As the dust settles on the year's first flurry of corporate earnings, company executives and investors are breathing a little easier with balance sheets across the GCC largely showing a return to growth, according to a report from the Kuwait Financial Centre, also known as Markaz.
Click here to see the top companies by Sector – first quarter of 2011 (pdf)
The first three months of 2011 posed Gulf-based companies numerous difficulties as business dealings took place amid a backdrop of sweeping political unrest across the Arab world and a battered economy still recovering from the effects of one of the worst economic crises in living memory.
There was no shortage of local and international news catalysts to swing global equity markets as rising commodity prices, including gold, silver and crude oil, an earthquake in Japan and the killing of Al Qaida leader Osama Bin Laden in Pakistan all played a key role in shaping a particularly volatile business climate.
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