Confidence levels in Dubai’s economy have improved, especially in the trading and construction sectors.
According to the Department of Economic Development’s quarterly survey, more businesses are expecting an increase in their volumes and revenue.
Exporters and large companies are the most optimistic ones.
The positive outlook is mainly driven by the government’s business-friendly measures and new projects in the run-up to Expo 2020 Dubai.
Mubadala, Barings launch $500 million global real estate debt partnership
Abu Dhabi-based Mubadala Investment Company and global investment manager Barings have announced the launch of a $500 million global real estate debt partnership.
UAE, Philippines agree on additional flight rights
The UAE and the Philippines have agreed to expand air services, clearing the way for UAE national carriers to operate additional flights to Manila.
Dubai launches nationwide campaign to combat economic fraud
The Economic Security Centre of Dubai (ESCD) has launched a nationwide awareness campaign to combat economic fraud, under the slogan "Strong Economy… An Aware Society."
DP World launches 36-hour Dubai-Iraq sea link
DP World has launched a 36-hour maritime service linking Dubai’s Mina Rashid with Iraq’s Umm Qasr Port, offering a faster alternative to overland trucking.
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