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Qatar defends robust Gulf frontier markets

On the sidelines of the World Economic Forum, Philip Thorpe, chairman and chief executive of Qatar Financial Centre Regulatory Authority has said that Gulf frontier markets are strong and investors should not lump Egypt and other Middle Eastern markets together in one group, Reuters has reported. The Qatari official was speaking on the context of frontier market, which surged on Friday as jitters over political unrest in Egypt spilled into the broader region. "You should not lump everything in frontier markets in the same latitude with areas (of instability)," Thorpe said.