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Feature: The domino effect
24 March 2011
How will the wave of revolutionary fervour across the Middle East impact investment in the region?
Just as the world economy thought it was finding its feet and 2011 was being projected as year of growth, recovery and recuperation a wave of revolutionary fervour has swept across what was considered an attractive emerging market.
The Middle East and North Africa (MENA) region is now being viewed through a prism of heightened risk aversion and, according to Akber Naqvi, executive director of Al Masah Capital, international fund managers who at the start of the year were looking to shift money from places such as India and China to markets like Egypt, Qatar and Saudi have now stepped back to reassess.
The destabilising events in the Middle East have been a stark reminder that political instability and corruption can rise up to knock economies off course, simultaneously reminding investors that with any attractive investment comes a risk.
The protests against the fallen Egyptian President Hosni Mubarak and...
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