UAE’s business optimism surges on improving economic fundamentals

Dubai: The vast majority of businesses in the UAE are optimistic on their outlook for the next one year thanks to the improving macro-economic environment of the country and the region, according to a survey of business by HSBC.

The study ‘Navigator: Now, next and how for business’ covered 8,500 companies in 34 markets around the world including the UAE.

Increasing oil prices, alongside the UAE’s recently announced stimulus packages, and the upcoming Expo 2020 have boosted business confidence, according to the study. Reflecting the optimism, 87 per cent of the UAE businesses are positive on their outlook for the year ahead, while a similar proportion (86 per centre) are positive about the global trading environment.

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