Merrill Lynch Managing Director Frontier Markets Hootan Yazhari weighs in on the Middle East’s equity markets and Dubai Financial Market (DFM). He speaks on “Bloomberg Daybreak: Middle East.”
The rise of Saudi and Egypt as top markets and Middle East choices for equity investors is taking a toll on Dubai Trading on the DFM.
DFM dwindled to its lowest point since September 2015.
DFM slumped about 8% this year making it one of the 5 worst performing indexes in the world!
What is happening here and what will bring DFM back?
What has Foreign Ownerhsip Limit (FOL) to do with spurring investments?