The composite Business Confidence Index of Dubai rose 7.4 points to 117.5 points during the second quarter compared to the same period a year ago. The measure also rose from 1Q, when the index had a reading of 116.5, according to the Department of Economic Development (DED). The survey found that 44% of the 500 respondents expected business conditions to improve and expressed optimism on sales and volumes generally. Some 48% of those surveyed said that they expect their sales volume to increase in 3Q; 37% said that they expect volumes to hold steady. Competition, market conditions, delayed payments and rental costs were among the main challenges cited by most business. The DED is the government body entrusted to set and drive the economic agenda of the emirate of Dubai. (The National)