Virtual Office<\/a> under the government for business enterprises that were thriving but are facing a very bad time.<\/p>\nGoverning Regular Interface:<\/strong> Inaugurate regular interface between relevant government departments and the Emirati business for joint problem identification.<\/p>\nIncrease Local Procurement:<\/strong> Increase government purchases from Emirati businesses to drive growth and development.<\/p>\n","protected":false},"excerpt":{"rendered":"A group of Emirati entrepreneurs has identified ten critical measures needed to fully support small and medium-sized enterprises owned by Emiratis by 2025. The top item on the list is a call for banks to improve financing options for Emirati businesses and reduce the high-risk percentages currently associated with such loans. According to entrepreneurs, banking institutions fail in their efforts at supporting local economies since risk ratings have reached such levels as high as 70%. High-rated risks are problematic for SME financing and growth since they do not qualify for that amount of borrowing. They also demanded a more facilitative government tendering process that would help the local Emirati businesses to become more competitively ahead. Entrepreneurs also recommended that more government expenditure should be allocated to the country’s products and services. In addition, they emphasized that the government fees levied on the Emirati-owned firms must be decreased with the rest of the stimulus measures in 2025. Insights by Emirati Entrepreneurs Ibrahim bin Shaheen Ibrahim bin Shaheen quoted the dire need of banks to reduce the risk percentage on loans for national companies. He said that, currently, banks have used the same risk percentage of up to 70% for Emirati companies…<\/p>\n","protected":false},"author":25,"featured_media":28845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[628],"tags":[],"class_list":["post-28844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/comments?post=28844"}],"version-history":[{"count":1,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28844\/revisions"}],"predecessor-version":[{"id":28846,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28844\/revisions\/28846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/media\/28845"}],"wp:attachment":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/media?parent=28844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/categories?post=28844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/tags?post=28844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}