Gulf Execs See Clearer Outlook, Remain Cautious

From banks to property firms, executives across the Gulf region and Egypt believe the worst of the financial downturn is over, but many warned of more bumps along the way.

"This has been an extraordinary year, things fell off a cliff overnight," Mustafa Abdel-Wadood, managing director of Abraaj Capital, the Middle East's biggest private equity firm, told the Reuters Middle East Investment Summit this week.