Access to funds deters innovation, study finds

Wednesday, 28 October 2015 at 16:27

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 News

14 dead, 30 injured in Fujairah traffic accident

Fourteen people have died and 30 others have been injured following a major traffic accident in Fujairah, according to an update from the UAE Ministry of Interior.
H.H. Sheikh Mohammed issues law defining Dubai Municipality's mandate

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a law defining Dubai Municipality's mandate to build a future-ready city.
Sharjah reopens beaches to the public after tanker oil spill

Beaches in Sharjah have reopened to the public, with authorities confirming that an offshore oil spill involving a tanker in October has been contained.
8 arrested for Abu Dhabi hotel brawl; 2 more held for filming it

Abu Dhabi Police have arrested eight people for fighting at the entrance of a hotel in the Emirate, and two more for filming the brawl.
UAE President meets US delegation following trilateral talks with Ukraine, Russia

UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan has met with the US delegation that mediated the talks between Ukraine and Russia in Abu Dhabi this week.
Abu Dhabi arrests man in AED 14 million gold jewellery fraud

A man has been arrested in Abu Dhabi for defrauding the owner of a gold jewellery store in the UAE capital of items worth AED 14 million.
Several dead and injured in Fujairah road collision

Several people have been reported dead and wounded after a truck collided with a number of vehicles on Fujairah's Sheikh Khalifa bin Zayed Street early Thursday.
Ras Al Khaimah Ruler attends COP31 Leaders’ Summit

His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, led a high-level Emirati delegation at the opening of the COP31 Leaders' Summit in Antalya, Turkey.

Recently Played

I Knew I Loved You
Savage Garden
Bahala Na
James Reid and Nadine Lustre
Kung Hindi Ngayon, Kailan Pa
Six Part Invention

Latest Blogs

Pinoy Tribe with the Filipina Cancer Warriors
Pinoy Expat Corner

In the fight against cancer, how important is having a strong support system—family, friends, and the community?
Pinoy Bulletin October 5 - 9, 2026
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Tribe with the Filipino Offroaders United
Pinoy Expat Corner

What should beginners know before getting into off-roading? What type of vehicle is ideal for off-road adventures?

Access to funds deters innovation, study finds

More from Local News

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go

Access to funds deters innovation, study finds

Share

More from Local News

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go