Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
New Dubai Chamber Survey Points to Improving Business Confidence in Dubai
 
  •  66% of respondents said they expect business conditions in the emirate to improve in the third quarter of 2021.
  •  Buamim: Pro-active approach of government, economic stimulus initiatives and progress of vaccination drive among key factors behind positive attitudes among business leaders.
 
Dubai, UAE – July 11, 2021:  Dubai’s business environment is expected to see positive momentum in the third quarter of 2021 as confidence among companies and investors improves ahead of Expo 2020 Dubai, a newly released survey from Dubai Chamber has predicted.
 
The Business Leaders’ Outlook for Q3-2021 found that 66% of respondents said they expect to see better business conditions during the quarter, compared to 51% who said the same in the previous quarter. At the same time, 66% of business leaders surveyed were more optimistic about the business environment, compared to 48% in the second quarter.
 
Business leaders’ expectations for factors affecting business conditions in Q3-2021 have improved significantly across the board compared to Q2-2021; with the most notable improvements seen in the “financial transactions” category.
 
Around 57% of business leaders said they expect a recovery in oil prices to positively affect the business environment in the third quarter, while 62% of business leaders said global restrictions on trade and travel would be a risk impacting business conditions in the emirate.  
 
The results marked the highest readings of the survey since the last quarter of 2014. The increase in confidence is due to several important factors such as pro-active approach of government, growing domestic demand, economic stimulus initiatives and progress of vaccination drive among key factors behind positive attitudes among business leaders.
 
The survey found that SMEs, in particular, were more optimistic about Dubai’s economy in the short term compared to large companies serving regional and global markets, while debt collection, late payments, strong competition in prices and the high cost of raw materials were identified as key challenges and risks that could potentially impact the economic situation.
 
Commenting on the survey, H.E. Hamad Buamim, President & CEO of Dubai Chamber, said the findings demonstrate Dubai’s success in minimising the impact of the Covid-19 pandemic through a series of policies, initiatives and measures that have ensured a favourable business environment and addressed new challenges created by the pandemic. He noted that Expo 2020 Dubai is expected to fast track Dubai’s economic recovery and boost the emirate’s appeal among foreign companies and investors.  


Posted by : Dubai PR Network Editorial Team
Viewed 4941 times
PR Category : Banking & Investments
Posted on : Sunday, July 11, 2021  3:45:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : LG Releases Preliminary Earnings for Second-quarter 2021
Next Story : Empower Participates in ‘WETEX 2021' as a Strategic Sponsor
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Korean Food Gains Global Acceptance with 4% Market Share and US$10 BN Revenue in Target Ma... [24793-Views]
Al Ansari Exchange sees surge in non-resident transactions in first 10 days of Expo 2020 [23493-Views]
For Every Story, For Every Me [8479-Views]
The Tonda PF Collection- A Purist's Delight for Those in the Know [7950-Views]
Big Crown ProPilot Big Date Bronze- Flair Time [7380-Views]
Global Music Stars Relaunch Pandora ME for the Creative Next Generation [7093-Views]
TURKEY'S Rumeysa Gelgi is warded GUINNESS WORLD RECORDS™ Title for Tallest Woman Living wi... [6613-Views]
LG Releases Preliminary Earnings For Third-Quarter 2021 [6166-Views]
Pandora Introduces New Limited-Edition Charm in Support of Unicef [5309-Views]
Wash Day Essentials: The Only Collection You'll Need for Perfect Curls [4834-Views]
Malabar Gold & Diamonds Launches ‘Bella Collection' – Dazzling 22k Gold Jewellery Curated... [3846-Views]
TCS Saudi Arabia Wins World Leadership Congress Award [3592-Views]
OMEGA Reveals the Secret of James Bond's Watch [3579-Views]
Arab Fashion Week Celebrates its Return to Physical Shows at Dubai Design District [3436-Views]
Aster Hospitals UAE Launches Oncology Centre in Dubai [3284-Views]
Jaguar Land Rover Trials World-first Digital Supply Chain for Leather Using Blockchain Tec... [3136-Views]
Germany Lifts Travel Restrictions for GCC Travellers [3100-Views]
Hitachi Energy goes Live [3001-Views]
Leading Cloud Managed Service Provider G7 CR Technologies to Launch STAB Program for ISVs ... [2981-Views]
Hyundai Motor Signals Carbon Neutral Commitment through New ‘Expecting Generation One' Cam... [2972-Views]
Etihad Raises US$1.2 Billion in First Sustainability-Linked ESG Loan in Global Aviation [2964-Views]
UAE to Form Women's World Tour Team Exciting Project Set to Launch for 2022 [2903-Views]
Boom of Attendance at WHITE Milano. Over 13,000 visitors, 85% of whom were buyers. [2866-Views]
Kristina Fidelskaya — Spring / Summer 2022 'Peace' Collection [2849-Views]
Oblique Creations Showcases the A/W 21 Collection in Dubai [2849-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories