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88 per cent of SMEs in UAE hopeful about future growth

88 per cent of SMEs in UAE hopeful about future growth 6 hours ago Inayat-ur-Rahman, Business Editor After facing unprecedented changes in the wake of the COVID-19 pandemic, Small and Medium Enterprise (SME) confidence in the UAE is on the rise, according to the latest research by Mastercard. The inaugural Mastercard Middle East and Africa (MEA) SME Confidence Index found that 88% of SMEs in the UAE are optimistic about the next 12 months. In fact, two-thirds (66%) are projecting revenues that will either grow or hold steady. As many regional economies gradually enter the normalisation and growth phase, and social restrictions continue to ease, small and medium sized businesses in the UAE have identified easier access to funding (40%), acceptance of digital payments (34%) and training and upskilling staff (34%) as the top three drivers for growth. This highlights the opportunities for small businesses that arise from both internal transformation as well as industr

Almost 9 out of 10 UAE-based SMEs are optimistic about the next 12 months

Almost 9 out of 10 UAE-based SMEs are optimistic about the next 12 months – study SMEs across the country have identified easier access to funding, acceptance of digital payments and training and upskilling staff as the top three drivers for growth by Zainab Mansoor June 27, 2021 The confidence of small and medium enterprise (SME) confidence in the UAE is on the rise, according to a latest study. The Mastercard Middle East and Africa (MEA) SME Confidence Index revealed that 88 per cent of SMEs in the UAE are optimistic about the next 12 months and 66 per cent are projecting revenues that will either grow or hold steady.

SMEs in UAE positive about growth in next 12 months

SMEs in UAE positive about growth in next 12 months DUBAI, 11 hours, 51 minutes ago After facing unprecedented changes in the wake of the Covid-19 pandemic, 88% of small and medium enterprises (SMEs) in the UAE are optimistic about the next 12 months, according to the latest research by Mastercard. The inaugural Mastercard Middle East and Africa (MEA) SME Confidence Index found two-thirds (66%) are projecting revenues that will either grow or hold steady. As many regional economies gradually enter the normalization and growth phase, and social restrictions continue to ease, small and medium sized businesses in the UAE have identified easier access to funding (40%), acceptance of digital payments (34%) and training and upskilling staff (34%) as the top three drivers for growth. This highlights the opportunities for small businesses that arise from both internal transformation as well as industry regulations and trends.

UAE: 88 per cent of SMEs in the country optimistic about future growth

UAE: 88 per cent of SMEs in the country optimistic about future growth
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