Businesses in Dubai are confident about closing the year on a strong note.
According to the Department of Economic Development’s quarterly survey, more companies are expecting an increase in sales revenues and volumes over the coming months.
The services, travel & hospitality sectors are the most optimistic ones, while large firms are more upbeat compared to SMEs.
The high confidence level is mainly driven by a rise in new projects and the optimism surrounding Expo 2020 Dubai.
Meanwhile, companies have cited a delay in payments and rising competition as the major challenges they’ve been facing.
H.H. Sheikh Mohammed issues decree on board of Investment Corporation of Dubai
Eleven agreements signed at Al Ain Future Business Forum
UAE, Argentina launch CEPA negotiations
Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion
Meta launches AI gadget Charm as race for post-smartphone hardware heats up
