Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Abu Dhabi's Q1 consumer investor confidence surge  Join our daily free Newsletter

MENAFN - Khaleej Times - 17/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) All development indicators improve in economic report

abu dhabi’s department of economic development says growth is strong. — kt photo

a massive allocation of dh330 billion for boosting infrastructure through 2013-17 and other policy initiatives have raised consumer and investor confidence in abu dhabi in the first quarter of the year.

a report by the department of economic development abu dhabi said development indicators confirmed the ongoing strength of abu dhabi is economy with an improvement in all indicators. this included the index of confidence in the business climate consumer’s confidence in the economic performance and the index of the business cycle in addition to the results of the monitor of the emirati family condition the department said.

the report said that the consumer’s confidence on the uae level has witnessed a remarkable rise in early 2014 where the index of consumer confidence which is part of the nelson global index reached 114 points its highest level in the first quarter of 2014.

abu dhabi’s economy closed the year 2013 remarkably showing strong macro and micro economic growth. the report added that the dh330 billion allocation for development has contributed along with other measures and actions in creating a conducive business environment which has encouraged investment sending strong positive messages to business community.

it is reflected positively on the performance of the existing and new businesses creating more jobs investments and income opportunities and this in turn has contributed to high levels of confidence among consumers of individuals and families which reflected positively on the markets and businesses. the trends of the general index of confidence in the business climate and its sub-indices show a rising in the confidence of businessmen and investors in the business environment and has a positive future outlook.

the trends of the general index of consumer confidence and its sub indicators indicate high levels of optimism among consumers of different nationalities and business sectors. the trends in the general index of the business cycle and its sub-indicators show that the emirate’s economy has witnessed more prosperity as this was reflected clearly on the continued establishment of new business enterprises and the improvement in the performance of existing institutions in all activities and sectors in addition to the significant improvement in the performance of the abu dhabi stock market.

according to a recent survey the report said 39 per cent of consumers in the arab countries see that their economic situation will improve than it is now and oman leads the arab countries by up to 67 per cent followed by the uae and qatar by 51 per cent each.

regarding the consumer’s confidence in the arab countries 24 per cent of them see that their economies are better than it was and the uae has ranked first by 53 per cent of consumers also 39 per cent of consumers in the arab countries see that their economies will be better in the future than they are now and the proportion reaches its highest 68 per cent in the uae followed by qatar with 63 per cent of respondents.

— haseebkhaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Feb 7 2016 - Shehzad stars for Quetta, Lahore beaten againGulf Times
(MENAFN - Gulf Times) Under-pressure Pakistan opener Ahmed Shehzad hit form at the right moment as he scored 71 off 61 balls to help Quetta Gladiators defeat Karachi Kings by eight wickets in the ...

 Feb 7 2016 - QF's NSD activities to promote fitness, healthy lifestylesGulf Times
(MENAFN - Gulf Times) Qatar Foundation for Education, Science, and Community Development (QF) is set to celebrate National Sport Day with a jam-packed schedule that will feature over 60 exciting ...

 Feb 7 2016 - Exciting family activities at Aspire ZoneGulf Times
(MENAFN - Gulf Times) Aspire Zone Foundation (AZF) is organising a variety of activities on National Sport Day (NSD) designed to encourage people to stay fit and promote sports activity. The ...

 Feb 7 2016 - GCC Swimming ChampionshipsGulf Times
(MENAFN - Gulf Times) Khalid Abdullah, head of Public Relations Committee of the 13th GCC Swimming Championships (25m), handed over the medals to the winners on the final day of the competitions. ...

 Feb 7 2016 - Meet Qatar heroes who are on their way to Rio GamesGulf Times
(MENAFN - Gulf Times) While there are only two days to go until the whole of Qatar comes together in a celebration of sport for the annual National Sport Day (NSD), there are less than six months to ...

 Feb 7 2016 - Key combination CTRL + X has been disabled.Gulf Times
(MENAFN - Gulf Times) Qatari high-jumper Mutaz Essa Barshim warmed up for the hectic 2016 season with a 2.29m jump to win the high jump competiton at the Pedro's Cup indoor meeting in Lodg, Poland, ...

 Feb 7 2016 - Camels blow away Hurricanes in openerGulf Times
(MENAFN - Gulf Times) Qatar Rugby 7s League got off to an explosive start as the Camels 1 picked up a massive 50-0 victory over DRFC Hurricanes in the opening game at Aspire Park last evening.Camels ...

 Feb 7 2016 - Benfica and Aspire Football Dreams share spoilsGulf Times
(MENAFN - Gulf Times) ur goals, two missed penalties, and countless chances illuminated a gripping game between Benfica and Aspire Football Dreams at Al Kass 2016.Chances were few and far between in ...

 Feb 7 2016 - VIPs, fans show support on day one of Al Kass 2016Gulf Times
(MENAFN - Gulf Times) Local football fans descended upon the Aspire Zone on Friday for an exciting opening day of events at the 2016 Al Kass International Cup.With the first of three games kicking ...

 Feb 7 2016 - Non-oil sector contribution to GDP seen at 70% next year: QFC execGulf Times
(MENAFN - Gulf Times) The Qatar Financial Centre Authority (QFCA) CEO has said he is "looking at 70% contribution" from the country's non-hydrocarbon sector to the national gross domestic product ...

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

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