Studies and reports

Sharjah Chamber of Commerce & Industry (SCCI) has revealed positive indicators on the economic growth in the Emirate of Sharjah despite the global and regional business environment challenges.

Global markets closed higher during the previous week on the back of optimism over next week’s Brexit vote and possible trade talks between the US and China. However, the market brushed aside negative economic indicators, reinforcing a widely expected global slowdown by economists in 2019. Brent Oil surged by 4.4% during the week on the back of OPEC led supply cuts coupled with hopes that the US and China would reach a deal to end the trade tensions.

Dubai is among the top five cities in the world offering a positive experience for its population through smart technology, according to the latest Smart Cities Index. The index says the best cities offering a positive experience for its citizens include Singapore, London, New York, Dubai, Seoul and Barcelona. The study was developed for major cities around the globe taking into consideration four key factors in technology: mobility, healthcare, public safety and productivity.

Global commodity prices staged a comeback this past week after the dollar failed to hold onto recent gains and rising stock markets helped to drive renewed risk appetite. The weaker dollar was led by the British pound which is headed for its best week since January following a week of Brexit drama in Parliament. The euro, meanwhile, managed to climb higher and back into the range that has prevailed for more than six months.

UAE is ranked number one for the highest Fiber to the Home (FTTH) penetration among all its global counterparts for a third year in a row, according to the leading industry body FTTH Council