Dubai Holds Positive Outlook on Economy

Dubai residents are bullish on the future of their economy.

Residents of Dubai feel positive about their future economic prospects, despite moving down the consumer confidence index by 1.3 points, according to the Khaleej Times.   54 per cent  of the poll participants believe that their financial position will improve in the course of the next year, while 16 per cent claim it will stay the same and only eight percent believe it will get worse.  46 per cent of UAE respondents expect that the UAE’s economy will get better within the same time frame. Private sector business activity in the UAE picked up in September after hitting a 15 month law, according to HSBC.