Saray Capital: Focused and Disciplined Value Investors from the Lands of Arabia

(BUSINESS WIRE)-- The following is a statement from Saray Capital

Approaching the last quarter of 2016 – we are faced with two general market conditions in our two geographical focus areas – the Middle East North Africa (MENA) markets and the developed markets.

The MENA markets fell significantly in recent months as result of factors ranging from political uncertainties or in the case of the Gulf Cooperation Council countries the severe oil price crash.
These macro issues started to affect the wider economy and the consumer as the GCC countries switched from having budget surpluses to budget deficits and from overspending to budget cuts severely slowing economic activity and drying up liquidity in the markets.
Almost a perfect storm of pessimism appeared overwhelming individuals corporates and financial institutions. ...

Source : http://me-newswire.net//news/18901/en...