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Long-term investors return to Middle East

16 May 2014


The region’s investment prospects are looking increasingly attractive, BNY Mellon’s Peter Gotke tells Stephanie Baxter

Read more: Middle East


His firm has seen foreign investors coming back to Egypt, mostly through depositary receipts rather than the exchange. The local exchange closed for seven or eight weeks during the country’s revolution three years ago, which was "really bad" for the market and led investors to be reluctant to risk going through the exchange.

"The sentiment now is that if you want to invest in Egypt you probably want to do it through DRs because as well as getting in you can get out if you really want to. So it’s a sanitary tail for Egypt."


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