Muscat: Annual corporate earnings growth in Oman is expected to be 6.2 per cent. While UAE's earnings growth for full year of 2014 is forecast to be robust at 15.5 per cent, Bahrain earnings are expected to grow moderately by 1.9 per cent, according to a report by Markaz.
In other remaining Gulf Cooperation Council (GCC) states, corporate earnings in Saudi Arabia are expected to grow by 10.8 per cent, while Kuwait, Qatar are expected to grow by 5.9 per cent and 6.1 per cent respectively, says the research note.
Based on the current trends, Markaz note says that it expects the GCC's annual earnings growth of 10 per cent. Local developments in the GCC region play a vital role in the regional stock markets, it said.
Implementation of structural reforms in Saudi Arabia, major changes in corporate law offering a conducive environment to conduct business in Kuwait and execution of infrastructural projects in anticipation of hosting Dubai Expo 2020 and FIFA World cup 2022 in the UAE and Qatar respectively are expected to support earnings growth, the note said.