Access to funds deters innovation, study finds

Wednesday, 28 October 2015 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

New UAE, Bahrain fast-track travel system takes off

The UAE has announced the launch of the pilot phase of the 'One-Point Air Travellers' project with Bahrain, aimed at making travel faster and more convenient for citizens of both countries.
Dubai adjusts paid parking hours for Ramadan

Paid parking zones in Dubai will operate on a two-shift system from Monday to Saturday during Ramadan.
Dubai's Al Jalila Foundation unveils cancer support fund

Dubai has launched a new cancer fund to support patients undergoing treatment and help ease their financial burden.
Dubai Police urge vigilance against online begging

Dubai Police are warning the public about a rise in online begging during the holy month of Ramadan.
H.H. Sheikh Hamdan pays tribute to UAE's royal photographer

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has offered his heartfelt condolences to the family of royal photographer Ramesh Shukla, who passed away on Sunday.
Sharjah approves over AED76 million in debt settlement for citizens

More than AED 76 million in debt have been settled for UAE nationals living in Sharjah.
H.H. Sheikh Hamdan awards Arab Hope Makers

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has awarded Morocco's Fouzia Jbara Mahmoudi with AED1 million as the top winner of the Arab Hope Maker initiative on Sunday.
UAE looks into framework to regulate children's social media use

The UAE's Education, Human Development, and Community Development Council is working towards establishing a framework that will regulate the use of social media among children.
UAE Ramadan moon-sighting committee to meet on Tuesday

The UAE Fatwa Council has announced that the moon-sighting committee will meet on Tuesday at 6:00 pm at Qasr Al Hosn in Abu Dhabi to indicate the start of the holy month of Ramadan.
RTA opens second bridge at Al Qudra intersection

Dubai’s Roads and Transport Authority (RTA) has opened the upper bridge on the intersection of Al Qudra Road and Sheikh Zayed Bin Hamdan Al Nahyan Street.
Abu Dhabi identifies over 40 modern heritage sites

Abu Dhabi has listed more than 40 modern heritage sites that require immediate protection and preservation.
Distribution of aid from UAE's Saqr Humanitarian Ship begins in Gaza

Teams from the UAE's Operation Chivalrous Knight 3 have started distributing the first batch of aid from the UAE's Saqr Humanitarian Ship to northern Gaza.
Dubai to expand bus and taxi lanes as public transport ridership grows by 7.4%

Dubai’s Roads and Transport Authority (RTA) has announced plans to expand bus and taxi lanes as public transport ridership touched 802.1 million in 2025, marking a 7.4 per cent growth from 747.1 million riders in 2024.
Emir of Qatar welcomed by UAE President on visit to Abu Dhabi

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks in Abu Dhabi on Saturday with His Highness Sheikh Tamim bin Hamad Al Thani, Emir of Qatar.
UAE, Egypt Foreign Ministers discuss Gaza peace plan

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Dr. Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Expatriates of Egypt, have discussed the importance of implementing all phases of US President Donald Trump's Gaza peace plan.
UAE, Pakistan leaders discuss boosting economic ties

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Pakistan’s Prime Minister Shehbaz Sharif on strengthening economic and development cooperation between the two countries.
UAE, Bosnia FMs discuss strengthening bilateral relations

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Elmedin Konaković, Minister of Foreign Affairs of Bosnia and Herzegovina, have explored prospects for strengthening bilateral cooperation during a telephone conversation.
H.H. Sheikh Mohammed launches campaign to rescue 5 million children from hunger

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the 11.5: Edge of Life Ramadan campaign to rescue 5 million children around the world from hunger.
Dubai advances measures to support people of determination

Dubai is advancing new measures to support people of determination, with initiatives aimed at enhancing their rights, services and community inclusion.
Abu Dhabi Crown Prince to lead UAE delegation at AI Impact Summit in India

On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, will lead the UAE delegation to the India AI Impact Summit in New Delhi from February 16 to 20.

News

New UAE, Bahrain fast-track travel system takes off
The UAE has announced the launch of the pilot phase of the 'One-Point Air Travellers' project with Bahrain, aimed at making travel faster and more convenient for citizens of both countries.
Dubai adjusts paid parking hours for Ramadan
Paid parking zones in Dubai will operate on a two-shift system from Monday to Saturday during Ramadan.
Dubai's Al Jalila Foundation unveils cancer support fund
Dubai has launched a new cancer fund to support patients undergoing treatment and help ease their financial burden.

Access to funds deters innovation, study finds

More from Local News

News

Our Shows

Quick Links

Listen on the Go

Access to funds deters innovation, study finds

Share

More from Local News

News

Our Shows

Quick Links

Listen on the Go