17.03.2009 - Economic uncertainty hinders deals
From Gulfnews.com: The general economic uncertainty is hindering private equity deals in the region, financial industry executives feel. Frederic Sicre, executive director at Abraaj Capital, said the expectation last year was that the first quarter of 2009 would provide a better picture of the market but "we are not seeing any clearer." Although valuations of potential assets are down in the changed economic environment, companies are waiting to see more stability..... Full Article: Source