Dubai is bullish on Q4 amid signs of recovery

Dubai business leaders are bullish about the fourth quarter and about 61 per cent of them expect improvement, according to a monthly survey conducted by Dubai Chamber of Commerce and Industry.

Even as liquidity continues to remain a challenge, several "signs of recovery are being noticed" after the slow business activity registered during the month of Ramadan as well as the summer holidays, said the DCCI in the survey findings shared exclusively with Emirates Business.

In particular, positive expectations appear on overall net score of the corporate groups about their "business situation" for the coming months of the festive season, it said.

Hamad Buamim, Director-General, Dubai Chamber, said: "The recovery phase has already been set off" through the rise in oil prices, the government's fiscal policies of stimulating the economy including the easing of liquidity conditions, state guarantees on all bank deposits and abolition of the minimum capital requirement.

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