MENA fund managers to boost Egypt, UAE investments, still bearish on Saudi: Reuters poll - Reuters:
Middle Eastern funds plan to increase their investments in Egypt and UAE and decrease allocations in Saudi Arabia, while keeping their exposure to other countries in the region at current levels, according to a Reuters poll.
Six of 10 managers polled said they would increase their investments in Egypt, noting falling inflation and interest rates.
Earlier this month, Egypt reported its lowest headline inflation rate in nearly four years, and its central bank cut interest rates by 150 basis points.
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