Job creation through the development of successful small and medium sized enterprises (SMEs) will be a key element in the transition to economic stability in the Arab world’s emerging democracies, the European Bank for Reconstruction and Development (EBRD) said earlier this month.

Speaking at the opening of a conference of the Deauville Partnership with Arab countries, EBRD president Sir Suma Chakrabarti said the bank would support SME development through a number of planned investment projects, and by helping to create the right conditions under which they could flourish. (CONTINUED - 516 WORDS)