Dubai Chambers has recently released a report emphasizing the importance of the Business Climate Index (BCI) in evaluating business sentiment, guiding economic predictions, and influencing policymaking. The report, titled 'Assessing Business Confidence: The Role of the Business Climate Index in Economic Forecasting,' was presented during Dubai Chambers’ participation as a Featured Partner in the World Governments Summit 2025 held from February 11th to 13th in Dubai.
During the Summit, the report's key insights were announced, highlighting the significant role of the BCI in shaping policies that improve Dubai's economic resilience and global competitiveness. The presentation included an overview of the index's development methodology, which adheres to international best practices.
Introduced by Dubai Chambers in 2011, the Business Climate Index is a vital economic metric offering policymakers and business stakeholders essential information on business confidence levels and market trends. Through quarterly surveys involving various segments of Dubai's business community, including SMEs, MNCs, and industry leaders, the index provides valuable data for anticipating economic changes, managing risks, and creating strategies to facilitate business growth.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted how the Business Climate Index supplies a comprehensive view of Dubai's economic landscape, empowering decision-makers with the necessary insights for navigating the evolving global economy. He emphasized the index's role in driving strategic policymaking to maintain Dubai's attractiveness for international businesses and investors.
The report demonstrates the index's influence on crucial policy decisions that have enabled swift responses to economic disruptions and bolstered investor trust. By offering real-time data and sector-specific analysis, the BCI supports governments in formulating policies that encourage business expansion and ensure long-term economic viability.
Dubai Chambers' engagement as a Featured Partner at the World Governments Summit 2025 highlights its commitment to promoting global discussions and collaborative efforts aimed at sustainable growth. The report, available for download, underlines the significance of data-driven policymaking and cultivating a conducive environment for businesses.
