Tuesday 14 June 2011

Overall Mena markets to remain tough in 2011: Deutsche | Alrroya

Deutsche Bank expects tough market conditions in the Middle East and North Africa (Mena) this year, a senior executive said on Tuesday.

Salman Al Khalifa, the bank's top executive in the UAE and head of markets, said Deutsche retained a positive outlook on the region's equities market.

"Even though political conditions have stabilised, lending conditions remain tight," he told reporters. "We expect Mena market conditions to remain tight and tougher.

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