mideast firms see dip in revenue growth hopes
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

MidEast firms see dip in revenue growth hopes

Arab Today, arab today

Arab Today, arab today MidEast firms see dip in revenue growth hopes

Dubai - Arabstoday

Middle East business confidence has fallen in the last six months, according to the global Regus Business Confidence Index. The Middle East score slipped back nine points to 125 since September with 49 percent of companies reporting revenue growth compared to 55 percent six months ago. Companies reporting profit growth remain stable at 45 percent, the index also showed. Middle East firms said they identified paying for unnecessary office space (63 percent) as the main reason for corporate distress during the downturn, followed by difficult access to cost effective capital (52 percent). Respondents also saw more sales through third parties, increasing use of pay-as-you-go business services (44 percent) and a shorter supply chain (40 percent) as the areas where companies could best make savings without damaging growth prospects. Globally, the Business Confidence Index rating was lower for small businesses than for large firms, Regus said. Joanne Bushell, vice president for Middle East and Africa, Regus said: "Middle Eastern business confidence has suffered a dip possibly affected by the Eurozone crisis and a slight slowdown in BRIC growth economies. "Although companies reporting profit growth remains table, there is a slight squeeze in those reporting revenues, therefore it is not surprising that in order to grasp growth opportunities in a sustainable way, businesses are still looking to cut overheads without damaging their growth prospects." She added: "In particular, a significant proportion of businesses believe that unnecessary office space, one of the major burdens borne through the global economic downturn alongside the well documented bank lending and capital squeeze, is an area where businesses may focus their cost-cutting efforts successfully."

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*

mideast firms see dip in revenue growth hopes mideast firms see dip in revenue growth hopes

 



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*

mideast firms see dip in revenue growth hopes mideast firms see dip in revenue growth hopes

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday