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 UAE

Sharjah Police foil two cocaine smuggling operations, seize 17kg

Sharjah Police have disrupted two cocaine smuggling operations, one domestic and one international, seizing a combined 17 kilograms of the drug and arresting several suspects linked to a multi-country trafficking network.
UAE 'an exceptional model' in developing AI policies, says Omar Al Olama

The UAE’s proactive approach to regulating and deploying artificial intelligence was in focus at BRIDGE Summit 2025 on Wednesday, where the Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, warned that industries and nations hesitant to adopt AI risk being left behind.
Sheikh Mohammed honours Egyptian professor with 'Great Arab Minds' award

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has congratulated Egyptian professor Abbas El Gamal for winning the Great Arab Minds award.
UAE announces $550 million for UN’s 2026 Global Humanitarian Overview

Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE has announced a pledge of $550 million to support the UN’s Global Humanitarian Overview (GHO).
UAE bans travel to Mali, urges nationals to return

The UAE has imposed a travel ban on Emiratis travelling to Mali following "concerning developments", urging those currently in the country to return at the earliest opportunity.

On Virgin Radio today

The Night Show with Jacob Cummings
7:00pm - 10:00pm

End the day with Virgin Radio turned loud.
Fusion with Eddie
10:00pm - Midnight

Stay up late with a cutting edge look at world music.

Trending on Virgin Radio

Talent Takeover
For one morning only, you could host the UAE’s biggest radio show, The Kris Fade Show - live across the nation.
Bassem Youssef
One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...
Regional Artist Spotlight Podcast
Hear Maz & James chatting to the featured artists every month with Flash Entertainment.
Will Smith & Martin Lawrence: Bad Boys: Ride or Die
From taking us down memory lane to a possible BAD BOYS 5 in Dubai?