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In 2014, the face of global enterprise continues to change rapidly. The signs are everywhere: This year, the fastest-growing economy is expected to be Mongolia’s, at a rate of 15.3 percent.
We work in an ever smaller world. The rise of global supply chains means that, whether your new business is involved in retail or manufacturing, the chances are your regular shipments and deliveries will involve products or parts from a number of different countries and probably continents.
Foreign investment projects create highest number of new UK jobs since 2001 Commonwealth Games Business Conference in Glasgow starts this week (22 July 2014)
Latest information for UK exporters on the impact of Russia’s recent intervention in Ukraine and annexation of Crimea on business
The UK government is keeping our economic engagement with Russia under close review. Some bilateral cooperation and trade support activity is being affected
UAE-Dubai Economic Recovery
Recent improvements in the global economic downturn, a rise in oil prices, and general strengthening of domestic markets are aiding the UAE's economy to recovery.
Recent improvements in the global economic downturn, a rise in oil prices, and general strengthening of domestic markets are aiding the UAE's economy to recovery. After a slump caused by real estate and energy prices, the economy is predicted to rebalance itself in 2010, a sentiment being voiced by experts and analysts alike.
Mohammed Jaber, Dubai-based analyst for the global financial services firm Morgan Stanley, said:
The strength of the recovery will depend on the momentum for global growth and the timely resolution of imbalances in its domestic real-estate and credit markets.
The outlook for Dubai, in particular, has been optimistic. Daniel L Doctoroff, the President of Bloomberg, has forecast that the Emirate state should exit the slump in better shape than other world economies. Proposing that Dubai was less affected by the financial crisis than the US or Europe, he continued to say:
[Dubai] also has a high surplus of liquidity and oil. All these factors give it a higher probability for fast recovery than Western markets.
Doctoroff also analogised Dubai with New York, stating:
The New Yorker spirit is famed throughout the world and so is the Dubai spirit. Both characterise an unwillingness to give up in face of seemingly insurmountable odds. Both symbolise the creativity of dreaming the impossible and the diligence that goes into achieving that vision.