Dubai Statistics Center (DSC) revealed that Dubai’s resident population grew by 232,400 to reach 3,136,400 at the end of the third quarter of 2018, a growth of 7.7% from the third quarter of 2017.
HE Arif Al Mehairi, DSC Executive Director, said: “The rise in population reflects Dubai’s growth as a dynamic economic and tourism hub. The population of non-resident workers and temporary residents in Dubai is currently 1,155,000, while the total active daytime population of the emirate is 4,291,400. As much as 37% of Dubai’s active daytime population comes from outside the emirate.”
“DSC adopts international standards and methodologies to monitor Dubai’s rapidly changing [...]
European spending on mobility solutions is forecast to reach $293 billion in 2018, according to a new update to the Worldwide Semiannual Mobility Spending Guide from International Data Corporation. IDC expects the market to post a five-year compound annual growth rate (CAGR) of 2.4%, leading to spending in excess of $325 billion in 2022.
Western Europe (WE) accounted for 78% of total mobility spending in 2017 and will remain by far the largest contributor in the wider European region, with a CAGR of 2.7% for the 2017–2022 period. At the same time, mobility expenditure in Central and Eastern Europe (CEE) will grow at 1.2%.
Mobility plays a central role in [...]
Dubai SME, the agency of the Department of Economic Development, DED, in Dubai, mandated to develop the Small and Medium Enterprise, SME, sector, in conjunction with the Dubai Statistics Centre, released a new study on the local SME sector as part of Dubai SME Development Plan, SMDP, which is part of the Dubai Plan 2021.
The study was released in conjunction with the World SME Day, which was celebrated on June 27th this year.
Underlining the role and importance of the SME sector in the overall economy in Dubai, the study, which was initiated during the first quarter of 2018, showed that SMEs continue to create a significant number of job opportunities and add [...]
The health of the UAE’s non-oil private sector improved to the greatest extent in the year-to-date, buoyed by strong inflows of new business and output growth. Promotional activity helped to stimulate client demand, reflected by new order books expanding at the fastest pace since December last year. Despite firms ramping up output, backlogs of work built up at a record pace. Meanwhile, input price inflation further softened from the peak seen in January.
The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.
Commenting on the UAE PMI® survey, [...]