Quotes: US 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


 






  MENA News Headlines
 Aug 21 2014 - Asry signs USD8.6m desalination plant contractMENAFN
(MENAFN) Asry, the leading ship and rig repair yard in the Gulf, agreed a build-operate-transfer (BOT) contract for the completion and upgrading of a reverse osmosis seawater desalination plant, Gulf ...

 Aug 21 2014 - Generational Diversity Expert Dr. Chip Espinoza Completes Seminal Work MillennialsWorkMENAFN Press
(MENAFN Press) It is no secret that young adults commonly referred to as Millennials grew up in a culture radically different from those of the generations that preceded them. Not only were ...

 Aug 21 2014 - Hamas warns foreign airlines as Israel declares talks overArab News
(MENAFN - Arab News) GAZA CITY Palestinian Territories: The armed wing of Hamas warned foreign airlines against flying into Tel Aviv on Wednesday and declared truce talks in Cairo over as a six-week ...

 Aug 21 2014 - Saudi- Iconic Urdu poet in Jeddah for mushairaArab News
(MENAFN - Arab News) Some of the most-loved names in Urdu poetry will regale hundreds of expatriates with their couplets at the Indian Consulate's annual mushaira to be held at the International ...

 Aug 21 2014 - Saudi- PISJ-ES reports outstanding academic featArab News
(MENAFN - Arab News) Students of the Pakistan International School-Jeddah (English Section) (PISJ-ES) have shown outstanding academic performance this year.According to the school's acting principal ...

 Aug 21 2014 - 77000 Saudi youth aspire for skilled jobsArab News
(MENAFN - Arab News) With only three days left for submitting applications around 77000 Saudi men and women have enrolled for vocational training at the Colleges of Excellence (CoE) throughout the ...

 Aug 21 2014 - Saudi- Woman ordered to pay SR30000 for khulaArab News
(MENAFN - Arab News) A court in Riyadh has ordered a woman to pay SR30000 for her to be able to separate from her husband after he injected her with a narcotic substance local media said.The man in ...

 Aug 21 2014 - Saudi- Shoura member to speak at world science conferenceArab News
(MENAFN - Arab News) A leading Swiss scientific foundation has chosen a female Saudi Shoura Council member to speak alongside international personalities at a conference highlighting the role of ...

 Aug 21 2014 - Saudi- Punished for misbehavior women riot at Asir orphanageArab News
(MENAFN - Arab News) Nine young women at Asir's public orphanage aged between 20 and 23 started a riot in the building on Sunday burning records and assaulting the director of the orphanage after ...

 Aug 21 2014 - Saudi- Al-Balawi isacting chief of Border GuardsArab News
(MENAFN - Arab News) Maj. Gen. Awad bin Eid Al-Balawi has been appointed acting director-general of Border Guards following the death of Gen. Zamim Al-Sawat.Interior Minister Prince Mohammed bin Naif ...

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