OUTLOOK 2012 - Previews and Reviews -  MOST SIGNIFICANT TRENDS And CHARTS OF 2011 From burgeon to wither - the four stages of global trade The international competitive coefficient (ICC) of certain products in India/Brazil/Japan/China/EU/US (1995-2010) – this measures the competitiveness of a traded good (calculated as exports – imports / exports + imports)

INVESTIGATING PROFITABILITY OF GCC BANKS

GCC banks under our coverage performed well during 3Q11 with profits rising by 17%YoY; over QoQ however, bottom line shrank by 5%. Kuwait was the only country that witnessed a decline in profits (down 2%YoY), UAE felt the lowest growth amongst peers, just 8%YoY while KSA, Qatar and Oman saw growth in the vicinity of 25%YoY.

Top-line performance of GCC banks improves, that of UAE and Qatar stars .