Dubai business confidence on the rise

28/11/2011 - Dubai Investment News Posted by Bob Brunskill
Dubai business confidence on the rise

Dubai credentials as a leading global businesses hub are to be given a significant boost over the coming weeks.That is after recently published figures showed that the emirate's businesses are anticipating busy periods.Indeed, business confidence in Dubai is rising now the domestic economy is "back on track", Emirates 24-7 reported.Dun and Bradstreet's latest quarterly business confidence report showed that the mood has improved significantly in the last three months.The figures show that confidence increased to a score of 115 points in the last quarter - up from 100 points in the previous three months.Sami Al Qamzi, director general of the Dubai Department of Economic Development (DED), told the news provider: "The business confidence index is a true reflection of economic activity in Dubai and is a major factor in measuring business mood in the emirate."The index helps DED in making economic forecasts and responding to business requirements in the emirate."