SMEs in the Emirates struggle to cope as oil fall bites | The National:
"Small and medium-sized enterprises in the UAE felt the heat from the plunge in the price of oil in the third quarter amid belt tightening as payment collection and raising finance became more difficult, according to a survey by Gulf Finance.
SMEs are also grappling with a slowdown in orders, and they cited a drop in the third quarter compared to the second quarter, Gulf Finance, the financing unit of the Dubai-based investment bank Shuaa Capital, said in the survey results published today.
Looking ahead, Gulf Finance’s chief executive said the lull in the price of oil, a key driver of growth in the Middle East, may yet dampen business confidence some more."
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