Business confidence in Dubai on the rise

Business confidence in Dubai on the rise

Business confidence in Dubai reached a record high in June, amid a strong pipeline of new projects and work output.

That’s according to Emirates NBD’s Dubai Economy Tracker Index, which also found that business growth in the emirate’s non-oil private sector has softened from May’s 40-month high.

However, the report showed a marked improvement in the construction, wholesale and retail sectors.

Khatija Haque, Head of MENA Research at Emirates NBD, explains why businesses are optimistic.

      

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