UAE: 72 Percent of B2B Invoices Is Overdue

UAE: 72 Percent of B2B Invoices Is Overdue

With an economy struggling from the collapse in oil prices and major sectors, such as trade and tourism, hit by the pandemic, 53% of respondents in the UAE said they were concerned about a deterioration in the payment practices of B2B customers and a spike in long overdue invoices in the coming months.. The proportion of credit-based B2B transactions in the UAE at 64% is significantly higher than the 56% average in Asia, pointing to the pivotal role that trade credit plays in the country.. "To face the growing challenges highlighted in the survey findings, it is essential for UAE businesses to protect their company liquidity from unrecoverable trade receivables..