Middle East SMEs report high levels of business confidence

(Source: Middle East Company News)
Small and medium enterprises in the Middle East continue to top the HSBC’s Small Business Confidence Monitor, with 49% reporting a positive economic outlook in the next six months and 50% looking to increase capital expenditure (capex) by the end of 2010. This is the sixth wave of the HSBC Small Business Confidence Monitor, which was conducted in May and June 2010 by research agency TNS for HSBC Commercial Banking.
The results were used to calculate an index ranging from 0 to 200 where 200 represents the highest confidence level, 0 represents the lowest, and 100, neutral. Please see the attached report Global Small Business Confidence Monitor – July 2010 for more information.

About HSBC in the Middle East:

HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 48 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon, Pakistan and the Palestinian Autonomous Area.

In addition to the branch network, the bank maintains representative offices in Tehran, Iran and Tripoli, Libya. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt SAE, and by its associated companies: The Saudi British Bank; HSBC Saudi Arabia Limited; SABB Securities Limited; SABB Takaful Co.; and Dar Es Saalam Investment Bank. Media contact: Aimee Peters Senior Manager – Corporate Communications HSBC Bank Middle East Limited Emaar Square, Building 5 PO Box 502601, Dubai, United Arab Emirates Tel: +971 4 4235608 (c) 2010 Middle East Company News. Provided by ProQuest LLC. All rights Reserved.

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