After shunning Egypt for over a year because of political instability, Gulf Arab investors are returning to the country, lured by signs that politics are settling down and by the opportunity to buy assets at beaten-down prices.
The interest of Gulf Arabs, who tend to be more familiar with Egypt's political dynamics and business culture than Western investors, is a positive sign for the country's battered economy - especially since some Western firms are pulling out of Egypt because of financial pressures in their home markets.
"There has been a renewed improvement in Gulf investor appetite for Egypt this year. This is not confined just to the financial industry - the pick-up has been across sectors," said Declan Hayes, managing director for transaction services at Deloitte Middle East, a consultancy.
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