Dubai, UAE – Business companies in the UAE continue to demonstrate high levels of flexibility and trust that exceed their global counterparts.
Amid ongoing uncertainty about developments in trade and tariffs.
This is according to the results of the World Trade Survey issued by HSBC Bank (HSBC).
The survey also revealed that Emirati companies are increasingly turning to South Asian regions to expand and deepen their business partnerships.
It also showed that increasing the level of confidence among decision-makers in the business sector in the UAE is based on the realistic effects of the changing business environment.
68% of Emirati companies surveyed reported that they had witnessed positive impacts on revenue levels during the past six months.
This is a result of policies related to customs tariffs and trade.
It thus exceeded the global average of 56%.
While only 15% of Emirati companies reported a negative impact on revenues during the same period, compared to 26% of companies globally.
Overall, the survey found that Emirati companies are more certain about how trade policy will impact their businesses than they were six months ago.
70% of companies participating in the survey confirmed a higher level of certainty, compared to 66% globally.
In addition, the survey results revealed that Emirati companies are redoubling their efforts to strengthen international business partnerships.
89% of companies participating in the survey expressed their confidence in achieving growth in international trade over the next two years.
Especially with markets in the South Asia region.
31% of participating Emirati companies reported increasing their production in India, far exceeding the global average of 18%.
Meanwhile, 11% of participating companies reported an increase in their production in Sri Lanka, more than six percentage points above the global average.
