MENA fund managers are bullish on Egypt, Dubai

MENA fund managers are bullish on Egypt, Dubai: Around half of Middle East fund managers say they are looking to increase their allocations to Egypt and Dubai over the next three months, a Reuters poll picked up by Zawya found. Sentiment is up for Egypt and Dubai, despite the latter being one of the world’s worst-performing markets last year. The EGX is up more than 11% so far this year, putting it ahead of most of its regional peers, the newswire notes. Around 40% of those polled also said they would decrease allocations to Qatar.