Think Tank

Will property prices plunge in the next year? Will the dirham climb against the euro? The Arabian Business Think Tank (ABTT) - a panel of nine Gulf business leaders - give its predictions on whether the region's economies will be thriving or failing over the next 12 months

Our Panelists

Elie Khouri

Mishal Kanoo

Karam Awad

Philip Barnes

Eckart Woertz

Sunil John

Ziad Makhzoumi

Badr Jafar

John Davis

How it works

How it works

Forecasts are calculated on an average of nine independent predictions made by Gulf business leaders

Dubai Financial Market index value: end-of-year forecast

Dubai Financial Market index value: end-of-year forecast

“We are a long way from 2008, but the market is holding steady. Dubai’s debt restructuring plan has given everyone a lift. The mood is positive.”

Saudi Tadawul Market index value: end-of-year forecast

Saudi Tadawul Market index value: end-of-year forecast

“Saudi Arabia is experiencing a huge growth in consumer spending, which means it has not been affected by what is happening in the West.”

Average price of an apartment on the Palm Jumeirah, Dubai: 12 month forecast

Average price of an apartment on the Palm Jumeirah, Dubai: 12 month forecast

“It’s just not getting better. Nobody can tell you how many more distressed sellers are out there. The signs are the market is yet to reach its bottom.”

Price of an ounce of gold: 12 month forecast

Price of an ounce of gold: 12 month forecast

“There is less financial uncertainty out there which is good. But that means less money going into gold, which is traditionally a safe bet in a recession.”

Value of the euro against the dirham:12 month forecast

Value of the euro against the dirham:12 month forecast

“Three months ago we feared the worst, and the currency’s very existence was under threat. That threat is no longer there. The euro should get stronger.”

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