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FINANCIAL NEWS
UAE’s SMEs see negative growth, sales in Q3
03 Sep 2015
(MENAFN) Small businesses operating in the UAE are less optimistic about prospects for sales and growth over the next three months compared to the previous quarter, a new survey has revealed.
The sentiment survey, carried out by Gulf Finance Corporation, a subsidiary of Shuaa Capital, also showed a decline in total orders received during the second quarter of 2015.
It said the ability of SMEs in the UAE to collect payments and to raise financing has decreased during the period while one in four respondents said they were less inclined to hire on a forward looking quarterly basis.
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