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Thursday, 19 January 2017

UAE business confidence drops | GulfNews.com

UAE business confidence drops | GulfNews.com:

"Economic conditions in the UAE are expected to improve this year, but optimism among businesses remain subdued, according to the latest report. The Global Economic Conditions Survey by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) showed that business confidence in the country dropped to -23.7 in the fourth quarter of 2016, lower than in the preceding two quarters of the year and a far cry from +41.8 in the first quarter of 2014. The survey, which was based on the responses from more than 4,500 finance professionals and business leaders worldwide, also indicated that business confidence levels in the Middle East and the rest of the world have also declined, owing to political and economic uncertainties, as well as weak oil prices."



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