A 6.1 per cent rise in the value of projects planned and under way in Bahrain and a 1 per cent hike in the UAE’s portfolio was more than enough to offset declines in both the Kuwaiti and Qatari markets.
So far, the global credit crunch has had little impact on the index, although this may change in the coming weeks if the regional bank finance market tightens further.
Table: Gulf Projects ($m)
|6 Oct 2008||29 Sep 2008||% change on week||29 Sep 2007||% change on year|
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