Quotes: 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

 


Khaleej Times




  MENA News Headlines
 Apr 17 2015 - UAE's Emaar Properties expects USD1.01b net profit in 2015MENAFN
(MENAFN) Dubai-based Emaar Properties expects an accumulated net profit of about USD1.01 billion in 2015, showing an increase over analysts' forecasts, according to a corporate presentation, Reuters ...

 Apr 17 2015 - UAE imports USD199.3m of Swedish woodMENAFN
(MENAFN) The UAE imported a total of USD199.3 million worth of wood from Sweden, marking 25 percent of the European country's wood exports to the region, Emirates News Agency reported.Sweden exported ...

 Apr 17 2015 - Tunisia signs USD106.31m loan with European CommissionMENAFN
(MENAFN) The government of Tunisia is set to receive USD106.31 million loan from the European Commission who approved the payment on behalf of the EU, Kuwait News Agency reported.The sum comprises ...

 Apr 17 2015 - Al Rayyan and Al Ahli register winsThe Peninsula
(MENAFN - The Peninsula) Cage Calvin (right) of Al Wakrah attempts to break through the Al Rayyan defence during the Qatar Basketball Cup 2015 at Al Gharafa Stadium yesterday. Al Rayyan won 102-74. ...

 Apr 17 2015 - Ice-hockey: Czech star Jaroslav Holik dies aged 72The Peninsula
(MENAFN - The Peninsula) Prague - Czech ice-hockey legend Jaroslav Holik, who led his country's under-20 team to world titles in 2000 and 2001 as a coach, has died at the age of 72, local media said ...

 Apr 17 2015 - Figure skating: World Team Trophy resultsThe Peninsula
(MENAFN - The Peninsula) Tokyo - Results from figure skating's World Team Trophy in Tokyo on Friday:Pairs short programme1. Sui Wenjing/Han Cong (CHN) 71.20 points2. Meagan Duhamel/Eric Radford (CAN) ...

 Apr 17 2015 - Qatar Exchange gains 113.62 points regional bourses bullishThe Peninsula
(MENAFN - The Peninsula) Qatar Exchange index continued its green run yesterday, gaining 113.62 points, or 0.96 percent when the bourse closed trading at 11,947.45 points. Indices of all sectors made ...

 Apr 17 2015 - Qatari stocks break 12,000 mark, up 0.3pThe Peninsula
(MENAFN - The Peninsula) Qatari stocks broke the psychological 12,000 mark in intraday trade yesterday before finishing slightly lower at 11,987, up 0.3 percent from the previous session. The ...

 Apr 17 2015 - Building raw materials to be cheaper soonThe Peninsula
(MENAFN - The Peninsula) The basic building raw materials such as gabbro and limestone in the local market are likely to become cheaper in the near future due to stiff competition among importers, ...

 Apr 17 2015 - Barwa buys Saudi residential compound in SR300m dealThe Peninsula
(MENAFN - The Peninsula) The First Investor (TFI), the investment banking division of Barwa Bank Group (BBG), announced the acquisition of a residential compound in Riyadh by Manazel Compounds Real ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help