The survey was conducted by The Nielsen Company, a leading global provider of information and insights into what consumers watch and buy. Sixty eight per cent of the 233 respondents to the survey of locals and expatriates residing in Bahrain said they are optimistic about the outlook for the economy over the next 12 months. Respondents also feel secure about their individual circumstances, with 83 per cent confident that the state of their personal finances will be good or excellent over the coming Read more [...]

Kuwait City,: Foreigners working in the Gulf sent more than $100bn in remittances to their home countries last year, an economic report showed yesterday. The figure was twice as high as remittances in 2010, an indication of strong growth, the head of economic research at Kuwait Financial Centre (Markaz), Raghu Mandagoathur, said in the report. The remittances are estimated at 6.2 percent of the combined GDP of the six GCC states of $1.6 trillion, the report said, citing IMF and Read more [...]