Middle East firms to increase debt component to fund growth | GulfNews.com

Middle East firms to increase debt component to fund growth | GulfNews.com:



"Middle East firms’ plans to increase debt-to-capital have more than doubled, whereby 58 per cent of Middle East and North Africa businesses expect to avail more debt-to-fund growth compared with 23 per cent six months ago, according to the latest EY [Ernst & Young] Capital Confidence Survey (CCB).



The CCB is a regular survey of senior executives from large companies around the world that gauges corporate confidence in the economic outlook and identifies boardroom trends and practices in the way companies manage their capital agendas.



According to the survey, 85 per cent of MENA businesses will focus on expanding their core offering into new markets and are also increasingly confident about addressing the challenges to deal-making since last year."



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