Middle East Economic Survey

VOL. LIII

No 35

30-Aug-2010

REGIONAL

S&P Says MENA Fund Managers Positive On Outlook For Financials

Despite a lack of consensus among fund managers on whether the worst is over for the sector, financials bounced back strongly in the MENA region, according to a 25 August sector update published by Standard & Poors Fund Services (S&P). After being the main laggard in 2008 and 2009, says the report, the financial sector performed well in the first seven months...