HSBC: GCC business confidence falls in Q4

14 January 2010

HSBC Bank Middle East has said that confidence levels of the business community in Kuwait and Saudi Arabia have increased, while the UAE, Oman and Bahrain have shown a decline in the fourth quarter of 2009. The lender's quarterly Gulf Business Confidence Index for Saudi Arabia and Kuwait rose to 91.6 and 84.6, from to 91.5 and 83.1, respectively.

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