UAE and Saudi firms among the most confident in terms of investing this year, says Amex

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Time: June 25, 2018

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By Michael Fahy, ZAWYA

Executives from the United Arab Emirates and Saudi Arabia were among the most confident in the world when it comes to spending on their business, according to a new survey by credit card firm American Express (Amex).

The firm’s 2018 Global Business & Spending Survey found that 84 percent of finance executives from the UAE expect to increase spending and investment levels in their business by more than 6 percent next year. Globally, only Chinese (90 percent) and Japanese (87 percent) finance chiefs were more upbeat on spending levels. (Read more here).

The enthusiasm in the UAE was matched by executives in Saudi Arabia, where 83 percent of executives expected spending increases of 6 percent or more. Executives from Russia (80 percent) made up the top five.

This article was first published in Zawya 

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