Friday 4 February 2011

Next dominos in the Mid East? | beyondbrics – FT.com

Investors nervously wondering which Middle East country could be wracked by political turmoil next agree on three likely candidates: Algeria, Jordan and Bahrain.

Other contenders include Yemen, Lebanon and Saudi Arabia, but the first two have been basket cases for so long that international investment is largely non-existent (although there is plenty of Gulf money in Lebanon). The latter is considered extremely unlikely to face trouble given the wealth the government can feed to its people.

On the other hand, Algeria has already seen widespread protests; Jordan’s king recently sacked his entire government and promised reforms; while Bahraini youths (mainly Shia, the majority of the population in a Sunni-ruled monarchy) have called for a day of rage on February 14.

No comments:

Post a Comment