Sunday, January 18, 2009

Saudi Arabia, housing the largest Arab bourse, lost 56.5 percent in 2008

Meltdown Costs Arabs $2.5 Trillion

KUWAIT CITY — As a US-generated financial hurricane is jolting businesses and people around the world, Arab investors have lost 2.5 trillion dollars from the credit crunch. "The Arab world has lost $2.5 trillion in the past four months," Kuwait Foreign Minister Sheikh Mohammad Al Sabah told a meeting of the Arab foreign and finance ministers on Friday, January 16, reported Agence France-Presse (AFP). ~~~~~~~~~~~~~ The biggest loss was an estimated 40 percent drop in the value of Arab investments abroad.

Posted by troy @ 06:57 PM (1218 views)
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4 thoughts on “Saudi Arabia, housing the largest Arab bourse, lost 56.5 percent in 2008

  • and we thought we had it bad..

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  • Lots of stock markets worldwide lost more than 50% in 2008. Here are the top 20 stockmarket losers of 2008:
    – Iceland: Reykjavik (OMX index) -94.4 percent
    – Russia: Moscow (RTS) -72.5 percent
    – Dubai (DFM) -72.4 percent
    – Romania: Bucharest (BET) -70.5 percent
    – Ireland: Dublin (IOI) -66.2 percent
    – Vietnam: Hanoi (HCMSI) -65.9 percent
    – China: Shanghai (SE Composite) -65.4 percent
    – Greece: Athens (Athex) -65.3 percent
    – Austria: Vienna (ATX) -61.2 percent
    – Peru: Lima (IGBVL) -59.9 percent
    – Pakistan (KSE-100) -58.3 percent
    – Saudi Arabia: Riyadh (Tadawul) -56.5 percent
    – Egypt: Cairo (Case 30) -56.4 percent
    – Belgium: Brussels (Bel-20) -53.8 percent
    – Finland: Helsinki (OMX Helsinki) -53.4 percent
    – Hungary: Budapest (BSEI) -53.3 percent
    – Norway: Oslo (OBX) -52.8 percent
    – India: Mumbai (Sensex 30) -52.5 percent
    – Netherlands: Amsterdam (AEX) -52.3 percent
    – Turkey: Istanbul (ISE 100) -51.6 percent
    (Source: Fin24: Biggest bourse losers of 2008)

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  • Financial challenges, winners and losers: Many big companies are losing market share to small rivals. So, there are many losers and some winners in the boom and bust cycles. Many people in the business world are concerned about doom and gloom, ground realities, insolvency and bankruptcy in turbulent local and global markets. Even top lawyers, accountants, market analysts and auditors are already fired and facing long-term unemployment. There are no short-cuts for sustainable success and prosperity. Businesses need bespoke turnaround survival strategies to reduce losses, improve organic and inorganic efficiency, increase revenue, gain sustainable competitive advantage, improve strategic position, and outperform market competition. The strategies would help create new business opportunities and jobs. Many investors target niche, captive markets where consumer demand still continues to grow in double-digits annually to 2030.

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  • oh dear……..

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