Middle East and Africa: Gulf overspill

Surplus liquidity from the Gulf is finding its way into the Middle East and Africa, finds Paul Allen.

This article appears courtesy of Global Investor.


Market growth will continue to be a feature of the Middle Eastern markets in 2007, according to Arindam Das, senior vice president, Middle East with HSBC Securities Services.

“In Jordan, we are witnessing growing interest from our international clients, as the markets have undergone a correction that has made valuations more attractive, coupled with the fact that some of the surplus liquidity in the Gulf is finding its way into the Middle East and North Africa region”, he says.

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