Panorama - UAE payments survey : slight payment delays expected, due to slower growth
At a time when businesses are facing a decline in demand and liquidity issues, a sharper look into payment behaviour is a must. Through the initiative of Coface, a world leader in trade credit management and risk information services, a credit Opinion survey across the UAE was rolled out in order to map out major shifts and prevailing trends in company payments.
The method was strategic and the objective was fundamental: to study how businesses make and receive payments, generating a wealth of economic data and market insights that can support stakeholders in making betterinformed decisions. The diversified economy of the UAE has weath-ered the volatility of a difficult year, with experts reporting signs of strong recovery. Today, at a time when businesses are getting back on track, revisiting credit policies and realigning strategies, a knowledge of key payment trends comes in handy.