Mubasher: President Donald Trump’s decision of withdrawing the US from the 2015 Iran nuclear deal, in addition to re-imposing new sanctions on Iran is expected to stoke geopolitical tensions in the Middle East and hurt the US' ties with its allies.
However, an investment firm executive said that the region is still “very stable” for doing business.
"If you look through history, whether it's 100, 200, 500 years, this region has had its own share of positive and challenging news. However, that has never stopped the region from growing and developing,” Hazem Ben Gacem, head of corporate investment for Europe at Bahrain-based Investcorp, told CNBC on Wednesday.
Over the last two decades, Investcorp has been able to buy, manage and sell its investment in the Middle East, he added.
Ben Gacem further noted that the company manages assets of $22.2 billion in the region, with a major footprint in Saudi Arabia. He highlighted that this doesn't mean playing down the region's geopolitical tensions which are taken into consideration when his firm takes investment decisions.
"Any major news which is reported, we really take a look at it from a global perspective: It will have as much of an impact on our businesses in Europe as it would with North America and as it would with Saudi," Ben Gacem said.
