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Navigating through turbulent times

Volatility in global markets remains, presenting new challenges to businesses both locally and internationally.

A survey conducted as part of the Grant Thornton International Business Report (IBR) H1 2022 illustrated that businesses in the UAE reported cost increases ranging between 14-18% for energy and utilities, raw materials, wages, equipment, bank and interest costs and taxes. As a result, companies are trying to protect their margins where possible through price increases. Where this is not possible, both profitability and liquidity are adversely impacted.