ID :
194847
Wed, 07/13/2011 - 14:39
Auther :
Shortlink :
https://oananews.org//node/194847
The shortlink copeid
Arab institution urges investors to focus their ventures in Arab region
KUWAIT, July 13 (KUNA) -- The Arab Investment and Export Credit Guarantee Corporation urged Arab investors to focus their activities and ventures in the Arab region in all sectors in need of development, and stressed its keenness to provide best possible guarantees for its clients.
The corporation's Director General Fahad bin Rashid Al-Ibrahim said, in the institution's quarterly bulletin, that there is a wave of recovery in Arab bourses and hoped the losses of the first quarter of 2011 caused by political instability and uncertainty in the region would be reversed.
Al-Ibrahim also urged official bodies across the Arab world to provide complete and updated information in a timely manner to enable accurate analysis, forecasts, and appropriate planning. The data should cover geographic distribution of bourse investments, he said.
The official remarked there is an increase in the sens itivity and importance of the role and influence of international stock exchanges, which goes hand in hand with developments in speed of and means for communication and exchange of information, and most specifically in proportion to increased openness and inter-connectedness among markets in different parts of the world.
World Federation of Stock Exchanges data suggests current value of 52 markets at USD 61 trillion, compared to 57 trillion in December 2010 at a growth of 7 percent in the first quarter of 2011. These markets include those of Saudi Arabia, Egypt, Jordan, and Morocco.
There is an increase in importance of foreign investments in all markets of the world, and this applies to Arab world markets as well, Al-Ibrahim remarked. This increase in allure reflects upon both direct and in-direct foreign investments.
The combined off-shore investments of Egypt, Lebanon, Bahrain, and Kuwait alone come to USD 78.3 billion at the end of 2009, he pointed out.
Balan ce sheets of 12 Arab countries accessible so far indicate an increase in foreign investments in the states' monetary portfolios in 2010. The increase was an average of 62 percent, the sum going up from USD 12.5 billion in 2009 to USD 20.2 billion
The corporation's Director General Fahad bin Rashid Al-Ibrahim said, in the institution's quarterly bulletin, that there is a wave of recovery in Arab bourses and hoped the losses of the first quarter of 2011 caused by political instability and uncertainty in the region would be reversed.
Al-Ibrahim also urged official bodies across the Arab world to provide complete and updated information in a timely manner to enable accurate analysis, forecasts, and appropriate planning. The data should cover geographic distribution of bourse investments, he said.
The official remarked there is an increase in the sens itivity and importance of the role and influence of international stock exchanges, which goes hand in hand with developments in speed of and means for communication and exchange of information, and most specifically in proportion to increased openness and inter-connectedness among markets in different parts of the world.
World Federation of Stock Exchanges data suggests current value of 52 markets at USD 61 trillion, compared to 57 trillion in December 2010 at a growth of 7 percent in the first quarter of 2011. These markets include those of Saudi Arabia, Egypt, Jordan, and Morocco.
There is an increase in importance of foreign investments in all markets of the world, and this applies to Arab world markets as well, Al-Ibrahim remarked. This increase in allure reflects upon both direct and in-direct foreign investments.
The combined off-shore investments of Egypt, Lebanon, Bahrain, and Kuwait alone come to USD 78.3 billion at the end of 2009, he pointed out.
Balan ce sheets of 12 Arab countries accessible so far indicate an increase in foreign investments in the states' monetary portfolios in 2010. The increase was an average of 62 percent, the sum going up from USD 12.5 billion in 2009 to USD 20.2 billion
