Funds positive on UAE, Egypt stocks in era of cheap oil | GulfNews.com:
"The United Arab Emirates and Egypt appear the most attractive among major Middle Eastern stock markets in an era of low oil prices, the latest Reuters survey of regional asset managers suggests.
The plunge of oil and equity prices over the last several months has stunned managers, and they may therefore invest their 2015 equity allocations to the region only gradually.
“I think the next three months will witness a wait-and-see approach by most fund managers, as they wait to see stability in the equity markets after the wild swings of December,” said Mohammad Ali Yasin, managing director at NBAD Securities."
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