Dubai businesses optimistic for the year ahead

123rf

2019 is looking a lot brighter in economic terms.

That's according to a report by the Department for Economic Development in Dubai. 

It found that 59 per cent of businesses in the emirates foresee accelerated economic growth during the first quarter of the year, with just over a third expecting stable conditions.

Sustained public spending on infrastructure and social development, initiatives to increase ease of business, and a positive outlook on sales and profits have all contributed to the renewed optimism from Dubai businesses

More from Local

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.