Tribal Credit reveals MENA companies’ spending priorities at different growth stages

Tribal Credit reveals MENA companies’ spending priorities at different growth stages

Dubai/Cairo: Tribal Credit has highlighted local enterprises' most significant spending categories based on corporate card spending data from small, medium, and emerging businesses tracked over the last year.

As businesses develop throughout the region, their expenditures are becoming more important to economic growth.

Despite the relaxation of COVID-19 restrictions, 9 out of 10 purchases were made online in recent months, reflecting the shift toward that e-commerce and online shopping.

As shown by Tribal data, online advertising was the category where companies in various stages of development spent the most during this period, further demonstrating the long-term growth of online sales.

For companies and advertising service providers, payments for digital campaigns with cards streamline the payment process, control of expenses and the relationship with platforms.

The second largest expenditure on corporate cards was for freight services and logistics, primarily for imports and exports. Growing e-commerce provides companies in various stages of development with an excellent opportunity to expand to additional markets, which has become increasingly important with the growth of e-commerce.

Lastly, companies spent the third highest amount on technology and computing infrastructure, such as hardware, software, and programming services. Digital infrastructure spending shows that companies continue to adapt their operations to the digital economy.

In MENA, tribal