A Change in Business and Financial Mentality in Arab World

The Arab world is changing and many of its people are getting to know more and more about stock markets. Few years back, not many Arabs held shares in local stock exchanges but the recent boom in the Arab stock markets, mainly pushed by returns from high oil prices, helped a lot.
We should not forget that business and financial news aired mainly on Al-Jazeera, Al-Arabiya and MSNBC are attracting more viewers. Asharq al-Awsat has a nice article about how business news women are becoming stars.
A friend of mine, who had no idea what the word share meant two years ago, calls twice or three times a week to tell me he bought shares or invested money in local mutual funds. He has been doing well so far despite a major decrease in prices in the past weeks, mainly in Saudi Arabia and UAE.
A Lebanese woman I know told me about her Saudi friend who sold his house for about 200,000 U.S. dollars and put all the money in the stock exchange. I don't know whether he is in the red or the black.
A Saudi friend living in Beirut complained to me yesterday of how she lost money after the prices of the Saudi stocks she bought dropped. "I will hold them. I have stocks in very companies like SABIC and Electricity. They have to rise again," she said clearly appearing unhappy.
Too bad I am one of the Arabs who are not making money in local stock exchanges, or maybe lucky with the recent could-be crash.
Bassem Mroue
Beirut April 23, 2006

Comments

seocom said…
ل لتنظيف، شركة تنظيف مجالس بابها تخصصت في عملها في تنظيف جميع أنواع السجاد والموكيت، كما أن الشركة لديها العديد من العاملين المتدربين، وتستطيع الشركة توفير العديد من الأجهزة التي تساعد على إتمام عمليه التنظيف، ويوجد في شركة تنظيف بابها اقسام عديدة ومتنوعة كونها شركة متكاملة، حيث تعرف دائما ان العميل يستطيع ان يعيش في مكان نظيف ورائع ومعطر خالي من الجراثيم والمكروبات، حيث توفر الشركة المطهرات والمعطرات وتترك منزلكم واحة نظيفة ومتناسقة
لا نقوم فقط بخدمات التنظيف بل نقوم بجميع الخدمات بكل مهارة والتى منها
شركة نقل عفش بجازان
شركة تنظيف شقق بجازان
شركة تنظيف بجازان
شركة تنظيف خزانات بجازان
شركة كشف تسربات المياه بجازان
شركة تنظيف مجالس بجازان
شركة عزل اسطح بجازان
شركة تسليك مجارى بجازان
6:56 AM
انجين محمد said…
شركة جلي الرخام بالدمام
ان الرخام والبلاط بعد فترة زمنية يصبح باهت ويفقد رونقه ولايصبح جذاب كما كان من قبل، ومن الممكن ان تحدث له تشققات والكثير من الشروخ نتيجة الي الاستعمال لفترة طويلة مع شركتنا شركة جلي الرخام بالدمام سوف اصبح حل هذه المشكلة سهل للغاية فعن طريق عملية جلي الرخام وتنظيفه سوف تتم ازالة تلك الطبقات المتسخة ويتم اصلاح جميع الحقوق او الخدش به، شركتنا تقدم خدمة مميزة للغاية في هذا المجال نحن نمتلك افضل الايدي العاملة ذو الكفاءة ولدينا افضل معدات الجلي والتاميع بالاضافة الى اسعارنا المثالية التي لا تقبل اي منافسة علي الإطلاق، فقط عليكم الاعتماد علي شركتنا وسوف تحصلون علي رخام كالجدبد تماما
2:58 PM
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