Business confidence in the Middle East is at its lowest ebb for more than five years due to the renewed fall in oil prices, according to a new global survey of accountants.
Capital expenditure plans have understandably been pared
Political turmoil and instability in the region have led to a drop in business confidence in the UAE and Middle East in the first quarter (Q1) of 2015, according to a new survey of finance professionals.
The Global Economic Condit
Confidence amongst business leaders in the Mena region rose more than two points in the second quarter of this year to 62.6, its highest level in more than a year, according to a report.
Confidence increased for the second consecu
Most firms in the GCC remain cautiously optimistic regarding commercial agility, with more than half citing the optimization of operations as a key source of growth in the next 12 months, said a report.
Business confidence decreas
About two-thirds of the Gulf Cooperation Council (GCC) executives are upbeat about growth in the next 12 months and they expect an increase of 5 – 15 per cent in profitability during the period, a report said.
The outlook for Europe's economy darkened on Thursday with euro zone business confidence falling to a three-year low and a range of economic indicators across the continent pointing towards recession.
Shrinking lending and ris
The decision to impose a three-month state of emergency in Bahrain could prove a saviour for the country's business and financial community, a leading businessman said.
Mashal Group chief executive director Dr Yousef Mashal said that a
Airlines are growing more confident as economic recovery takes hold, with financial performance at pre-crisis levels and expectations of future profitability rising, airline association Iata said on Tuesday.
Almost 70 percent of respondent
Banque Saudi Fransi said greater global economic uncertainty in light of the euro zone debt crisis and volatility in oil prices over the last two months has taken a toll on sentiment among Saudi business executives.
The BSF Business Confid
Business confidence in Bahrain grew strongly last month, according to the Shuaa Capital GCC Investor Sentiment Report.
Bahrain was this month's biggest gainer, as its Investor Confidence Index rose by 2.4 points to reach 106 points, th