London – Mubasher: The flow of foreign investments to the MENA region has been negatively impacted by several factors including political instability, said Fady Khalaf, Secretary General of Arab Federation of Exchanges (AFE).
The statement came during the official’s participation at a roadshow that was inaugurated today in London for capital markets in the MENA region.
Markets in the MENA region suffered an exit of foreign investments due to political unrest following Arab Spring revolts.
“Investors do not look for attractive prices only…. Opening up Arab markets for foreign investment is a huge transition,” said Khalaf.
During the last three years, Arab stock markets took steps aimed to facilitate foreign investments, the latest of which was Saudi Tadawul that allowed foreign investments in mid-2015.
“More facilitations are likely on the way to ensure an upgrade of Arab markets,” concluded the Secretary General.
The two-day event, which is organised by Frontier Exchange, is bringing together investors with representatives of bourses of Abu Dhabi, Jordan, Lebanon, Tunisia and Morocco.
