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COVID-19 blow harder on smaller companies
KUWAIT CITY, Dec 19: COVID- 19 has devastated small businesses around the world with millions of small business jobs vulnerable, and firms with fewer than 100 employees the hardest hit. Although statistics on the contagion differ for countries and regions, the severe economic effect of the pandemic is undeniable. Economies are in shambles, with no sign of immediate relief.
(Left) THHABA’s Abrar Alebrahim at work (Right) Jassim Al Saddah of Babnimnim Design Studio
Kuwait is no exception. Business in Kuwait is impacted with personal service, hospitality and retail most badly hit. The blow has been harder on smaller companies lacking cash flow and capital. Small and medium enterprises (SMEs) in Kuwait operating under social distancing are facing diverse challenges, including dwindling staff and customers. The F&B sector is badly hit. Al Anba mentions that around 30 per cent of restaurants and cafes in Kuwait have permanently shu ....

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