Arab Today, arab today business outlook 2013 and economy to grow by 325
Last Updated : GMT 14:31:54
Arab Today, arab today
Arab Today, arab today

Business outlook 2013 and economy to grow by 3.25

Arab Today, arab today

Arab Today, arab today Business outlook 2013 and economy to grow by 3.25

Manama - BNA

Capital Club Bahrain, the Kingdom\'s premier private business club and a member of the ENSHAA group of companies, hosted an in-depth look ahead at the region’s business and economy during uncertain times. Some of the Arab world’s most influential business personalities and leaders in their respective fields analyzed the business outlook for Bahrain and the region in the coming 12 months, providing insight to the business climate for potential opportunities and new strategies for business leadership. With over 60 Members and guests in attendance at the Club’s prestigious Financial Harbor venue, the panel consisted of industry heavyweights, including Talal Al Zain, Vice-Chairman of the Club and CEO of PineBridge Investments Middle East, a global multi-asset class investment firm; Khalid Al Zayani, Honorary Chairman Al Zayani Investments Group of Companies; Dr. Yahya Al-Yahya, CEO, Gulf International Bank; and moderator Jamal Fakhro, Managing Partner, KPMG Fakhro. On the investment climate, Talal Al Zain said, “The IMF forecasts the GCC economy growing by 3.25% in 2013, which is higher than both Europe and the US at forecasts of 0.2% and 2.1% respectively. There are clear investment opportunities in the region including the oil and services sector, and demand-driven sectors such as health and education. Bahrain’s economic prospects are underpinned by solid fundamentals that have not changed. The case for continued regional economic reform is just as strong, in order to allow the private sector to grow, to diversify from oil, and create jobs.” Mr. Al Zayani, whose organization is involved in profitable national and international businesses with a diverse portfolio, provided an optimistic business perspective, commenting, \"The fundamentals for growth are there but investment and consumer spending is being withheld due to political instability in the region, in which we must include not only other GCC member states, but also Syria, Iraq and of course Iran”. Commenting on the 2013 Outlook for the Saudi economy, Dr. Al-Yahya, who has been the Chief Executive Officer of Gulf International Bank B.S.C. since 2009, served as Executive Director at the World Bank and was an advisor to the Governor of the Saudi Monetary Agency (Sama) said: “In Saudi Arabia, mortgage finance, housing development, construction (contracting) and consumer lending, will all be on the rise. They will be major drivers for growth in the medium term. It is expected that fiscal spending will continue at the same level as the last few years, in line with the adopted counter cyclical economic policy of the Kingdom. Major risks to the Saudi economy, would be significant fluctuations in the price of oil”. Adding to the discussion, Moderator Jamal Fakhro, also remarked, “I am confident of a positive climate ahead of us in the region. With oil prices in the range of US$110/120 per barrel, GCC countries will have enough cash to fund their infrastructure projects. The recent ‘GCC Marshal program’ will help Bahrain to spend US$500 to 750 million dollars in infrastructure projects every year for the coming 10 years. We expect 2013 to be a positive year with growth, incumbent upon the stability of the region”.

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 business outlook 2013 and economy to grow by 325 Arab Today, arab today business outlook 2013 and economy to grow by 325

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise

GMT 05:40 2017 Thursday ,16 February

Stocks rise on Yellen’s positive US outlook

GMT 05:34 2017 Thursday ,16 February

‘Protectionism, populism threaten euro zone’

GMT 04:51 2017 Thursday ,16 February

Oil pulls back after brief rally
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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