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23 Mar 2018, Gergana Bencheva, EMIS Editor

Some 77% of UAE firms expect increase in trade volumes in next 12 months

Some 77% of the UAE-based companies expect there would be an increase in trade volumes in the next 12 months and 62% forecast a raise in service trade volumes, Arabian Business reported referring to a study conducted by HSBC.

The UAE’s business now faces various opportunities as the country is undergoing a major economic transformation that focuses on diversification. The most beneficial sectors will be tourism and transport as they would grow at an average of 6% per year, the report explained.

Also, according to HSBC, Abu Dhabi is emerging as a standout digital economy and some 34% of its services businesses believe greater use of technology to be their main trade growth engine, Arabian Business added.

Sign in and read the full article in emis.com Original source: Arabian Business