The modest IQPC Private Equity MENA Business Summit opened in Dubai today in association with CNBC Arabiya with practitioners striking a very bearish note in their remarks about the market.
‘The end is not in sight, we don’t know how much things will get worse or whether this will last a lot longer,’ commented one panel member. ‘We were all hoping 2011 would be better but it has not turned out that way.’
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