Businesses in Dubai are confident about closing the year on a strong note.
According to the Department of Economic Development’s quarterly survey, more companies are expecting an increase in sales revenues and volumes over the coming months.
The services, travel & hospitality sectors are the most optimistic ones, while large firms are more upbeat compared to SMEs.
The high confidence level is mainly driven by a rise in new projects and the optimism surrounding Expo 2020 Dubai.
Meanwhile, companies have cited a delay in payments and rising competition as the major challenges they’ve been facing.
Nakheel awards contract to upgrade western shoreline at Dubai Islands
UAE and Thailand conclude trade deal talks
Abu Dhabi unveils major AI training programme for government and public
IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billion
African Union launches continent's first credit rating agency
