High volatility in financial markets and sovereign debt concerns have damaged business and consumer confidence. Global growth is stuttering across nations and, as a result, trade is slowing down.
Kuwaiti Finance Minister Mustafa Al-Shemali reiterated on Sunday that the establishment of the GCC Central bank is in its final phases, pointing out that the concerned states which joined the GCC union are implementing this agreement.
Dubai SME has co-ordinated the participation of 48 members in the activities being held as part of the Global Village, from 1st November 2011 to 3rd March 2012.
Growth in UAE workforce is set to continue into 2012 with companies forecasting an increase in their headcount according to review by Gulf Recruitment Group
Despite a short-term caution, equities on a 2-3 year view look persuasive. Investors enter 2012 in a fearful state, but any sharp falls in equities in 2012 it is doubtful.
Analysts expect, the yellow metal to continue struggling at prices below its 200 day moving average, though strong physical demand from India and China may help to keep prices buoyant.
With only weeks weeks left until the end of the year and no solution in sight for the European debt crisis, many analysts tend to expect silver prices to end down on the year
There are quite a lot of analysts and commentators who are predicting the end of the bull market, but ENBD analysts do not subscribe to this scenario, at least not yet.
