Investors should not lump Egypt and other Middle Eastern markets together in one group as strong fundamentals especially in the Gulf argue for a favorable investment climate, a top Qatar regulator said.
Emerging stocks fell and debt insurance costs across the Middle East and North Africa -- both categorized as a frontier market -- surged on Friday as jitters over political unrest in Egypt spilled into the broader region.
Even in Saudi Arabia, dollar/Saudi one-year forwards hit their highest in two years, reflecting expectations of a fall in the Saudi riyal currency in 12 months' time."
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