Nominal GDP Growth of GCC Decreased
EFG-Hermes decreased its GCC nominal GDP forecast by 0.5% for 2012 and by 1.4% for 2013.
Turkish Economy Slowdown 2012: Healthy Slowdown from Overhearing Phase
TURKEY ECONOMIC REPORT, December 2012: Healthy Slowdowning Down from Overhearing Phase
Dubai rents rose by an average of 17%
Dubai rents rose by an average of 17% over the last 12 months, with those in some of the most popular areas posting an increase of around 24%, according to CB Richard Ellis (CBRE).
MENA Non-Oil Economies Heading Towards Slower Growth in 2013
The Institute of International Finance (IIF) indicated that non-oil economies of the MENA region mightface at best a modest recovery in 2013 as they struggle with weak growth, relatively wider fiscal andcurrent account shortfalls as well as rising unemployment.
The Lebanese Consumer Confidence Index (CCI) increased by 29%
Beirut, Lebanon: The Lebanese Consumer Confidence Index (CCI) published by ARA for Research and Consulting increased by 29% from last month to settle at 85 points in November.
Brazil Drives Growth in the Americas
US citizens are cautious about travelling due to a weak economy. Brazil, on the other hand, continues to drive growth in Americas.
Batelco Group’s Acquisitions 2012: Statement Regarding the CWC M&I Acquisition
Batelco Group issued a statement to clarify the acquisition price for CWC M&I (Cable & Wireless Communications Monaco and Islands Division) assets.
Batelco Group’s Acquisitions 2012: Major Deal Agreed
Batelco Group agreed on a deal to purchase CWC’s Monaco and Island Business Unit.
Bank of the Year 2012: Gulf Bank of Kuwait
Gulf Bank of Kuwait, the second largest bank in Kuwait, wins the Bank of the Year 2012 award from The Banker.
Batelco Group Investment Grade Affirmed by Fitch Ratings & with Stable Outlook
Fitch Ratings affirms Batelco Group’s investment grade and also highlights its robust free cash flow (FCF) and pre-dividend FCF generation levels.