Middle East No Longer Attractive: Partner

“This (the Middle East) is no longer an attractive area for the emerging market fund managers,” Hassan Khalil from WMG told CNBC Monday. This region is “addicted to being reliant,” he said, adding that it is “not an initiator of productivity, it is a follower and is still in majority a consumption-based and services-based economy.”

CNBC | November 9, 2009

Tags:. .wmg. .consumption. .khalil. .cnbc. .hassan