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Who to trust? How UAE businesses can reduce risk

In the case of businesses in the UAE, trust issues can arise from common setbacks such as late payments or failure to meet contractual obligations.

5 steps to assess customer credit risk in the UAE

These tried and tested Cs will help determine a potential client s creditworthiness In association with Image Credit: Shutterstock When Ahmed opened his design business in Dubai last year, he was delighted to land an ambitious client straight away. He took on a couple of staff and the team began working on a raft of assets for his first customer. Ahmed knew his business was top heavy – meaning he was reliant on this company to keep going – but he did not over worry. Then things went wrong. As the global economy hit a rough patch, suddenly the substantial retainer payment stopped arriving, and e-mails and frantic phone calls went unanswered. A short time later, he found out the company had gone bust. Ahmed’s promising fledgling business crashed and he had to lay off his staff.

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