UAE, Qatar, Kuwait and Saudi Arabia are among Bank of America Merrill Lynch’s top 10 emerging market picks for 2015.
The price decline aligns with the falling scrap and iron ore prices internationally over the past few months, says the industry.
As the global economic conditions falter and regional tensions persist, MENA economies may face more headwinds in the New Year.
Greater regional economic integration is needed to fill financing gaps.
Gulf businesses see Africa as a key frontier investment destination.
Egypt’s growth rate could more than double thanks to Gulf investments and the launch of serious reforms, according to Renaissance Capital.