Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE tops WEF Mena trade index report  Join our daily free Newsletter

MENAFN - Khaleej Times - 02/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Nation up three places regionally and 16th globally; survey says trade volumes set to increase

The uae scored the highest amongst countries surveyed across the globe. — afp


The uae was ranked top in the middle east and north africa region and 16th internationally by the global enabling trade report 2014.


The uae climbed three places from its overall ranking in 2012 according to the report released on tuesday by the world economic forum or wef.


The enabling trade index the core of the global enabling trade report measures the factors policies and services that facilitate the trade in goods across borders and to destination. it is made up of four sub-indexes: market access border administration transport and communications infrastructure and business environment.


Each of these sub-indexes contains two to three pillars that assess different aspects of a country’s trade environment.


According to the report the uae ranked first internationally in the transport and communications infrastructure and 13th globally among 135 countries in terms of the business environment sub-index and achieved advanced positions in other sub-indexes.


In march the uae scored highest in the hsbc trade confidence index. the near-term trade prospects of the uae was found very favourable based on a survey of 5800 exporters importers and traders from small and mid-market enterprises. confidence amongst businesses in the uae on the short-term outlook for trade has reached an all-time high since 2009 — jumping nine points to 141 according to the latest hsbc trade confidence index.


The uae scored the highest amongst countries surveyed across the globe. an overwhelming 83 per cent of respondents expect trade volumes to increase over the next six months of which 49 per cent expect a significant pick up in trade. the positive sentiment has been primarily fuelled by a general increase in global demand or in particular key markets.


While oil and demand supply will continue to be crucial in determining the uae’s trade position hsbc also expects to see infrastructure and construction tourism retail and government investment in technology to be the main drivers for uae. dubai’s successful bid to host expo 2020 will also have a key role to play in this as the event catapults the country into the centre of the global stage.


The half-yearly hsbc global connections trade forecast report notes that in the long term india and china will remain the uae’s fastest-growing trade routes until 2030 — growing at 10 per cent per annum. turkey and saudi arabia will also become increasingly important sources of demand. focus on the emerging markets also extends to the import side although the us and europe will remain high sources of demand.


According to a consumer confidence report released by nielsen in february the uae ranks as the fifth-highest in terms of consumer confidence behind indonesia india the philippines and china. the report also states that in the mena region consumer confidence dropped by two per cent in the fourth quarter of 2013. this is almost negligent when compared to those countries in the eu or in the us.


— issacjohn?khaleejtimes.com

 






  MENA News Headlines
 Jul 25 2014 - UN says more support urgently needed to tackle growing food insecurity in the SahelFundingMENAFN Press
(MENAFN Press) ROME Italy July 25 2014/African Press Organization (APO)/ -- The United Nations today called on the international donor community to renew a commitment to fight hunger and food ...

 Jul 25 2014 - UN says more support urgently needed to tackle growing food insecurity in the SahelFunding gapMENAFN Press
(MENAFN Press) ROME Italy July 25 2014/African Press Organization (APO)/ -- The United Nations today called on the international donor community to renew a commitment to fight hunger and food ...

 Jul 25 2014 - Death of British national in Air Algerie crashMENAFN Press
(MENAFN Press) LONDON United-Kingdom July 25 2014/African Press Organization (APO)/ -- It is with deep regret that the Foreign and Commonwealth Office confirms the death of a British man onboard Air ...

 Jul 25 2014 - The United Nations welcomes the signing in Brazzaville of a commitment to peace in the Central African RepublicMENAFN Press
(MENAFN Press) BRAZZAVILLE Republic of the Congo July 25 2014/African Press Organization (APO)/ -- Mr. Abdoulaye Bathily and Lt-General (rtd) Babacar Gaye Special Representatives of the ...

 Jul 25 2014 - On Meriam Ishag and FamilyMENAFN Press
(MENAFN Press) WASHINGTON July 25 2014/African Press Organization (APO)/ -- Press Statement John Kerry Secretary of State Washington DC July 25 2014 Around the world supporters of religious ...

 Jul 25 2014 - Liberia National DayMENAFN Press
(MENAFN Press) WASHINGTON July 25 2014/African Press Organization (APO)/ -- Press Statement John Kerry Secretary of State Washington DC July 25 2014 On behalf of President Obama and all ...

 Jul 25 2014 - Gilas Last Home Stand that never wasArab News
(MENAFN - Arab News) E fiasco that happened on Tuesday night in what was supposed to be the first of two tune-up matches for Gilas Pilipinas against a crack NBA selection certainly left a bad taste ...

 Jul 25 2014 - Kuwait - Sovereign Ratings Affirmed at AA-MENAFN Press
(MENAFN Press) 25th July 2014 Kuwait's Sovereign Ratings Affirmed at 'AA-'RATING ACTIONCapital Intelligence (CI), the international credit rating agency, today announced that it has affirmed Kuwait's ...

 Jul 25 2014 - Indian Tech Mahindra, Saudi Midad Holding sign dealMENAFN
(MENAFN) Indian IT giant Tech Mahindra Ltd has signed a joint venture with Midad Holding to expand its existence in Saudi Arabia, according to Arabian Business.The JV will be called Tech Mahindra ...

 Jul 25 2014 - Kuwait's Jazeera profit falls in H1MENAFN
(MENAFN) Rising fuels costs and forced rerouting of flights due to unrest in the Middle East affected the net profits of Kuwait's Jazeera Airways Group in the first half of 2014, according to Arabian ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help