Money managers from Mark Mobius to John Burbank are bullish on Saudi Arabia, where stocks are producing the world’s best risk-adjusted gains in 2012 with lower volatility than longer-term U.S. Treasuries.
The BLOOMBERG RISKLESS RETURN RANKING shows the Tadawul All Share Index climbed 2.5 percent this year through yesterday after adjusting for price swings, the biggest advance among equity gauges in 73 nations, as oil rallied and speculation grew that the world’s biggest crude exporter will remove restrictions on foreign investors. Volatility in Saudi Arabia is the third- lowest among the world’s 25 biggest markets and dropped below that of the Bloomberg/EFFAS U.S. Government 10+ Year Index of long-term bonds for the first time since 1996.
Bahrain ‘set for industrial revolution’
Investment banker Rashad Janahi has said that Bahrain is well-positioned to transition to the fourth industrial revolution.
Mr Janahi who was one of the select Bahraini participants at the World
Global equity gloom, oil prices plunge grip MSM
The gloom in global equity markets and protracted weakness in oil prices once again gripped the Muscat Securities Market last week. “Investors once again dumped shares on global and regional cues”, s