One positive outcome of the stock market repricing that took place this spring in the Gulf is that the region’s cash-rich investors are becoming more savvy. It is only once you have been burnt yourself that you can truly appreciate the lessons that others – such as those investors badly hit by the rupture of the dot com bubble in 2001 – can offer.
The trouble, though, is that for many of these investors, genuine opportunities for diversification within the region remain limited.
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