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Friday, 28 August 2015
GCC corporate earnings drop 7% on weak oil, strong dollar | GulfNews.com
GCC corporate earnings drop 7% on weak oil, strong dollar | GulfNews.com:
"Many companies in the Gulf Cooperation Council (GCC) region could be feeling the impact of declining oil prices and strengthening of the US dollar, with overall corporate earnings falling by seven per cent in the first half of the year.
The latest report from Kuwait Financial Centre “Markaz” showed that among the hardest hit are businesses in the financial services, construction, commodities and telecommunications sectors, as well as conglomerates.
Company profits declined across the region, except in Qatar. The ones that suffered the most were businesses and multinationals in the oil-rich Saudi Arabia and Kuwait."
'via Blog this'
"Many companies in the Gulf Cooperation Council (GCC) region could be feeling the impact of declining oil prices and strengthening of the US dollar, with overall corporate earnings falling by seven per cent in the first half of the year.
The latest report from Kuwait Financial Centre “Markaz” showed that among the hardest hit are businesses in the financial services, construction, commodities and telecommunications sectors, as well as conglomerates.
Company profits declined across the region, except in Qatar. The ones that suffered the most were businesses and multinationals in the oil-rich Saudi Arabia and Kuwait."
'via Blog this'
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