GCC, Mideast emerge as strong investment destinations | GulfNews.com

GCC, Mideast emerge as strong investment destinations | GulfNews.com:



"In the context of the changing global economic outlook, most emerging markets are becoming less attractive compared to developed markets while the Gulf region’s asset classes are looking competitive, according to Arjuna Mahendran, chief investment officer of Emirates NBD Wealth Management.



“The GCC region remains extremely robust, despite the ever-present threat that oil prices could subside in 2014. This is because all GCC member countries continue to build large external surpluses and have sufficient foreign exchange and fiscal reserves to withstand a 10 to20 per cent correction in oil prices,” Mahendran said.



For the next six to eight months, developed market asset classes, particularly US equity, look more attractive compared to emerging market equities, according to Emirates NBD Private Banking."



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