Saudi Gazette - Gulf becomes magnet for global portfolio investors:
"Foreign money is flowing into the parts of the Middle East which need it least as the Gulf becomes a major destination for global portfolio investors and political instability deters investment elsewhere in the region.
When uprisings swept across Egypt, Tunisia and other Arab countries more than two years ago, the Arab Spring looked as if it might have a very different impact.
By clearing out corrupt rulers and installing democratic governments focused on raising living standards, the uprisings promised to open markets to more competition and attract fresh foreign investment in much of North Africa and the Levant.
The Gulf, which escaped major political change, seemed to offer less exciting opportunities as conservative monarchies girded themselves to resist the threat of unrest, backing away from politically sensitive reforms of their economies."
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