The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment5 hours ago
The private sector in Dubai gained momentum in first quarter of 2017 as the business conditions improved in key economic sectors with sharp rise in new orders and increase in employment.
The latest Emirates NBD Dubai Economy Tracker data signalled a sharp improvement in business conditions across the emirate's private sector economy, with output, new orders, employment and stocks of purchases all expanding at a faster pace than in the preceding month.
The seasonally adjusted Emirates NBD Dubai Economy Tracker Index - a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy - rose to 56.6 in March, up from 56.2 in February.
The latest reading was indicative of the second-sharpest upturn in business conditions for over two years. As a result, the average for the first quarter (56.7) was the sharpest since first quarter of 2015. A reading of below 50.0 indicates that the non-oil private sector economy is generally declining; above 50.0, that it is generally expanding. A reading of 50.0 signals no change. "The March data is consistent with sharp improvements in business conditions across Dubai's non-oil private sector economy, with output, new orders and employment all expanding at a faster pace than the previous month," Tim Fox, head of Research and chief economist at Emirates NBD, said.
Wholesale and retail, travel and tourism and construction remained the best performing sub-sector monitored by the survey issued on Monday.
New business increased for the thirteenth month in succession. Furthermore, the rate of expansion climbed to the sharpest in over two years. Survey respondents linked the increase to generally favourable economic conditions, more construction projects, and successful promotional activities.
Business confidence regarding growth prospects over the coming 12 months remained strongly optimistic in March, but the degree of optimism eased to its weakest in seven months, despite increasing output. At the sub-sector level, business confidence improved across construction firms, but moderated elsewhere. The survey further indicated that input price inflation remained modest across the private sector in March. All the three monitored sub-sectors noted a rise in input costs, led by wholesale and retail. However, output charges fell again, with the rate of decline little-changed from the prior month and marginal overall.
There were divergent trends recorded across the key sub-sectors; travel and tourism companies raised their average selling prices, while construction and wholesale and retail firms reduced output charges. Discounts were generally offered in order to attract customers amid reports of intense competition.
- business@khaleejtimes.com
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment5 hours ago
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
world5 hours ago
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket5 hours ago
Saudi Arabia has begun to explore extracting lithium from sea water
business5 hours ago
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
mena6 hours ago
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
sports6 hours ago
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
sports6 hours ago
The UAE is India's second-largest export destination after the US
economy6 hours ago