People will have to start factoring this political risk into their forecasts, prices and allocation decisions.
The sentiment in the entire region is negative.
Yesterday we were down because of Saudi Arabia. In the past few days we have seen the fate of markets in the UAE becoming more related to the fate of the Saudi (market).
Political risk is there in varying degrees in every transaction. But in this case one can ask 'Would this have happened if Dubai Ports World had not been an Arab company?'.
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