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Mideast fund managers see positive growth
February 7, 2010
Middle Eastern fund managers remain positive about the sector's growth in the region, the latest annual review by Standard & Poor's Fund Services has found.
Dubai World's decision to reschedule $26bn of debt linked to its two affiliates, Nakheel and Limitless, in November took many fund managers by surprise, a statement released on Thursday said.
"A common view was that with the oil price at $70 a barrel, the economies in the region were poised for some stability and growth.
Qatar, Saudi Arabia and Kuwait are seen by managers as areas still reaping the benefit of reasonably high oil prices, he said. While Qatar in particular seems to be where the consensus view is more positive.
Original Posting At: ArabianBusiness
Dubai World's decision to reschedule $26bn of debt linked to its two affiliates, Nakheel and Limitless, in November took many fund managers by surprise, a statement released on Thursday said.
"A common view was that with the oil price at $70 a barrel, the economies in the region were poised for some stability and growth.
Qatar, Saudi Arabia and Kuwait are seen by managers as areas still reaping the benefit of reasonably high oil prices, he said. While Qatar in particular seems to be where the consensus view is more positive.
Original Posting At: ArabianBusiness
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