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Business confidence falls in Middle East
- Middle East: Thursday, October 30 - 2008 at 08:16
Business confidence in the Gulf has fallen to a mark of 92, the lowest since HSBC started its Gulf Business Confidence Survey in February 2007. While two states - Bahrain and Saudi Arabia - registered a slight rise on the previous quarter, the confidence score in all other countries dropped. However, the results show a strong degree of resilience to global factors among the region's business people, the report said, with 57% of those surveyed expecting to see an increase in revenue in the next three months, and 48% expecting to increase their investment budget year-on-year.
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Jeff Florian, Senior ReporterThursday, October 30 - 2008 at 08:16 UAE local time (GMT+4)
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