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ICAEW global business survey shows Gulf businesses are the most confident globally about growth expectations
Wednesday, November 11, 2009 5:56 AM


(Source: Middle East Company News)trackingBusinesses in the Gulf have been hard hit, as those in other regions, by the economic downturn. However, they are less negatively affected than others by changes in consumer demand and global commodity prices, the ICAEW Global Enterprise Survey revealed. Businesses across the world, and especially in the Gulf, are increasingly positive towards further globalisation and are developing their globalisation strategies.

About the company:1. As a world leading professional accountancy body, the Institute of Chartered Accountants in England and Wales (ICAEW) provides leadership and practical support to over 132,000 members in more than 160 countries, working with Government, regulators and industry in order to ensure the highest standards are maintained.Our members provide financial knowledge and guidance based on the highest technical and ethical standards. They are trained to challenge people and organisations to think and act differently, to provide clarity and rigour, and so help create and sustain prosperity. The ICAEW ensures these skills are constantly developed, recognised and valued.Because of us, people can do business with confidence.2. The ICAEW is a founding member of the Global Accounting Alliance with over 775,000 members worldwide.3. The 2009 Enterprise Survey comprised 1,543 telephone interviews among ICAEW members working within business. 1,000 interviews were conducted in the UK (England, Wales and Scotland), with data weighted by company size, industry sector and region so as to represent the profile of UK businesses by value in the economy (Gross Value Added).In other regions, interviews were conducted with a random sample of members working within business: 101 in the rest of the EU, 100 in the US, 280 in Asia and 62 in the Gulf. Interviews in the rest of the EU covered a broad spread of EU countries: Belgium, Cyprus, Czech Republic, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Malta, the Netherlands, Poland, Portugal, Spain and Sweden.Interviews took place between 27 May and 3 July 2009.For further information, pleasec contact:Preeti Chhatbar Hill & Knowlton, Tel +9714 33 44 930

(c) 2009 Middle East Company News. Provided by ProQuest LLC. All rights Reserved.

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