MIDEAST STOCKS-Muslim Brotherhood leader's arrest boosts Egypt | Reuters:
"* Foreign investors not convinced that crackdown is positive
* But many locals happy to see strong action vs Brotherhood
* Saudi Arabia pledges more aid to Egypt if needed
* Union Properties continues surge in Dubai
* Barwa Real Estate rebounds in Qatar
By Nadia Saleem
DUBAI, Aug 20 (Reuters) - Egypt's bourse snapped a three-session losing streak on Tuesday after authorities arrested Muslim Brotherhood leader Mohamed Badie, raising hopes among some investors that the government would succeed in dampening down unrest.
In the view of many foreign investors, Badie's arrest may do nothing to resolve Egypt's long-term political tensions; it may simply make a negotiated settlement and an eventual transition back to civilian rule more difficult. For those reasons, the stock market may not be starting any extended rally."
'via Blog this'
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