Access to funds deters innovation, study finds

NULL

Access to funds can be a barrier for innovation in economic development for businesses. That’s according to a survey by the Global Trade Development Week (GTDW), the UAE Ministry of Economy, and global management consultancy A.T. Kearney. 80% of respondents said innovation is crucial to grow their business, whilst 40% directly mentioned access to funds as a massive barrier to develop trade. Andrew Keable, Organiser and Owner of GTDW, says the role of SMEs is important in the economy, particularly in the UAE.

Listen

More from Local

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.