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Closer to home, an Economic Bulletin on the US-China trade war by the Dubai Chamber of Commerce says that the UAE, and some other GCC countries are “very well positioned” to gain a larger market share in the Chinese market for select products on the list such as petrochemicals and polymers, such as polyethylene, polycarbonate and acrylonitrile, along with liquefied propane. The tariffs could also have a positive impact on UAE producers due to higher demand from China. Meanwhile, with the UAE's role as a major transshipment point, the trade war also presents an opportunity for SMEs in the Emirates and wider Middle East region who function as the main importers and re-exporters of Chinese goods.
During the early startup phase, successful entrepreneurs found the so-called product-market-fit, where they identified and validated the problem statement, the value of the proposed product, the customers that will buy […]
Taking that first step and setting up your own business is exciting and challenging at the same time. In the UAE, would-be entrepreneurs often face a number of obstacles before they decide to take the leap. They may worry about the financial investment, the time they will have to dedicate to the business, and they’d also doubt their own success. But once those have been dealt with, entrepreneurs reach the next stage where they are full of energy and want to get started right away, which, in some cases at least, can mean rushing into things without adequate planning, and then having to pay the price when things need to be “fixed” or redone later on.
The Business Registration and Licensing section in Dubai's Department of Economic Development, (DED) issued 2,805 new licenses during April 2019, a growth of 60 percent compared to April 2018.