'We're proud of the homes we've delivered here and the strong partnerships we've built with community groups, local businesses, and South Lanarkshire Council over the past decade.' Castle Gardens has played a key role in helping meet local housing need, particularly for first-time buyers and families, with Persimmon's homes typically priced 20% below the average for new builds in Scotland. * Don't miss the latest headlines from around Lanarkshire. Sign up to our newsletters here. And did you know Lanarkshire Live is on Facebook? Head on over and give us a like and share!

What's in that paper bag? At new 6th Ave tavern, an Irish drinking snack sensation
What's in that paper bag? At new 6th Ave tavern, an Irish drinking snack sensation

Yahoo

time20-03-2025

  • Entertainment
  • Yahoo

What's in that paper bag? At new 6th Ave tavern, an Irish drinking snack sensation

A new Irish-inspired bar and restaurant opened on Tacoma's Sixth Avenue just in time for St. Patrick's Day. After a few soft-open days last week, Kingfisher and Rye Tavern officially debuted on Monday, welcoming a steady stream of revelers and neighbors seeking a pint of Guinness and a nip of Jameson, or just momentary refuge from the worries of today and every day. From the kitchen emerged several paper bags on plates with a ramekin of curried sauce on the side. A paper bag, you ask? As they were finalizing menu details in February, owners Michael Gruber, previously of Edison City, and Craig Moore, best known in the area for the late Copper Door in the Stadium District, teased a mystery dish 'that involves a bit of theater.' I frenetically Googled phrases like 'classic Irish pub food with theatrical presentation' and discovered the carvery, a British buffet of carved meats and accompaniments that has something of a spotty reputation. While I would not dismiss an improved version of this '70s-era tradition, the paper bag is much more fun. The Irish spice bag is a modern invention, purportedly at a specific Chinese restaurant in Dublin, although some argue it was in a rural town southeast of the capital. (Irish Chinese food, the marriage of starchy staples like fries and fried chicken balls with fried rice and sauces, is taking a star turn thanks to YouTube and TikTok reviews explaining the trend to a bewildered global audience.) The paper bag entered the chat circa 2010, according to Just Eat, a major food-delivery platform in the United Kingdom. At its most basic, the spice bag ($15.99) is drinking food. At Kingfisher and Rye, that translates to pub fries, bite-sized chicken nugs, grilled onions and bell peppers, all seasoned with salt and pepper, a shake of sugar and five-spice, usually a combination of star anise, cloves, cinnamon, fennel and Sichuan peppercorns or chilies. Choose between curry or sweet-and-sour sauce, or don't and get both. The menu instructs you to 'shake the bag and dump it,' but it's not necessarily uncouth to leave the sauce on the side and dip. Take the bag on your bar crawl or shake and share with the table. The plate of pickled vegetables ($8.99) — beets, asparagus, cauliflower, peppers, carrots, artichokes on a bed of arugula — is generous enough to share with a crowd. Other light bites include a Caesar, roasted lemony Brussels sprouts and a house hummus with pita. Shareable snacks range from spiced nuts and pretzel sticks with beer cheese to a plate of chips (as in fries) and wings with sauce options like Korean BBQ, honey chipotle, garlic butter and curry. Sandwiches include a BLT, breaded chicken cutlet with lemon-caper sauce, 'The Bourdain' with mortadella, provolone and pistachios on a Kaiser roll, and a butternut squash grilled cheese with quince, a tart and somewhat bitter fruit that makes a lovely little jam. A quad of burgers offers a classic iteration as well as one with mushrooms and another with a green peppercorn aioli and goat cheese. Find the spice bag as well as beer-battered haddock, chips and mushy peas under 'mains,' which also includes two stews (one that's vegan, made with mushrooms, lentils and a Belgian beer broth), chicken croquettes and five-cheese mac. The woodwork of the former Crown Bar, which closed in December after owner Bob Jensen sold the business to Gruber and Moore, shines against the new forest-green wallpaper in the bar area and the golden hues of the dining room with table service. Outside of the requisite Guinness, the six-tap draft system is pouring local brews, the cocktail menu leans classic, and the bar is stacked with American whiskeys and friends from across the pond. Events are already underway, including Tuesday trivia, with additional ideas en route all in an effort to make Kingfisher and Rye a neighborhood pub with daily hours for lunch, dinner and drinks well into the evening. ▪ 2705 6th Ave., Tacoma, ▪ Planned Hours: Monday-Thursday 11 a.m.-11 p.m., Friday-Saturday 11 a.m.-1 a.m., Sunday TBD ▪ Details: new neighborhood pub with full bar plus sandwiches, burgers, fish and chips, Irish fare and apps

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