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Article: MENA Poised for Growth.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- November 12, 2009
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Summary: DUBAI -- Equities markets in the Middle East and North Africa will continue to pick up pace for the rest of the year and into 2010, buoyed by improving global sentiment, while sustained domestic fiscal stimulus that is expected to support earnings growth, investment bank EFG-Hermes said.
Egypts' largest investment bank said that despite a sharp correction in global market since the end of October, conditions remain favourable for positive MENA market performance.
A separate report by Dubai-based regional investment bank, Rasmala Investments, showed that MENA equity markets fell by 1.8 per cent last month, as markets tracked world equities' ...