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Earnings of GCC firms hit USD59.2b  Join our daily free Newsletter

MENAFN - 16/04/2014
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(MENAFN) A study of over a 650 firms across GCC conducted by Kuwaiti Financial Center (Markaz) showed that the total amount of Gulf firms' earnings hit USD59.2 billion last year, Times of #Oman reported.

The second half of 2013 showed a total of USD29.3 earnings alone, caused by strong performance from financial services, real estate, construction, telecommunicaons and conglomerates.


Bahrain and #Kuwait came first on the list of countries in terms of earnings growth, with an increase of 24 percent each, followed by #UAE with earning growth of 15 percent. KSA and #Qatar registered a growth of 6 percent and 3 percent, respectively.

(Markaz) expects a massive earnings growth during this year, by a percentage of 12.

 
 


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