Monday, 15 September 2008

Middle Eastern equities continue to be hit by falling oil price

Middle Eastern equities fell further over the weekend and this Monday despite having strong Sovereign fundamentals. The falling oil price, (sharply down again today), the global economic slowdown, and the turmoil caused by the collapse of Lehman Brothers (not to mention losses at AIG and takover of Merrills) are all contributing to reducing the regions risk appetite.

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