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


 


Khaleej Times




  MENA News Headlines
 Sep 16 2014 - Kuwait Stock Exchange Indices Close in GreenQatar News Agency
(MENAFN - QNA) Main indexes of the Kuwaiti bourse were in the green zone upon closing Tuesday with the weighted, the price, and the KSX 15 up by 1.1, 28.6, and 2.64 points respectively. Number ...

 Sep 16 2014 - Diplomatic Adviser to the King of Belgium Meets Qatar's AmbassadorQatar News Agency
(MENAFN - QNA) Diplomatic Adviser to the king of Belgium Pierre Cartuyvels met HE Qatar's Ambassador to the Kingdom of Belgium, Sheikh Ali bin Jassim Al-Thani. During the meeting, they discussed ...

 Sep 16 2014 - Real Estate Transactions Worth over QR684 Million Last WeekQatar News Agency
(MENAFN - QNA) Real estate transactions between September 7 and 11 for the real estate sales contracts registered at the Ministry of justice are worth QR684,139,324, the real estate registration ...

 Sep 16 2014 - Qatar University to Host Workshop for Young BoffinsQatar News Agency
(MENAFN - QNA) Qatar University's Al Bairaq programme will engage aspiring young scientists from high schools in workshops on nanotechnology and other scientific topics, the university said ...

 Sep 16 2014 - Qatar Expresses Concern over Expansion of Nuclear Power Reactors EstablishmentQatar News Agency
(MENAFN - QNA) The State of Qatar has stressed that the obsession with safety and security of potential nuclear accidents preoccupies the international community because of the long -term and ...

 Sep 16 2014 - Four Elements of Islamic State Killed in IraqQatar News Agency
(MENAFN - QNA) Baghdad Operations Command announced the killing of four elements from the Islamic State group (ISIS) northwest of Baghdad. The spokesman for the command, Brigadier Saad Maan told ...

 Sep 16 2014 - Elements of Islamic State Killed in IraqQatar News Agency
(MENAFN - QNA) Baghdad Operations Command announced the killing of four elements from the Islamic State group (ISIS) northwest of Baghdad. The spokesman for the command, Brigadier Saad Maan told ...

 Sep 16 2014 - Phase one to begin Dubai USD2.7b Parks projectMENAFN
(MENAFN) Dubai Parks & Resorts, a Meraas Holding company announced it has made significant progress on phase one of its multi-billion dollar entertainment and leisure destination in the emirate, ...

 Sep 16 2014 - Investcorp acquire USD250m US property propertiesMENAFN
(MENAFN) Bahrain's Investcorp, an alternative investment manager, announced it had acquired a portfolio of office and industrial property assets in three cities in the United States for around USD250 ...

 Sep 16 2014 - Dubai's RTA to invest USD544m in 2 projectsMENAFN
(MENAFN) Dubai's RTA announced it is planning to invest in the construction of two new road projects in the Creek area of the city in order to ease traffic congestion, Arabian Business reported.The ...

more...


 






Google

Click to Apply

 
 

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