Wednesday, 8 July 2015

Dubai business confidence rebounds sharply

Private sector businesses in Dubai signalled further strong increases in business activity and new orders in June, though the rates of expansion moderated to 27- and 53-month lows, respectively.

According to the latest Dubai Economy Tracker published by Emirates NBD bank, despite softer increases in activity and new work, Dubai private sector companies were increasingly optimistic towards the year-ahead, with the degree of positive sentiment reaching a 19-month high.