Despite the critical ebb and flow in global financial markets these past three years, the Middle East and North Africa (MENA) region has managed to stem the tide and register a tangible GDP growth of 5.3 percent in 2012, Alternative Investment Strategy 2013 report released Sunday through Al Masah Capital Limited, said.
Bearing in mind the eurozone debt crisis, the easing of economic activity in China and a slew of fiscal downturns hitting the US, this is a hugely positive sign.
In 2013, the rate is expected to be even more impressive with many of the MENA countries allocating huge sums for public expenditure as compared to 2012.
Saudi Arabia, Qatar, Kuwait and Oman formed the spearhead of the resurgence, although a leg up was given through the intervention by central banks with their bold and timely monetary policies. These were designed to give buoyancy to investor sentiment which did occur and that led to a rally in the equity markets.
Read more: http://www.gulfbase.com/news/mena-investment-outlook-upbeat/228338
Bearing in mind the eurozone debt crisis, the easing of economic activity in China and a slew of fiscal downturns hitting the US, this is a hugely positive sign.
In 2013, the rate is expected to be even more impressive with many of the MENA countries allocating huge sums for public expenditure as compared to 2012.
Saudi Arabia, Qatar, Kuwait and Oman formed the spearhead of the resurgence, although a leg up was given through the intervention by central banks with their bold and timely monetary policies. These were designed to give buoyancy to investor sentiment which did occur and that led to a rally in the equity markets.
Read more: http://www.gulfbase.com/news/mena-investment-outlook-upbeat/228338
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