SME World

The crucial role that SMEs play in the UAE economy was highlighted during a closing session of the first day of Sharjah Foreign Direct Investment Forum (Sharjah FDI Forum 2016), which concluded on Wednesday at the Al Jawaher Reception and Convention Centre in Sharjah.

Looking for a pink tutu for your dog’s ballet recital? Or a ‘hand-crafted golden Aladdin lamp’- hopefully to summon Genie and make all your wishes come true?

SMEs are a crucial component for sustainable economic growth in the GCC post the oil price decline but need to overcome key challenges to succeed. The finding comes from the latest research by BLOOVO.COM on the role SMEs play in catalysing economic success across the region.

Expo 2020 Dubai – the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region – has announced that 20% of the Expo’s total direct and indirect spend, representing more than US$1.36 billion in contracts, will be allocated to Small and Medium Enterprises (SMEs), both local and international.

E-Businesses constitute one among the fastest growing businesses in the UAE, with more and more UAE residents and national investing in the e-commerce realm. Currently, UAE leads the GCC in e-commerce growth and in 2015, the number of B2C e commerce in the MENA region reached an estimated height of $15 Billion rising from $9 Million from 2012, according to recent surveys from Frost and Sullivan and web-design company Go-Gulf.