Video: Concern Over Global Slowdown And Markets Among Davos Participants

Participants at the World Economic Forum (WEF) in Switzerland painted a bleak picture of the current state of the global economy on Thursday after stocks plunged worldwide Wednesday.

Hussain Al Nowais from the United Arab Emirates is chairman of Al Nowais Investments, a private regional holding company based in Abu Dhabi. He said there were several reasons for the slump.