By Tom Everett-Heath
Balloon rising or bubble about to burst? The stock markets of the Gulf are attracting growing attention as much for warnings of impending crashes as for their extraordinary bull run. The markets of Saudi Arabia, the UAE and Kuwait have appreciated by 132%, 189% and 63% respectively.
But in July, a 19.5% correction in the UAE has been seized on by some as the first sign of an impending string of market crashes. Others simply point to the health of the underlying economies, the oil-fuelled surge in...
