Small and Medium Enterprise (SME) confidence in the UAE is on the rise and the countrytopped the inaugural Mastercard MEA SME Confidence Index in the Middle East and North Africa.
The Mastercard SME Confidence Index found that 88% of SMEs in the UAE are optimistic about the next 12 months. Of those who were surveyed, nearly two-thirds (66%) are projecting revenues that will either grow or hold steady.
As many regional economies gradually enter the normalisation and growth phase, and social restrictions continue to ease, small and medium sized businesses in the UAE have identified easier access to funding (40%), acceptance of digital payments (34%) and training and upskilling staff (34%) as the top three drivers for growth.
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