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

UAE, French Presidents discuss strategic ties and regional security

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron have discussed ways to further strengthen strategic ties, with a focus on investment, energy, advanced technology and artificial intelligence.
UAE bans use of antibiotic ciprofloxacin for animals

The UAE will ban the use of the antibiotic ciprofloxacin in animals from November 1, to help preserve its effectiveness in treating people.
Online insults can lead to jail and AED 500,000 fine, Dubai authorities warn

Insulting or defaming people online can lead to prison and fines of up to AED 500,000 under the UAE law, Dubai Police has warned.
Gargash praises Dubai ruler's message of togetherness to Gulf people

Dr Anwar Gargash, Diplomatic Adviser to the UAE President, has praised a message from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to the people of the Arab Gulf.
UAE condemns Israeli settler attack on European diplomatic delegation

The UAE has strongly condemned an attack by Israeli settlers on a European diplomatic delegation visiting the village of Taybeh in the occupied West Bank.
UAE President receives Emmanuel Macron on official visit

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received French President Emmanuel Macron, who arrived in the country on an official visit.
Arab Media Award invites entries for 26th edition

Submissions for the 26th edition of the Arab Media Award will open on Tuesday, October 20, with entries accepted until March 1, 2027.
Marwah Fadel named first head of UAE’s public-run authority

Sheikh Zayed bin Mohamed bin Zayed Al Nahyan, Chairman of the Community-Managed Virtual Authority, has appointed Marwah Fadel as the authority’s first Director-General.
UAE carriers extends Saudi flight cancellations

Etihad Airways and flydubai have both extended their flight cancellations to Saudi Arabia until October 24 due to the regional disruption.
Sheikh Abdullah and Russia’s Lavrov discuss regional developments

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has discussed regional and international developments in a phone call with Russian Foreign Minister Sergey Lavrov.
Sheikh Abdullah and UK’s Miliband discuss Middle East developments

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has discussed the situation in the Middle East in a phone call with Ed Miliband, the United Kingdom’s Secretary of State for Foreign, Commonwealth and Development Affairs.
UAE President meets Saudi Defence Minister in Abu Dhabi

UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan has held talks with Saudi Arabia's Defence Minister Prince Khalid bin Salman bin Abdulaziz Al Saud to discuss regional developments.
UAE expresses solidarity with Saudi Arabia after death of two officers in helicopter crash

The United Arab Emirates has expressed its solidarity and sincere condolences to Saudi Arabia following the death of two officers in the crash of a reconnaissance helicopter in the Najran region.
Over 9,000 e-scooters seized in Abu Dhabi under road safety efforts

Abu Dhabi Police have seized 9,237 electric scooters over the past ten months for traffic violations, as part of ongoing campaigns to tighten security measures and improve road safety.
H.H. Sheikh Mohammed seeks out next Arab Hope Makers

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the seventh cycle of the Arab Hope Makers, aiming to seek out "people of goodness and creators of kindness in communities".
Dubai announces completion of over 107 projects worth AED1.6 billion in 2026

Dubai Municipality has announced the completion of over 107 transformative urban development projects worth a combined AED1.6 billion in 2026.
Dubai Police responds to more than 5,500 rescue missions in 2025

Dubai Police has announced it responded to 5,732 rescue missions in 2025, with an average response time of 5.6 minutes.
UAE discusses regional developments with Qatar, Oman

The United Arab Emirates discussed regional developments in separate phone calls with Qatar and Oman.
Sheikh Abdullah discusses regional developments with Kuwaiti FM in phone call

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has discussed the latest regional and international developments in a phone call with his Kuwaiti counterpart, Sheikh Jarrah Jaber Al Ahmad Al Sabah.
Burj Khalifa, Mubadala Tower light up for Abu Dhabi Grand Prix countdown

Dubai's iconic Burj Khalifa and Abu Dhabi's Mubadala Tower have lit up to mark the 50-day countdown until the 2026 Formula 1 Etihad Airways Abu Dhabi Grand Prix.

News

UAE, French Presidents discuss strategic ties and regional security
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron have discussed ways to further strengthen strategic ties, with a focus on investment, energy, advanced technology and artificial intelligence.
UAE bans use of antibiotic ciprofloxacin for animals
The UAE will ban the use of the antibiotic ciprofloxacin in animals from November 1, to help preserve its effectiveness in treating people.
Online insults can lead to jail and AED 500,000 fine, Dubai authorities warn
Insulting or defaming people online can lead to prison and fines of up to AED 500,000 under the UAE law, Dubai Police has warned.

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