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FINANCIAL NEWS
Survey: Saudi, Qatar to see full recovery this year
30 Apr 2010
(MENAFN) A global survey, which included 15,000 respondents, said that worldwide economic growth is progressing steadily, but full recovery will not be under way until December.
The bi-annual Regus BusinessTracker survey said that Saudi Arabia and Qatar, in particular, may see full growth within the first half this year; while, in Bahrain the full momentum of recovery is not expected until the first half of 2011.
In Saudi Arabia , 61 percent of businesses experienced some hike in revenues in the past year. As a result of this positive year, 78 percent firms expect their revenues to grow in the coming year.
In Qatar , 56 percent of businesses experienced a hike in revenues in the past year. As a result of this positive year, 89 percent companies expect their revenues to gorw in the coming year, according to the survey.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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BBK hosts executive leadership session on digital assets in collaboration with Rain
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