Vikram Venkataraman, Special to Gulf News

Articles from the author

What family business owners should be asking

Owners and managements of family businesses must engage in soul searching

Every business owner knows the merits of succession planning. But they should be finding answers for a raft of possible scenarios.

UAE businesses must speed up UAE National hiring

Organisations must roadmap a clear hiring strategy to meet and exceed government targets

The recruitments of UAE Nationals across the private sector is picking up serious speed. The candidates will still need defined career pathways and incentives to match.

A dedicated bank for SMEs – why not?

Sure, legacy banks do offer extensive SME lending, but time is right for something extra

Assigning priority lending status for SMEs will change the rules of the game.

UAE SMEs have fast-track ways to press legal claims

DIFC Courts can make decisive interventions to ensure contracts are honoured

Small and mid-sized businesses can seek redressal through DIFC Courts. And this can be done in a way that does not burden the claimant financially.

Picking and choosing winners among UAE businesses

Banks have tough task to list those businesses they can pull back from the brink

Banks in the UAE will have a decisive say in setting businesses agenda for the coming months. They will also have a say on their chances of winning or surviving.

UAE SMEs need a full-on revival plan

Even if one or two key changes are effected, it wouldn’t be much of a help

A leg up is all that UAE's small and medium businesses are asking for. A few changes in the regulatory and licensing regime would be a big help.

UAE’s financial markets need to broaden its debt space

Banks should not be sole option for businesses requiring ready access to funds

There are so few debt offerings in the local capital market, and this could do with some immediate correction.

Making sure relief funds reach the intended

Businesses who owed banks before COVID-19 are best placed to cope with the crisis

Who has first dibs on the promised funds will be dictated by past relationships with the banks. It's a fact of life.

Reviving a virus-inflicted economy begins now

Banks in UAE should stop wasting time in bureaucratic processes and get funds out

Much rests on UAE's banks getting funds released to intended parties at the earliest. That's what they should prioritise as well.

New accounting rules provide no luxury of time

Tougher norms require banks to immediately make it known in their books

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UAE businesses need to crack payment muddle

Mounting delays are clogging up all avenues to instant and vital funds

UAE businesses need to crack payment muddle

UAE banks should scrutinise clients

Better oversight would prevent the brazen ways some businesses misuse funds

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