Arab Today, arab today middle east ceos optimistic on economy
Last Updated : GMT 10:34:52
Arab Today, arab today
Arab Today, arab today

Middle East CEOs optimistic on economy

Arab Today, arab today

Arab Today, arab today Middle East CEOs optimistic on economy

Dubai - Arabstoday

A majority of chief executives in the Middle East are very confident about prospects for business and economic growth over the next 12 months, according to a latest survey. In conjunction with the World Economic Forum on the Middle East and North Africa 2013, PwC Middle East revealed the results of the 2013 Middle East CEO Survey titled “Matching confidence with competitiveness.” The depth of confidence (53 per cent) sets Middle East CEOs apart from any other region in the world (36 per cent). This relative optimism is expressed both in terms of confidence about their companies’ growth and the outlook for wider economic growth. In common with the global trend, confidence among CEOs in the region is down compared to last year’s survey (60 per cent). Commenting on the findings Hani Ashkar, Middle East Deals Leader at PwC, said: “The high confidence percentage of Middle East CEOs led to a positive outlook for the economy. Compared to their global counterparts, Middle East CEOs are expecting a major employment headcount increase with over two thirds expecting a five per cent or more rise.” Domestic markets present a more open and competitive environment now than in the past. Around 44 per cent of the region’s CEOs see organic domestic growth as a primary driver in 2013. Alternatively, 25 per cent view growth stemming from new operations in foreign markets and 13 per cent from new mergers and acquisitions (M&A), joint ventures or strategic alliances. Many CEOs are positioning their companies to take advantage of emerging market opportunities that exists in Africa and Asia. A quarter of the Middle East CEOs appear to have their sights set on this ‘south-south’ opportunity as their main route to growth in the period ahead. Thirty-eight per cent of CEOs count M&A and strategic alliances, among the top investment priorities for their companies in the upcoming 12 months. A massive 73 per cent target those M&A’s and alliances in their own region, followed by 36 per cent for Africa, 27 per cent for South-East Asia, and 27 per cent for Western Europe. Commenting on this finding Warwick Hunt, PwC Middle East Senior Partner said: “Middle East CEOs are acknowledging the challenges present and are adding a stronger emphasis on strengthening their companies’ operational effectiveness, including investing in roll out of new technologies and addressing talent gaps.” Professionals’ salary A separate study by Bayt.com and YouGov reveals that a significant 67 per cent of UAE professionals feel they receive less salary than industry peers, according to Bayt.com and YouGov Salary Survey. Only three per cent expressed a high level of satisfaction with their current remuneration while eight in 10 believe that the cost of living will continue to increase, according to the findings. “The results of the 2013 Bayt.com Mena Salary Survey suggest that salaries are not keeping pace with the rising cost of living in the UAE. This is a general trend across the Middle East that companies must begin to address,” said, Suhail Masri, VP of Sales, Bayt.com.  ?Most UAE respondents have held either one (26 per cent) or two (38 per cent) jobs in the past five years. The majority claim that they spend on average between one-three years in a job, though 23 per cent held a position for at least six years. “Employees across the Mena region seem overall dissatisfied with their current packages and the rising cost of living; if the two do not draw closer, then there could be potential economic difficulties in the coming years,” said Sundip Chahal, CEO, YouGov.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today middle east ceos optimistic on economy Arab Today, arab today middle east ceos optimistic on economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today middle east ceos optimistic on economy Arab Today, arab today middle east ceos optimistic on economy

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday