The launch of Dubai s Atlantis hotel last week, complete with Dame Shirley Bassey and a firework display costing £3m, drew attention from around the world. But it is likely to take more than a party, however lavish, to raise a smile from many of the region s investors.
So far this year, the MSCI Frontier Markets Index, which takes a majority of its constituents from the Middle East, has fallen 50 per cent. The index had outperformed emerging and developed markets in previous years, but this year the MSCI Emerging Market Index has fallen significantly less far.
