Arab Today, arab today ‘traders foresee strong business outlook’
Last Updated : GMT 16:55:50
Arab Today, arab today
Arab Today, arab today

‘Traders foresee strong business outlook’

Arab Today, arab today

Arab Today, arab today ‘Traders foresee strong business outlook’

Dubai - Arabstoday

Stronger optimism among exporters, manufacturers and a number of retailers gearing for busier days ahead are the highlights of the latest quarterly business survey conducted by the Department of Economic Development (DED). The survey reveals that half of the businesses in Dubai expect the third quarter of 2012 to bring in increased sales and profits while 20 per cent see stable sales. Sales expectations are especially higher among small and medium enterprises (SMEs) but large companies lead in comparison when it comes to investment outlook for the year ahead. At 106 points, the composite Business Confidence Index (BCI) points to positive business sentiments, although it is lower than the level recorded for the previous quarter. The decline is an expected fallout of the summer holidays and onset of Ramadan, which businesses factor into their estimates. In general, the business outlook for the third quarter of 2012 reflects expectations of improved sales and profits. At the same time, prices of most goods and services are expected to remain stable, compared to the second quarter. Sami Al Qamzi, Director General of the Department of Economic Development, commented: “DED launched the quarterly surveys to provide an objective assessment of the conditions and environment in which businesses in Dubai operate and plan their activities. The surveys have now become a useful benchmark for doing business in Dubai.” Al Qamzi added: “Reliable and first-hand insight on the business dynamics and expectations in Dubai will also help the Government improve its economic policies and regulations in order to achieve a more favourable business environment.” The overall business outlook for the third quarter is largely driven by the upbeat expectations of the manufacturing sector while trading and services maintain a lower profile. Sales expectations are relatively higher for companies engaged in the manufacturing of glass, garments, furniture, chemicals and cement. Meanwhile, growing demand in overseas markets has made exporters in Dubai relatively more upbeat on sales and profitability. Within the Services sector, travel, transportation and construction companies are more optimistic compared to other sub-sectors. Around 40 per cent of the construction companies expect to win new contracts but restaurants and hotels anticipate a drop in business during Ramadan. At the same time higher demand expected during the Eid holidays is fuelling expectations in the Trading sector. For the third quarter, 86 per cent of the businesses surveyed will retain their current employee count while 11 per cent spoke of plans to increase their workforce. Manufacturing firms continue to be the most optimistic on hiring. Competition, insufficient demand, government fees, and uncertainty on regulations remain the top challenges listed by respondents - both SMEs and larger enterprises alike - in the survey. Larger enterprises mentioned utility costs and political uncertainty in the region too among key challenges. 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 analyse major trends and issues that have a bearing on business in Dubai. A total of 500 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. The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai. DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth. DED and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses. From gulftoday

arabstoday
arabstoday

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 ‘traders foresee strong business outlook’ Arab Today, arab today ‘traders foresee strong business outlook’

 



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 ‘traders foresee strong business outlook’ Arab Today, arab today ‘traders foresee strong business outlook’

 



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 unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
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 US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
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 All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
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 France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

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