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New study reveals impact of COVID-19 on UAE family businesses
2 hours ago
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Business families in the UAE have preferred a cautious approach in responding to COVID-19 to preserve the economic, emotional and social investments in their firms, a new global study and benchmarking report by STEP Project Global Consortium and KPMG has revealed. Dr. Rodrigo Basco, Sheikh Saoud bin Khalid bin Khalid Al-Qassimi Chair in Family Business at American University of Sharjah (AUS), led the international research team that reviewed the impact of COVID-19 on family businesses.
The international project analyzed data from almost 2,500 family-owned firms from 75 countries in Europe, North America, South America and the Caribbean, Asia Pacific, and the Middle East and Africa. It reveals that the COVID-19 pandemic has negatively impacted the revenue of 69 percent of all surveyed firms. ....

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