Middle Eastern stock markets have shed more than US$50 billion (Dh183.65bn) this year as foreign investors fled the region after uprisings toppled leaders in Tunisia, Egypt and Libya.
Europe's debt crisis worsened the situation for markets that had seen tentative signs of recovery earlier in the year.
"It was probably the most volatile year I have seen in my career," said Fadi Al Said, a senior fund manager at ING Investment Management in Dubai. "Financial markets were dominated by headlines and risk aversion."
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