Kuwait's Global Investment House (GLOB.KW), one of the country's biggest investment firms, will continue to monitor costs and expects more job cuts this year, although it expects an improvement in results, its managing director said on Monday. Speaking at the Reuters Middle East Investment Summit in Kuwait, Maha al-Ghunaim said she expected the firm's results to be better in the second half of 2010 than they were in the same period a year ago.
"I'm very positive that we will continue to see an appreciation in our revenue line, and if things start to move in the region, you bet that Global will have a place," she said.
"This crisis has been a blessing in disguise, because today Global is much better, stronger than where it was five years ago, regardless of the profitability," she added.
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