Arab Today, arab today dubai expects brisk business in winter
Last Updated : GMT 08:26:09
Arab Today, arab today
Arab Today, arab today

Dubai expects brisk business in winter

Arab Today, arab today

Arab Today, arab today Dubai expects brisk business in winter

Dubai - Arabstoday

Businesses in Dubai look forward to closing the year 2012 on a high note, according to the latest quarterly business survey conducted by the Department of Economic Development (DED) during July-September 2012. The composite Business Confidence Index in Dubai rose to more than 122 points during the third quarter of the year, an increase of over 15 percent on the previous quarter and 6.5 percent on the same quarter of 2011. High levels of activity expected during the fall was a key factor keeping businesses buoyant on sales and profits. Nearly 68 percent of the businesses see stronger results during the final quarter of 2012, while 22 percent expect stable outcomes. Expectations are the highest among manufacturing firms. A high level of optimism is reported by services and trading firms too due to the impending festive season and growing inbound tourist traffic. Overall business sentiment during the third quarter also reveals that 45 percent of companies saw no notable business challenge, reflecting an improvement in the perception of the business environment in Dubai. “It is now clearly established that business in Dubai is in full swing and growth is here to stay. The overall business sentiment and expectations for the rest of the year shows that the sectors key to Dubai’s economy are set to perform remarkably well and fuel growth,” said Sami Al-Qamzi, director-general, DED. “The measures being implemented by Dubai to shore up investor confidence and facilitate economic activity have had a profound impact as is evident from the inputs businesses provided in the latest quarterly survey,” Al-Qamzi added. Dubai’s persistent focus on small and medium enterprises (SMEs) and on building export capabilities among local businesses also appears to produce rich returns. SMEs expressed higher optimism on sales, revenues, volumes and profits than large companies while exporters have higher expectations on almost all counts compared to domestically-focused firms. Mirroring the rising expectation on sales, 63 percent of the companies are planning to increase their new purchase orders in the next quarter. The manufacturing sector expects higher sales volume than other sectors, with 78 percent expecting rising sales in the next quarter, compared with 67 percent in the previous quarter. Within the services sector, construction-related firms are the most optimistic as they expect new projects from local as well as regional markets. Among the service sub-sectors, advertising firms anticipate more business in the fourth quarter, compared to the second and third, as demand for advertisements and promotions go up during the festive season. Businesses also painted a stable picture of the employment situation with 94 percent determined to maintain their current workforce and a further six percent planning to hire additional workers in Q4 2012. None of the businesses expect to decrease their workforce. The overall assessment for Q4 2012 is that business will get better, with 95 percent expecting either improvement or stability in comparison against 85 percent only in Q3 2012. The investment outlook for Q4 is also stable compared to the outlook in Q3, with large companies expressing more interest in expanding their productive capacity than SMEs. Challenges cited by businesses in the third quarter were almost similar for SMEs as for larger enterprises. While competition remains the top challenge, insufficient demand, cost of raw materials and government fees follow in that order. DED conducts the quarterly surveys to measure the perceptions of the business community and capture the business outlook for the future. The survey serves as an effective tool for measuring the pulse of the business community and allowing the government and the private sector to track and analyze major trends and issues that have a bearing on business in Dubai. A total of 520 companies in Dubai were covered in the survey. 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. Conducted in collaboration with the global consultancy firm Dun ‘&’ Bradstreet (D’&’B), the quarterly survey uses a rigorous sampling approach that ensures adequate representation of small, medium, and large enterprises across the manufacturing, trading, and services sectors, while giving due attention to the perceptions of the exporting firms in Dubai. From ArabsNews

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 expects brisk business in winter Arab Today, arab today dubai expects brisk business in winter

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
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 Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
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 Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
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 Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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