GCC attracts funds despite inflation rise

The Gulf countries continue to attract businesses and jobs despite soaring inflation across the region, according to a new poll. The poll, conducted by Leaders Presents, organisers of the Leaders in Dubai Business Forum, found that 83 per cent of regional business leaders expected to increase their business in the Gulf Cooperation Council (GCC) countries over the next one year. Almost 80 per cent of the respondents said they expected the profits from their GCC businesses in the next five years to increase, compared to other parts of the world, according to a Leaders Presents statement. "The GCC countries in general are experiencing a rapid growth fuelled by rising population numbers and an increase in national income," Lucy Mountain, conference director of the Leaders in Dubai Business Forum, said in the statement. "The high... [read full story]                    

Add Comment
There are also 4 related articles
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies