Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Middle East upbeat on growth  Join our daily free Newsletter

MENAFN - Khaleej Times - 23/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Corporate leaders in the Middle East and Western Europe are the most confident about short-term global economic prospects in line with signs of improving conditions, according to a key gauge that compiles the views of hundreds of leading executives from across the world



CEOs in the Middle East, 69 per cent, are also the most confident of short term revenue growth, up from 53 per cent last year. They are followed by those in Asia Pacific at 45 per cent, up from 36 per cent last year. Across the globe, some 39 per cent of CEOs say they are 'very confident' of revenue growth prospects for their own companies over the next 12 months. That is up from 36 per cent last year



While 49 per cent of CEOs from the Middle East who took part in PricewaterhouseCoopers' 17th Annual Global CEO Survey sounded upbeat about the short term global prospects, 50 per cent of corporate heads from Western Europe concurred.



On the short term global prospects, corporate leaders in the Middle East and Western Europe are followed by those in Asia Pacific (45 per cent), Latin America (41 per cent), North America (41 per cent) and Africa (40 per cent). CEOs in Central and Eastern Europe show the lowest level of confidence at 26 per cent



Globally, corporate leaders felt much more bullish about the global economy's short-term prospects than they did a year ago, according to a gauge that canvasses the views of hundreds of leading executives in dozens of countries



The Global CEO Survey, released at Davos ahead of the annual meeting of the World Economic Forum kicked off on Wednesday, reveals that 44 per cent of corporate bosses around the world now expect to see an improvement in the world economy over the next 12 months compared to only 18 per cent in last year's survey



Howwever, only seven per cent of corporate leaders think the global economy will become unstuck in 2014 compared to 28 per cent in 2013



By industry, CEOs in the hospitality and leisure sector are most confident about prospects for the next 12 months (46 per cent), followed by those in banking and capital markets (45 per cent), retail (44 per cent), financial services (44 per cent), asset management (44 per cent) and communications (44 per cent)

 






  MENA News Headlines
 Jul 31 2014 - Air Algerie's plane crashesMENAFN
(MENAFN) A senior official said that the Air Algerie flight that crashed in Mali last week appears to have plummeted to the ground from an altitude of 10,000 meters in just a few minutes after flying ...

 Jul 31 2014 - Dubai's Damac eyes listing shares in Dubai bourseMENAFN
(MENAFN) Dubai luxury property developer Damac is trying to attract investors to invest in converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that ...

 Jul 31 2014 - 'Nearly 100 casualties' in Xinjiang violenceArab News
(MENAFN - Arab News) IJING: A clash in Xinjiang home to China's mostly Muslim Uighur minority left nearly 100 people dead or wounded an exile group said Wednesday after what authorities called a ...

 Jul 31 2014 - Aquino seeks to quash rumors of military coupArab News
(MENAFN - Arab News) NILA: Philippine President Benigno Aquino sought Wednesday to quash rumors that a coup is being plotted against him with his spokesman insisting he had the military's full ...

 Jul 31 2014 - Kerry in New Delhi to reboot ties with ModiArab News
(MENAFN - Arab News) W DELHI: US Secretary of State John Kerry flew into India on Wednesday for ice-breaking talks with new Prime Minister Narendra Modi forecasting a transformation in Washington's ...

 Jul 31 2014 - UK bankers' bonus: Tough rules on wayArab News
(MENAFN - Arab News) NDON: British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness the Bank of England ...

 Jul 31 2014 - Amazon to invest 2bn to expand in IndiaArab News
(MENAFN - Arab News) MBAI: The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.Amazon.com Inc. said it will invest ...

 Jul 31 2014 - Mobily Wajid offers free lines to family membersArab News
(MENAFN - Arab News) Bily continues to provide its extraordinary offer to the new subscribers of Wajid that provides discounts and privileges to all family members.The new Wajid Extra and Plus ...

 Jul 31 2014 - Wife of BIS official dies in road crashArab News
(MENAFN - Arab News) E wife of a member of the governing board at the Bangladesh International School (BIS) in Jeddah was killed in a road accident on Tuesday the second day of Eid Al-Fitr.Nasima ...

 Jul 31 2014 - Indian Eid program toned down in solidarity with GazansArab News
(MENAFN - Arab News) Extensive yearly Indian community Eid program was reduced to a simple get-together ceremony on Monday night in solidarity with the victims of Gaza.Indian expatriates condemned ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help