A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Tuesday, March 5, 2024

Business Confidence in UAE tops Globally

Business Confidence in UAE tops GloballyThe UAE leads the world in business confidence and stands alone in positive territory in the global economic survey index, leaving behind the US, UK, Hong Kong, Singapore and others. This was revealed in the Global Economic Conditions Survey, or GECS, in the second quarter of 2012, undertaken by the Association of Chartered Certified Accountants, or Acca, and the Institute of Management Accountants, or IMA.
Global economic recovery has again slowed down in early 2012, according to the survey. But finance professionals remained bullish and most confident about the UAE’s recovery. They cautioned that growth across the world’s most developed economies has stalled once again and that the global economy is as fragile as it has ever been in the last three years. The global survey of 2,700 professional accountants suggests that hints of a stronger recovery in early 2012 were mostly down to misplaced optimism, and that most of the gains made at the time have since been reversed.
The GECS Confidence Index across the region and in selected markets revealed that the UAE has score of 7.9, while rest of the regions and markets covered under the index attracted negative scoring.
Cash flow pressures appear to have eased significantly in the UAE over the last three months, with fewer professionals worrying about the survival of their suppliers or customers, and incidences of late payment are down as well. Importantly, new orders appear to be on the rise.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.


UAE & Turkmenistan expand Economic ties

Turkmenistan's Berdimuhamedow urges UAE collaboration in gas field development....

Crown Prince Appreciates the World Governments Summit Team

The Crown Prince Appreciates the valuable efforts of the...

WTO Promotes Consensus

The final World Trade Organization General Council meeting before...

UK and Azerbaijan celebrate growing bilateral relations

UK PM Rishi Sunak congratulated President Ilham Aliyev on...

World Government Summit brings Global leaders to Dubai

The pre-summit day of the World Governments Summit (WGS)...

HH Shiekh Mohammed bin Rashid Meets Youth

Sheikh Mohammed bin Rashid Al Maktoum met with Arab...

Shiekh Hamdan Bin Zayed Honors Environmental Achievers

His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s...

Princess Kate shares a Message after meeting HM the King

Prince William and Kate Middleton share a Children's Mental...

HM King of Sweden to visit Europe

King Frederik X of Denmark and Queen Mary will...