Daily Archives - June 13, 2019

Dubai SME payment acceleration will bolster business and economy

The government of Dubai has announced plans to shorten payment cycles to small and medium sized enterprises (SMEs) operating in Dubai in a move that experts say will help boost the liquidity and economic activity in the emirate. According to UAE’s state-run WAM news agency, Dubai plans to expedite government payments to small and medium-sized companies. The government will pay SMEs within 30 days instead of 90 days. According to the report, this measure will result in approximately Dh1.6 billion ($435 [...]

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