UAE BUSINESSES MUST FIND WAYS TO NAVIGATE COSTS: New orders are streaming in for UAE businesses, and summer is setting up nicely for travel and tourism focussed companies to ride the boom in demand. But the ‘Big C’ is what’s spoling the mood from turning more bullish. The ‘Cost’ of operations is what’s turning out to be quite the concern for business owners, even as those related to logistics costs start subsiding. The back-to-back hikes in interest rates had still come as a jolt, even though such a move was made clear well in advance. As always, it’s the smaller enterprises that will struggle against narrowed down access to loans, and they must find ways to keep paying off their existing obligations. Careful navigation through the cost spiral needs some clear thinking. [COMMENT BY: Manoj Nair, Business Editor]
Dubai Media office