Money makers

by Sami Halabi

Many of the headlines splashed around the economic pages since September 2008’s global financial earthquake have inspired little confidence in Middle Eastern equities. The latest aftershock, involving Dubai World’s liabilities, has put off any return to the boom days of the last decade for a while to come. If you still have any money left that you are willing to invest, the best course of action may be to put it into an asset class that has begun to come into its own, despite the shaky financial ground in the region: the currency markets, better known as Forex (FX). “For the FX market, it has indeed been a time of plenty,” said Mario Camara, co-managing director at the Forex company ACM Middle East and Asia based in the United Arab Emirates. “What happened [during the crisis] was a wonderful thing for the Forex market because the volatility drove people away

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