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FINANCIAL NEWS
UAE’s SMEs face financial challenges
15 May 2016
(MENAFN) Access to finance is the main challenge facing small businesses and entrepreneurs in the UAE.
Accordingly, the country’s vision to become a global hub for innovation, creativity and business development, encouraged many entrepreneurs to start successful businesses.
Moreover, covering almost 300,000 firms and accounting for 86 percent of the workforce in the private sector, SMEs play an essential role in UAE’s economy.
The SMEs need proper planning, agility and strong execution and determination to achieve their vision and reach a specific level of profitability.
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