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UAE Leads Global Entrepreneurship Rankings For Fourth Year Running

by THEFUTURE.TEAM

April 4, 2025

The United Arab Emirates (UAE) has once again cemented its position as the world’s premier destination for entrepreneurs, securing the top spot in the Global Entrepreneurship Monitor (GEM) Report 2025. For the fourth consecutive year, the UAE outperformed 56 economies, ranking first among high-income nations across 11 of 13 key indicators.

A Global Leader In Entrepreneurship

The report highlights the UAE’s unparalleled business environment, crediting its leadership in entrepreneurial finance, access to funding, pro-business government policies, and regulatory ease. Additionally, the country excelled in fostering an innovation-driven economy through government-backed entrepreneurship programs, education initiatives, and research and development (R&D) support. The nation’s commercial infrastructure and cultural support for entrepreneurship further reinforce its dominance on the global stage.

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Alia bint Abdullah Al Mazrouei, UAE Minister of State for Entrepreneurship, emphasized that this achievement reflects the country’s long-term vision and leadership’s commitment to nurturing a thriving startup ecosystem. “Our continued top ranking reaffirms the UAE’s position as the leading global hub for entrepreneurship and SME growth,” she stated.

Driving Innovation And Investment

The UAE’s commitment to fostering entrepreneurship is evident in its robust policies and financial incentives. The government has invested $8.7 billion to support innovation and SME growth under the ‘Projects of the 50’ initiative. Additionally, the introduction of 100% foreign ownership laws and a record surge in foreign direct investment in 2023 have solidified the country’s appeal to global entrepreneurs and investors.

Entrepreneurial Mindset And Ambition

Beyond policy and investment, the UAE’s entrepreneurial culture continues to thrive. According to the report, 67% of UAE adults personally know an entrepreneur or believe they have the skills to launch a business. Furthermore, 70% of Emiratis see strong business opportunities, while 78% of new entrepreneurs prioritize social and environmental impact alongside profitability.

Startups in the UAE are scaling aggressively, with 75% of early-stage entrepreneurs planning to expand their workforce to at least six employees within five years. The adoption of digital technology is also a priority, with 80% of startups integrating tech into their operations. Additionally, 55% of entrepreneurs are focused on international markets, reinforcing the UAE’s role as a global business hub.

Vision 2031: A Blueprint For Growth

The UAE’s entrepreneurial success aligns with its ambitious “We the UAE 2031” vision, which aims to establish one million SMEs by the next decade. The country’s ranking as the world’s top entrepreneurial ecosystem under the GEM’s National Entrepreneurship Context Index (NECI) further underscores its commitment to fostering innovation, investment, and business growth at every level.

With its unmatched infrastructure, forward-thinking policies, and strong investor confidence, the UAE is not just a leader in entrepreneurship—it’s setting the standard for the future of global business.

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Price Shifts: Temu And Shein React To Upcoming Tariffs

by News Editor

April 27, 2025

The online shopping world experienced a jolt as Temu and Shein, popular e-commerce platforms, recently adjusted their prices due to impending tariff changes. These platforms, known for offering budget-friendly options, have echoed with changes that might surprise many shoppers.

What Sparked the Price Hike?

Effective next week, a significant tariff will impact goods imported from China. This tariff follows the expiration of the “de minimis” exemption on May 2. This exemption previously allowed American shoppers to skip tariffs on items valued under $800. The new tariff demands a 120% fee or a flat $100 per postal item, increasing to $200 come June 1.

For instance, Temu’s two patio chairs jumped from $61.72 to $70.17 overnight, while a bathing suit on Shein saw a 91% surge in price. Yet, the price landscape isn’t consistently upward; a smart ring on Temu dropped by $3.

Implications for Consumers

Due to economic shifts and evolving trade rules, both Shein and Temu emphasized their efforts to maintain quality and affordability despite costlier operational expenses. They advised consumers to shop before April 25 to dodge the upcoming hikes, though it’s uncertain if this timing affects the 120% tariff applicability.

Impact on Lower-Income Households

The discontinuation of the “de minimis” exemption is poised to hit lower-income families hardest. Reports indicate these households spend a higher income proportion on apparel, and this change could burden them further.

Further economic insights highlight how industries adjust to challenges, such as in the face of AI-driven changes, potentially offsetting emissions concerns with economic gains.

For buyers and businesses alike, the shifting sands of trade laws call for adaptability and forethought.