Cost-Effectiveness Drives Adoption of Outsourced Accounting Services Amongst SMEs Across the Globe
The recent outbreak of COVID-19 throughout the world has had a tremendous adverse impact on the economy and brought a massive shift in the way companies did business. SMEs and startups have been the hardest hit with insurmountable challenges of declining revenues, layoffs and salary cuts, and shifting workplaces with long-standing implications. At this unprecedented […]
Post-Covid Economic Recovery Propelled UAE’s Non-Oil Foreign Trade on a 27% Higher Growth Trajectory
As the post covid economy gained momentum, the non-oil foreign trade of UAE witnessed an increase of 27% yearly during 2021 to reach Dh1.9 trillion, equivalent to $517.27 billion. Even in 2021, the non-oil foreign trade registered more than 11% higher growth compared to the pre-Covid levels in 2019, highlighted Vice President and Ruler of […]
UAE Targets 20 Unicorns by 2031 through Skill-Up, Start-Up, Scale-Up Programmes
UAE has set an ambitious plan to become home to 20 privately held startups valued at more than $1 billion each, commonly known as ‘unicorns’ in business, over the next nine years, country’s Minister of State for Entrepreneurship and SMEs, Dr Ahmad Belhoul Al Falasi, noted on Wednesday, 10th November 2021. At the launch of […]
India and UAE Sign CEPA to Boost Trade by $100 Billion
On 18th February 2022, India and the United Arab Emirates (UAE), entered into a Comprehensive Economic Partnership Agreement (CEPA) and signed a wide-ranging trade and investment pact, that is set to benefit almost 90% of trade, both exports and imports, between the two nations and boost bilateral trade to more than $100 billion over the […]