Sanding our assholes with 150 grit. Slowly. Lovingly.

middle east booming

A report issued by research and consultancy firm IDC showed that the total spending on information technology (IT) in the Middle East and North Africa (MENA) region is expected to rise 50 percent to $45 billion by 2010, up from $30 billion in 2006, Gulf News reported.

The IDC report also showed that the total value of IT security spending for the region is estimated to touch $9.3 billion by 2009, with the UAE, Saudi Arabia, Kuwait, Qatar and Bahrain the top five investors.

The Middle East is one of the fastest growing consumer electronics markets in the world, estimated at $7 billion. Research indicates that it will experience double-digit growth in the years to come, a huge opportunity for major players.

http://www.menafn.com/qn_news_story_s.asp?StoryId=1093158740
Permalink how do I invest in this? 
July 9th, 2007 4:42pm
If you believe "research" like this (not specifically about the ME per se, but anywheres) you will lose money.

Has anybody ever checked the accuracy of these predictions?
Permalink LeftWingPharisee 
July 9th, 2007 6:43pm
> you will lose money

I'm a believer.  Buyer of GAF at today's close 67.15.

SPDR S&P Emerging Middle East & Africa ETF (GAF).

http://finance.yahoo.com/q?s=GAF
Permalink zed 
July 9th, 2007 6:54pm

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