|
 |
News |
 |
|
| |
Email this article | 
Print
This Page
|
| |
Dubai Traders Outlook Seminar 2006 reveals their optimism |
| |
4/18/2006 9:34:49 AM |
| |
 It also highlighted their expectations about extra utilization of technology in business during 2006, as there is a need for the government to create and maintain an environment for fair and friendly competition for Dubai traders.
Abdurrahman G. Al Mutaiwee, Director General of the DCCI, inaugurated the seminar in which he explained through his keynote speech that the DCCI has arranged two studies, one of which focused on the expectations of Dubai traders for 2006, and the other focused on the impact of regulations on Dubai businesses.
Al Mutaiwee mentioned that the survey based on the first study showed traders' optimism for 2006, as they maintained upbeat expectations which they had for 2005.
Al Mutaiwee said the second study showed that the majority of businesses in Dubai from various sizes and sectors found it easy to comply with regulations in general. On an average level, he added that the small-sized companies and the trade and transportation sector seem to face some difficulties in complying with regulations in general.
Al Mutaiwee mentioned that more than 40% of the companies believed that compliance with regulations is expensive and the time spent and more than 50 % of industrial, trade and transport sectors agreed that compliance with regulations is expensive.
Dr. Belaid Rettab, Director of Data Management and Business Research Department in DCCI, said that the Dubai Chamber aims through this study at learning about the traders' opinions for 2006 on certain issues, adding that the survey was conducted in December 2005. He noted that the study aims at considering traders' opinions on the impact of the regulations on business.
Marietta Morada, Economic Researcher in the DCCI, conducted a presentation on traders' outlook for 2006 in which she explained that 57% of traders expect that the general market demand for their products would be (very good or good) while 7% had negative expectations (very poor and poor).
She indicated that 49% of traders expect a rise in their sales in 2006 compared to the year 2005, they also expected another extra utilization of technology in business.
Natasha Hussein, another Economic Researcher in DCCI, delivered a presentation on the impact of regulations on Dubai businesses in which he underlined the need for efficient regulations, as well as how the government can help on public homes, business impact assessments and DCCI's policy study.
Natasha explained that 30% of the enterprises are very small, (1-9 employees), another 30% of which are considered small enterprises (10-49 employees), while another 20% of which could be ranged as medium-sized companies (50-250), and the rest 20% are considered large companies (more than 250 employees).
She noted that there are some advantages of these regulations such as possibility of obtaining visas which are easy to get abroad, in addition to excellent facilities of import and export, importing, exporting and re-exporting with low tariffs, as well as the easy transfer of capital inside and outside the country. She mentioned that some of the disadvantages include visa procedures & obtaining visas for employees of desired countries, in addition to obtaining trade licenses to import and export, municipality regulations (fees, building permits, and licenses) and the requirement for guarantees to appoint personnel.
|
| |
ameinfo.com |
news |
| |
Email this article |
Print
This Page
|
|
 |
| |
|
| Upcoming Events |
 |
|
| Upcoming Sports |
 |
|
| Featured Links |
| |
|
|
|
