PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



Middle East CFOs – Local concerns, global impact .pdf



Original filename: Middle East CFOs – Local concerns, global impact.pdf

This PDF 1.4 document has been generated by Online2PDF.com, and has been sent on pdf-archive.com on 03/09/2015 at 05:04, from IP address 49.149.x.x. The current document download page has been viewed 1392 times.
File size: 275 KB (4 pages).
Privacy: public file




Download original PDF file









Document preview


Middle East CFOs – Local concerns,
global impact

www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate

Deloitte: Middle East CFOs – Local concerns, global impact
Deloitte: Risk appetite in the Middle East curbed
Deloitte: Optimism in UAE drops to a net 46% from net 61% previously
24 August, 2015 – The continuation of low energy prices is impacting both
opti is a d risk appetite i the Middle East, a ordi g to Deloitte s latest report
Glo al CFO “ig als: CFO “e ti e t Q
″. With oil at U“$ a arrel at the
time of the survey, CFO optimism fell to one of its lowest levels in recent years,
with only a net 26% across the Middle East reporting positive prospects for their
company. That is down from 47% in the previous survey, which was conducted
just before the fall in oil prices.
A ordi g to Deloitte s report, hi h i ludes results of the se o d-quarter 2015
CFO surveys from Deloitte CFO Programs across the Americas, Middle East,
Europe and Asia-Pacific, risk appetite in the Middle East curbed, with only 33% of
CFOs believing it is a good time to take greater risk onto the balance sheet. For
now, the favored strategies are cost reduction and improving internal economics.
However, CFOs are optimistic about at least one thing: they expect oil prices to be
higher in a year.
www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate

I respo se to halle gi g arket o ditio s a d de reased risk appetite,
Middle East CFOs appear to have concentrated their efforts toward performing as
financial stewards and operators of their organizations rather than as strategists
or catalysts, e plai s Ja es Ba , part er a d CFO Progra leader at Deloitte
Middle East. The pi ot is e ide t as high-priority business strategies over the
e t
o ths ai to prote t a d preser e the orga izatio s fi a ial positio
via cost reduction (net 86%), organic growth (net 73%) and increased cash flow
et % .

Highlights from the Middle East CFO Survey:
 The weakened sense of optimism is evident within several financial
forecasts. Predictions of private equity activity as well as M&A levels over
the next 12 months have both decreased from the previous survey
conducted for the second half of 2014.
 Despite market conditions, new credit is considered to be easily available
and at one of its lowest cost levels.
 High-priority business strategies for the next year revolve around Middle
East CFOs operator a d ste ard roles.
 Net 66% of Middle East CFOs predict that energy prices will be higher in a
year.
 Gulf nations did not remain unscathed from market conditions; optimism in
the United Arab Emirates dropped to a net 46% from net 61% in previous
survey.
 Bank borrowing is perceived to be the most attractive source of external
funding, with a net 65% of Middle East CFOs preferring bank loans over
debt raised.
 Mai tai i g a fo us o ost redu tio a d i proving internal economics
appears to be a prevailing position. As optimism and risk appetite seem to
be directly correlated with energy prices, maintaining a holding position to
eather the stor appears to e a popular strateg , said Ba .
Fortu atel , a CFOs elie e e erg pri es ill e higher i a ear.

www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate

About Roots Land Real Estate:
Roots Land Real Estate is your property partner in the U.A.E. We are committed
to assisting you with the entire process of purchasing or selling your desired
property. Our experience in Dubai and Abu Dhabi?s property markets has
provided us with invaluable insight that is largely beneficial to investors.
Learn more about http://www.rootsland.com/

www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate


Middle East CFOs – Local concerns, global impact.pdf - page 1/4
Middle East CFOs – Local concerns, global impact.pdf - page 2/4
Middle East CFOs – Local concerns, global impact.pdf - page 3/4
Middle East CFOs – Local concerns, global impact.pdf - page 4/4

Related documents


PDF Document middle east cfos local concerns global impact
PDF Document dubai residential property figures reidin
PDF Document dubai property investment
PDF Document dubai supply and demand equation
PDF Document dubai residential property sales price indices by reidin
PDF Document smart cities where to go


Related keywords