Introduction
Against the current economic and political landscape of the world today rising interest rates, higher inflation and increased costs across supply chains, geopolitical uncertainties caused by conflicts in Europe and the Middle East, and the ongoing trade tensions between global superpowers such as the US and China companies operating in the global markets are under increasing financial pressure.
Gulf nations, such as the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) have raised their interest rates in line with the United States (US) in a bid to tackle raising inflation. This increased cost of capital, together with the suspension of the support schemes provided to companies in the aftermath of the outbre…
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