FINANCIAL NEWS

GCC investor confidence improves in March

21 Apr 2010

(MENAFN) A report issued by Dubai-based Shuaa Capital showed that investor confidence in the GCC economies has improved in March, following Dubai World’s announcement of a restructuring proposal on March 25, Gulf News reported.

The monthly GCC Investor Confidence Index rose 15.2 points to 120.8 points, its second biggest gain after Dubai developer Nakheel’s sukuk announcement in December, Shuaa said in its GCC investor sentiment report.

The United Arab Emirates Investor Confidence Index rose 36 points to 120.4 points in March. The Bahrain index rose 8.6 points to 103.6 points, while Kuwait rose 7.6 points to 104.5 points, Shuaa said.

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