Corporate executives from the Middle East are growing increasingly optimistic about the growth prospects of their businesses, in spite of the unrest that some countries still face within the region.
Some 67 per cent of chief financial officers surveyed in the Middle East and North Africa (Mena) region say they are decidedly optimistic about the financial prospects of their company now compared to the prior six months. That is up 21 points from when the question was first posed at the end of 2009 and marks an 18-month high, says a study from the consultancy Deloitte & Touche.
More than 80 per cent of the surveyed chief financial officers, who cover industries such as energy, manufacturing, finance and hospitality, also believe operating cash flow from their company will rise over the next year. That is substantially higher than the 49 per cent who felt this way during the third quarter of last year.
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