Investors Go Back To New-look Middle East, but Trump Causes Some
Historic political shake-up of area encouraging financiers
Ceasefire anticipated to take pressure off Israel's financial resources
Major funds increasing positions in Egypt
Hopes for resolution of Lebanon's crisis increasing its bonds
(Recasts headline, includes emergency Arab summit in paragraph 8)
By Marc Jones and Steven Scheer
LONDON/JERUSALEM, Feb 9 (Reuters) - A historical shake-up of the Middle East is starting to draw worldwide financiers, warming to the prospects of relative peace and economic healing after a lot chaos.
President Donald Trump's proposal that the U.S. take over Gaza may have tossed a curveball into the mix, however the vulnerable ceasefire in the Israel-Hamas war, Bashar al-Assad's ouster from Syria, a weakened Iran and a brand-new federal government in Lebanon have fed hopes of a reset.
Egypt, the region's most populous country and a crucial negotiator in the recent peace talks, has just handled its first dollar financial obligation sale in four years. Not too long ago it was dealing with financial disaster.
Investors have actually begun purchasing up Israel's bonds again, and those of Lebanon, wagering that Beirut can finally begin repairing its linked political, economic and monetary crises.
"The last few months have very much improved the region and embeded in play a really different dynamic in a best-case scenario," Charlie Robertson, a veteran emerging market expert at FIM Partners, said.
The concern is whether Trump's prepare for Gaza inflames tensions again, he included.
Trump's call to "clear out" Gaza and create a "Riviera of the Middle East" in the enclave was consulted with international condemnation.
Historic political shake-up of area encouraging financiers
Ceasefire anticipated to take pressure off Israel's financial resources
Major funds increasing positions in Egypt
Hopes for resolution of Lebanon's crisis increasing its bonds
(Recasts headline, includes emergency Arab summit in paragraph 8)
By Marc Jones and Steven Scheer
LONDON/JERUSALEM, Feb 9 (Reuters) - A historical shake-up of the Middle East is starting to draw worldwide financiers, warming to the prospects of relative peace and economic healing after a lot chaos.
President Donald Trump's proposal that the U.S. take over Gaza may have tossed a curveball into the mix, however the vulnerable ceasefire in the Israel-Hamas war, Bashar al-Assad's ouster from Syria, a weakened Iran and a brand-new federal government in Lebanon have fed hopes of a reset.
Egypt, the region's most populous country and a crucial negotiator in the recent peace talks, has just handled its first dollar financial obligation sale in four years. Not too long ago it was dealing with financial disaster.
Investors have actually begun purchasing up Israel's bonds again, and those of Lebanon, wagering that Beirut can finally begin repairing its linked political, economic and monetary crises.
"The last few months have very much improved the region and embeded in play a really different dynamic in a best-case scenario," Charlie Robertson, a veteran emerging market expert at FIM Partners, said.
The concern is whether Trump's prepare for Gaza inflames tensions again, he included.
Trump's call to "clear out" Gaza and create a "Riviera of the Middle East" in the enclave was consulted with international condemnation.