UAE. Results from the recently concluded Consumer Confidence Index survey conducted jointly by Bayt.com, the Middle East’s number one job site, and research and consulting organisation YouGov shows that residents in the UAE hold an optimistic view of their personal financial future, as well as of the country’s economy.
However, a majority of surveyed employees feel that the current remuneration is not in line with the cost of living, with only 17% believing that now is a good time to buy consumer durables.
According to the Bayt.com quarterly MENA Consumer Confidence Index survey, expec
UAE. Office, retail and hospital sectors remain steady; The market continues to be dominated by Government related investment with short-term demand being fuelled by new major government backed construction projects.
UAE. Vigorous return of foreign IPOs on U.S. exchanges; 41 capital raising transactions bring in over US$9.1 billion, up from US$3.6 billion mid-2013; US$4.7 billion of DRs held in the Middle East and Africa by value, up 15.9%.
UAE. The escalation of turmoil in the world is yet to play a role for the market, but be warned: everything economic has a delayed reaction of nine to twelve month. If the present state of alertness continues through the summer you can bet on higher energy prices having a serious impact.
INTERNATIONAL. The world is well aware of the concerns around terrorism and Nigeria's ongoing struggle with poverty. However the report finds that Nigeria has the potential to expand its economy by roughly 7.1% per year through 2030.