Monthly Archives - August 2018

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How important are SMEs for an economy, especially in a place like the UAE?

Small and Medium enterprises (SMEs) in UAE form the backbone of nation’s economy. They serve as strategic driver of industries in UAE. Not only SMEs have played a key role in the past but they have much stronger role to play in future as well. According to data released by UAE Ministry of Economy, more than 94% companies operating in UAE are SMEs. Together, they comprise 86% of UAE’s total private sector workforce and contribute towards more than 60% of [...]

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