Arab Today, arab today manufacturing service sectors to increase workforce
Last Updated : GMT 21:09:45
Arab Today, arab today
Arab Today, arab today

Manufacturing, service sectors to increase workforce

Arab Today, arab today

Arab Today, arab today Manufacturing, service sectors to increase workforce

Dubai - Arabstoday

Private sector organisations in Dubai could start expanding and hiring people during the third quarter, a report said. Performance of business sectors in Dubai was stable in the second quarter of 2011, while the outlook for the third quarter remains positive, the Department of Economic Development in Dubai (DED) said. A DED survey, which polled 500 on-shore and free zone companies across Dubai, took into account overall business performance and future outlook based on key indicators such as sales, revenues, wholesale and retail prices, volumes, profits, and number of employees. It illustrated that sales revenues were stable in the second quarter compared with the first, while there is a strong positive expectation of more recruitment and expansion in Dubai. Article continues below The survey also revealed that companies in the manufacturing and services industries are planning to increase their workforce in 2011, while trading companies intend to maintain the same level of employment as the first quarter. \"The perceptions of the business community provide the most realistic assessment of the prevailing business outlook and climate,\" said Sami Al Qamzi, Director General of DED. \"Dubai\'s status as a competitive business hub is set to grow stronger judging by the positive findings of this survey.\" Mohammad Al Asoomi, a UAE economist, said he was satisfied with the results, adding that he was optimistic about growth in trade sector, the main driver of economy, in the third quarter of this year. \"Dubai is witnessing a remarkable economic performance in the financial, commercial and tourism [sectors],\" he said. \"The political tension in the region, the increase in local demand as well as the hike in prices will soar with trade volume and value and maintain Dubai as an ideal business hub.\" He remarked that as long as oil price is above $100 [367.31] per barrel, economic growth in the UAE would continue. Irfan Al Hassani, a UAE-based economic expert, agreed. \"I am very optimistic about business performance in Dubai in the next coming months,\" he said. \"The economic cycle of the UAE in general is getting back to normal, as well as the latest encouraging business results in Dubai is quiet useful to bring confidence back to the market and it could be the dynamic engine for business to go ahead .\" Al Hasani stressed the importance of adequate representation for small and medium-sized enterprises (SMEs) in Dubai, which have vital role in capturing new businesses. But Jitendra Gianchandani, Chairman and Managing Partner of Jitendra Consulting Group, told Gulf News that it was too early to talk about economic and business growth for Q3 of 2011 given the slow pace of Q1. \"The challenges we faced in the last few years [remain],\" he said. The survey found that small and medium enterprises (SMEs) and export -oriented firms have recorded stability in sales revenue in the current 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 manufacturing service sectors to increase workforce Arab Today, arab today manufacturing service sectors to increase workforce

 



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 Egyptian tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Egyptian 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 Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
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 Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

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