The market resurgence experienced across the Middle East and north Africa towards the end of last year has been cancelled out by the uncertainty stemming from the wave of unrest across the region in the past two months.
Contagion has spread from the uprisings in Tunisia and Egypt to threaten regimes throughout the Arab world, first in the Gulf business hub of Bahrain and now oil-rich Libya.
The Dow Jones MENA Index has returned to levels not seen since last September, when the summer lull was replaced by optimism about growth as the global economy showed signs of recovery after the financial crisis.
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