The New Wave of Arabs Investments in Africa March 10, 2008
Posted by mylastresort in analysis, bahrain, qatar, saudi arabia, sovereign funds.Tags: Africa, Attijariwafabank, Celtel, Congo Republic, Dubai Islamic Bank, Dubai World, Emirates Telecommunications Corp, Libyan African Portfolio (LAP), Mauritanie Airways, Middle East, Millennium Finance, Morocco, Netherlands, North Africa, Organisation of the Islamic Conference, Pan-African Investment Partners II, Prince Alwaleed bin Talal, Qatar Airlines, Qatar Steel, Royal Air Maroc, Senegal, Tunis Air, Warid Telecom, West Africa, Zain
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Senegal will host a meeting of the Organisation of the Islamic Conference (OIC) in Dakar on March 13-14, at a time when many Middle East and North African companies are making large investments in sub-Saharan Africa.
Below are a list of some recent Arab investments by sector. (more…)
T. Rowe Price sees value in Gulf, Africa stocks March 9, 2008
Posted by mylastresort in analysis, qatar, saudi arabia.Tags: Africa, Africa & Middle East, analysis, Asset Management, Banks, Gulf, Researched, stock markets, T. Rowe Price
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Asset Management Firm, T. Rowe Price released a report stating that Middle Eastern stocks, despite their huge surge last year, remain undervalued with the region’s banks, financials and infrastructure firms an especially attractive bet.
T. Rowe Price launched an Africa & Middle East Fund last September with $570m under management, making it one of many companies looking to boost its exposure to the oil and commodity-rich region. Joseph Rohm, an analyst dedicated to the fund, said the majority of its 30 to 40 stocks were in the Middle East and most of those were financials. He said expected currency revaluations, growing infrastructure spending and China’s growing presence in Africa provides scope for future gains.”We feel that valuation gives a lot of support … We still think of this region as massively undervalued and less volatile than other markets going forward. That will be a big support.”