Business sentiment in the UAE is on the rise, heightening the importance of the government addressing the liquidity crunch, Standard Chartered said on Thursday.
Markets have reacted positively to the news that Dubai will be able to meet its financial obligations this year, with the Dubai Financial Market posting its biggest daily increase on Monday since November 17, racking up a 7.91 percent increase as it closed at 1,652 points.
“Sentiment is improving and with momentum now turning positive there is an opportunity for policymakers to step up their efforts to improve liquidity in the UAE economy,” a team of Standard Chartered economists wrote in a note to investors.
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