Arab Today, arab today dubai firms upbeat on q2
Last Updated : GMT 13:35:08
Arab Today, arab today
Arab Today, arab today

Dubai firms upbeat on Q2

Arab Today, arab today

Arab Today, arab today Dubai firms upbeat on Q2

Dubai - Arabstoday

Businesses across Dubai remain upbeat on growth and revenues in the second quarter, with a majority of employers intending to retain their employees, according to a latest survey conducted by the Dubai Department of Economic Development, or DED. The manufacturing sector was the most optimistic, followed by the services and trading industries, the survey revealed. The composite Business Confidence Index, or BCI, for Dubai stood at 120.5 points, indicating an optimistic outlook for the second quarter. BCI crossing 100 points is seen as indicative of a positive sentiment within the business community. “For a businessman or investor planning his next step, it is important to know what his peers think. Particularly in a competitive business hub like Dubai, where intelligent and informed decision-making can make a big difference, it is critical to understand that thought process and its key drivers,” DED director-general Sami Al Qamzi said in a statement. A majority of businesses in Dubai foresee sales increasing or remaining steady, and plan to retain their employee count through to the second quarter. The survey also reveals an even brighter outlook among export-related businesses, rising confidence among small and medium enterprises, or SMEs, and a stronger investment focus on upgrading technology. “The Business Confidence Index of the DED provides a reliable source of information on the trends and expectations ruling business and investment in Dubai. All categories and sectors of business are included in the quarterly surveys to make the index a comprehensive and authentic reference,” Al Qamzi said. Continuing the trends of the last few quarters, sales are forecast to increase in the next quarter too, driven by sales volumes. However, a few companies intend to raise their prices following the rise in the cost of raw materials across global markets. Higher sales revenues are predicted by 50 per cent of the companies while 35 per cent see no change compared to first quarter of 2012. Profit expectations are also positive, with 44 per cent of the respondents expecting an increase in the next quarter. The survey showed manufacturing as the most optimistic sector, with positive outlook extending across all key parameters, such as sales volume, selling prices, profits, employees. The service sector is close behind while trading has a comparatively lower overall outlook. In addition, exporters in Dubai were seen to have a more positive outlook on sales performance, new purchases and profits compared to non-exporters. Even though expectations are similar on sales volumes among SMEs and their larger counterparts, large businesses are more optimistic about profits for the coming quarter. Large businesses are also relatively more positive on employment outlook. On an overall basis, the outlook for employment continues to be stable with 74 per cent of businesses expecting no change in their head count in the second quarter of 2012. However, manufacturing and service firms plan to increase their workforce in the coming quarter.

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 dubai firms upbeat on q2 Arab Today, arab today dubai firms upbeat on q2

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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