Arab Today, arab today expo 2020 fuels confidence of dubai\s growth
Last Updated : GMT 15:44:46
Arab Today, arab today
Arab Today, arab today

Business community more optimistic

Expo 2020 fuels confidence of Dubai\'s growth

Arab Today, arab today

Arab Today, arab today Expo 2020 fuels confidence of Dubai\'s growth

Expo 2020
Dubai - Arab Today

Expo 2020 Businessmen are looking more bullish in Dubai as Expo 2020 is attracting more new projects that are fuelling large companies' confidence significantly. The Dubai business community has been significantly more optimistic during the first quarter of 2014 compared to the same period of the previous year. Optimism is especially high among manufacturing and services firms, according to the quarterly business survey conducted by the Department of Economic Development, or DED.
The composite Business Confidence Index for Dubai stood at 135.5 points in the March quarter of 2014, an increase of 22.4 points from the same quarter in 2013. New projects expected as a result of Expo 2020 are driving positive perceptions.
Following on from the previous quarter, large companies continue to have a stronger outlook compared to small and medium firms, as indicated by their corresponding index scores of 141.6 and 126.4, respectively. Large companies are more optimistic than SMEs on all the parameters recorded in the survey.
From a sectoral perspective, optimism with respect to selling prices, volumes and new purchase orders is the highest within the manufacturing sector, while optimism on hiring plans and net profits is the highest amongst service firms.
Selling prices are largely expected to be stable, with 73 per cent of the respondents expecting "no change” while seven per cent expect a decline due to stiff competition in the market as well as the effect of seasonal downturn associated with the second quarter.
With prices largely expected to remain stable, the revenue increase estimates are largely driven by an expected increase in volumes. Respondents forecasting an increase in sales volumes during the second quarter of 2014 accounted for 63 per cent as against 54 per cent in the previous year.
In line with the expectations for sales volumes, 62 per cent of the respondents forecast an increase in new purchase orders in the second quarter of 2014. With respect to net profits, 54 per cent are expecting an increase on the back of improvement in demand for their products, whereas 10 per cent foresee a decline citing slowdown in business conditions and a decline in demand.
The businesses surveyed are more confident on hiring as compared to the same period last year but less confident compared to the previous quarter — 30 per cent intend to increase their staff count in the second quarter 2014 compared to 23 per cent in the same period in 2013 and 39 per cent in the first quarter of this year.
The manufacturing sector retains its lead with respect to expectations in terms of volumes sold, with 69 per cent firms expecting an increase in sales volumes in the next quarter.
Within the services sector, firms in the construction, architecture and real estate sub-segment are extremely confident with respect to volumes of sales in the second quarter of 2014. On the other hand, expectations are subdued in the hotels and restaurants segment, mainly due to the impact of summer on tourist inflows and events.
Transportation firms maintain a strong outlook, with 65 per cent looking forward to better volumes accentuated by a growing population, rising construction activity, increasing trade (exports and imports) and a booming economy. Within the trading sector, building and construction, food and beverages, electronics and auto spare parts firms are particularly optimistic due to new contracts expected in the coming quarter.
The DED conducts the quarterly surveys as an effective tool to measure the pulse of the business community and allow the government and the private sector to track and analyse major trends and issues that have a bearing on economic activity in Dubai.
A total of 502 companies in Dubai were covered in the survey during the first quarter of 2014. The companies were asked to indicate if they anticipated an increase, decrease or no change in key indicators such as sales revenues, selling prices, volumes sold, profits and number of employees.
Source: Khaleej Times

arabstoday
arabstoday

GMT 13:23 2017 Monday ,25 September

ABB to acquire GE Industrial Solutions

GMT 10:32 2017 Monday ,25 September

China rust belt opens door wider to foreign investors

GMT 15:23 2017 Sunday ,24 September

Saudi Arabia to include low-cost Flyadeal

GMT 08:17 2017 Sunday ,24 September

Brexit weighs heavy at Irish farming fair

GMT 08:07 2017 Sunday ,24 September

Petrol prices pumped up in Pyongyang

GMT 08:45 2017 Saturday ,23 September

Russia keen on more OPEC cooperation
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today expo 2020 fuels confidence of dubai\s growth Arab Today, arab today expo 2020 fuels confidence of dubai\s growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today expo 2020 fuels confidence of dubai\s growth Arab Today, arab today expo 2020 fuels confidence of dubai\s growth

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday