Friday 30 August 2013

UAE start-ups still need help on funds - The National

UAE start-ups still need help on funds - The National:

"While start-ups are benefiting from a more positive economic environment in Dubai, getting financing to grow their businesses remains an obstacle.

Economic growth and business sentiment are high according to three reports out this month. And earlier this year, the World Bank's Ease of Doing Business report ranked the UAE 26th among 183 countries, making it the forerunner in the Arab world.

These were also strong indicators for the small and medium enterprises (SME) sector that benefits most from a sound economic environment, said Neil Petch, the chairman of Virtuzone, a Dubai-based business that helps companies to set up."

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