Facing the fear of local and global competition is a major challenge for companies, as they began to show reluctance about the potential rise in prices amidst their desire to increase their sales. Despite the significant increase in the inventory of essential production materials, the constraints related to labor and delays in payment operations revealed an additional increase in accumulated activities.
In Dubai, the non-oil private sector in the United Arab Emirates witnessed strong improvement in business conditions during February, as the growth momentum continued to approach its highest levels in nine months, reflecting the figures registered in December. This improvement was the result of a significant increase in new business, which contributed to a notable increase in production levels.
In this context, analysts say that these efforts made by companies come within the framework of strategies to enhance sales and production to address rising market challenges.
