Investor confidence in GCC improving
According to a report released by Shuaa Capital…
August 31, 2009 1:40 by kippreport
According to a report released by Shuaa Capital, the GCC Investor Confidence Index has increased by 2.7 percent in August. The UAE index was this month’s biggest gainer, and was up 4.3 percent because of improving sentiment about the country’s economy, says the report.
“Although only a 2.7 percent gain, it is nonetheless a good sign and the small change is not surprising given that August is traditionally a quiet month,” said Oliver Schutzmann, author of the report.
“The six month investor outlook for the GCC economy remains positive this month,” he added.