Mon, Apr 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Why it might be worth betting on Arab markets - Gulfmena

Tuesday, November 17, 2009

Benedicte Gravrand, Opalesque London.

Apparently, there is a change of attitude among Arab investors, especially in retail, as they are becoming more engaged. But, foreign investors, beware: “if you’re not an emerging market investor, forget the Middle-East,” said Dr. Sabah Hamad al-Sabah al-Binali, CIO at Saffar Capital, a PE fund focused on the MENA region, at a seminar in London last week. The compelling factors for the region include strong fundamentals (with oil as a key driver for growth), demographics, liquidity, convergence of markets and value. But “as some parts of the world have no cash and lots of talent, what we have is lots of cash but not talent,” he quipped.

The GDP of the wider Middle East and North Africa (MENA) region is approximately $2.7tn, making it roughly equal to India and Brazil combined, with Saudi Arabia alone at nearly $500bn. With oil to remain key driver of growth, Saffar argues that not only is there greater liquidity in the Middle East but the region is experiencing a convergence of markets, creating a similar situation to Western Europe in the late 1980s. So there is an opportunity for investments that have the ability to marry execution with the local know-how, which in turn creates a value premium.

Foreign investors are coming back to the African and MENA region, said hedge fund manager SilkInvest in ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably